Medical practice finance

Finance for doctors, dentists, vets and allied health professionals to buy, fit out and equip a practice, through a panel of 100+ bank, non-bank and private lenders.

  • Practice purchase and goodwill
  • Fit-outs and equipment
  • No obligation

In a nutshell

Banks treat medical, dental and vet practices as lower-risk borrowers, so practice owners can often borrow more, with less security, than other small businesses. Some banks publish lending of up to 100% to buy a practice or fund a fit-out, using goodwill and equipment as security instead of your home. Lenders look at your registration, your experience and the practice's billings and profits.

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At a glance

Practice purchase
Up to 100% with some banks
Security
Often goodwill and equipment
Fit-outs
Up to 7 years with some lenders
Equipment
Equipment finance or leases
Premises
Commercial property loans
Interest rates
Vary by lender and practice

How practice finance works

Medical, dental and vet practices have steady demand and qualified owners, so banks treat them as lower-risk borrowers. Many banks have specialist health lending teams, and some offer terms that other small businesses can't get, such as higher loan-to-value ratios and lending against goodwill instead of property.

Practice finance usually combines several products: a loan to buy the practice or its goodwill, finance for the fit-out and equipment, a commercial property loan if you buy the premises, and an overdraft for working capital.

Buying a practice and goodwill lending

When you buy a practice, most of the price is often goodwill: the value of its patients, reputation and earnings. Specialist lenders will lend against that goodwill, along with the equipment, so you may not need to put your home up as security. They value the practice mainly on its profits, so have an accountant who understands practices check the figures before you commit.

The same applies when you buy into a partnership or increase your share of a practice.

Fit-outs and equipment

New practices and refurbishments need fit-outs, and many practices need expensive equipment such as imaging, dental chairs or surgical equipment. These are usually financed with equipment finance or leases, often separately from the practice loan, so each is repaid over its working life.

Buying your premises

Owning your premises can give you control over your location and rent. Some lenders offer higher loan-to-value ratios to medical owner-occupiers than to other businesses. See our guide to commercial property loans.

What lenders look at

  • your professional registration, and for some offers, a fellowship
  • your experience and, for buyers, how long you've worked in the practice
  • the practice's billings, profits and patient base
  • the lease or premises, and the location
  • your personal financial position and credit history

Eligibility and documents

What lenders usually look for

  • Registration with AHPRA or the relevant board, and for some offers, a fellowship
  • Experience in your profession, and for buyers, often time in practice
  • For an existing practice, its billings, profits and trading history
  • A business plan and cash flow forecast for new practices
  • A credit history the lender is comfortable with

Documents you may need

  • Identification and professional registration for each owner
  • The contract of sale and the practice's financial statements, for a purchase
  • Fit-out and equipment quotes
  • Your lease, or the property details if you're buying premises
  • Personal financial statements and tax returns

Requirements vary by lender. All lending is subject to each lender's credit criteria and assessment.

What lenders publish for medical practices

Here's a selection of what lenders publish about practice finance. It isn't a full list of lenders or a ranking.

  • NAB says it offers up to 100% loan-to-value lending for medical practices, including practice and property purchases and goodwill, and fit-out finance of up to $10 million over up to 7 years. Its specialist lender Medfin has financed health professionals for more than 30 years. Profile →
  • BOQ Specialist, part of the BOQ Group, says that subject to credit criteria it can lend up to 100% of the purchase price of an existing practice, using goodwill and equipment as security rather than your home. Profile →
  • Macquarie lends against practice goodwill for larger and multi-site practices: up to 3.5 times EBITDA or 70% of valuation for general practice, diagnostic services and day hospitals, and up to 3 times EBITDA for dental and vet practices, with at least 2 years of profitable trading. Profile →

A sample of lenders, as published by each lender, checked 23 October 2026.

Which finance fits which practice cost?

Buying a practice or a share of one

Usual finance option
Practice purchase or goodwill loan
Notes
Often secured by goodwill and equipment rather than your home

A new fit-out

Usual finance option
Fit-out finance
Notes
Usually over up to 5 to 7 years

Imaging, dental chairs and other equipment

Usual finance option
Equipment finance or a lease
Notes
Secured by the equipment

Buying your premises

Usual finance option
Commercial property loan
Notes
Some lenders offer higher loan-to-value ratios for medical owner-occupiers

Cash flow and working capital

Usual finance option
Overdraft or line of credit
Notes
Covers timing gaps in billings and wages

Related guides

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FAQs

Questions about medical practice finance

Sometimes. NAB and BOQ Specialist both say they can lend up to 100% for practice purchases, subject to credit criteria, using goodwill and equipment as security. Your registration, experience and the practice's profits all matter.

Not always. Several banks lend against a practice's goodwill and equipment instead of your home, especially for established practices with strong billings.

Often, yes, although lenders look at your experience and, for some offers, your fellowship. Starting a new practice relies more on your business plan and forecasts than buying an existing one.

Yes. Most practice finance covers doctors, dentists, vets and many allied health professions, although some offers are limited to particular professions or require registration with a college.

Usually on the practice's profits, often a multiple of EBITDA, along with its revenue, patient base and location. Have an accountant who knows medical practices review the price before you commit.

Yes. Imaging equipment, dental chairs, surgical equipment, IT and fit-outs are often financed separately, which can help match repayments to each asset's working life. Check the tax treatment with your accountant.

No. There's no cost to you for our service. We're paid by the lender when your finance settles, and there's no obligation to proceed.

This page is general information only and isn't credit, tax or financial advice. Lender details are taken from each lender's published information, checked 23 October 2026, and can change. All lending is subject to each lender's credit criteria and assessment.