Bounce back loans for dentists
Following several months of closure, it has been a difficult time for dental practices across the UK. However, there seems to be light at the end of the tunnel. We wanted to look into ways we can support you and as a result have launched our ‘Bounce back loans for dentists’.
Interest free, no hidden fees loan
WestWon are pleased to launch a new interest free leasing product just for UK dentists, called the ‘Bounce Back Loan’, we are following in the spirit of what the UK Government is doing to help business’s by offering an interest free, no hidden fees loan facility.
This loan product is only available to UK dentists. It is designed to help in a small way to fund dentists capital equipment requirements.
Although most of the UK dentistry sector is in hibernation, it is also a time when business owners have the time to focus on coming out the other side of Covid-19. They are thinking about what equipment they will need to buy or how to refresh their practise. We know first hand that practices are implementing new ideas to satisfy how to work in a safe way.
Key features for our ‘Bounce Back Loans for Dentists’
- Loan value from £250.00+VAT to £1,000.00+VAT
- Interest free
- No documentation fee or hidden charges
- First two months holiday period (no repayments) followed by 10 monthly repayments via DD
- You own the equipment at the end of the twelve months
- The loan is only to fund equipment with a useful life over one year (not for consumables)
- Can be used as part of a bigger equipment lease purchase
- Quick, simple application process
- Subject to credit
- Offer available until the 30th September 2020 and limited to 250 practises
New Protocols and legislation
We understand that new protocols and legislation must be introduced. New Personal Protective Equipment (PPE) required for the practice, bespoke screens and even air purifiers for reception. Even new shower rooms to enable the staff to shower when they arrive and leave work, are all being considered.
Speaking on behalf of WestWon, CEO Jeremy Hall noted, “It is imperative now more than ever that we rally around and help each other. This is our small way of saying to dentists that we are here to help you. We respect totally that the interest element on a £1,000.00 lease over one year is small. We hope that dentists embrace the spirit of what we are looking to do and take up this interest free, no hidden fees product”.
Richard Porter, Divisional Director of the Dentistry sector added, “This product is unique, no other companies are doing this in dentistry or the wider UK economy. We will be promoting this to all the UK dentistry suppliers and practises and hope that it achieves its objectives to kick start the profession again. Aiding their cash flow over the following twelve months”.
Initial feedback promoted a few questions, the main one being ‘What’s the catch?’, we know there is no such thing as interest free credit. Our dentistry division will be on boarding 250 new dental practises over the following twelve months as customers. This is one of our initiatives to help us achieve that goal”.
For more information, please email Richard.porter@westwon.co.uk or call 01494 611 456.
