Individually a small purchase, but clinics rarely buy one — a fleet of monitors across several rooms is a proper facility.
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Yes, though an individual ECG machine is usually below the size most asset funders will write on its own, so it tends to be funded either as part of a wider clinic equipment package or through a short unsecured business loan. Resting twelve-lead machines, ambulatory monitors, event recorders and stress testing systems with treadmill are all fundable. The point buyers miss is that much of the ongoing cost is not equipment at all: reporting software seats, cloud analysis subscriptions and electrode consumables sit outside anything a funder will capitalise.
Used kit: Rarely funded on its own, as resale is weak, though used machines can sit inside a larger schedule alongside new equipment.
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Business asset finance is quoted on a flat rate, so that is what this shows — with the equivalent APR underneath, because the two are not the same number. A quick guide only; your actual rate depends on the asset, term, deposit and lender.
Representative example: on Hire Purchase, borrowing £25,000 over 48 months at a 6.0% flat rate (equivalent to 11.5% APR representative), you would repay around £646 a month; total amount repayable approximately £31,000, of which £6,000 is the cost of finance. This calculator is for illustration only — it is not a quote or an offer of finance, and the rate and repayments you are offered will depend on the asset, term, deposit and your circumstances. CW Asset Finance is a credit broker, not a lender, and may receive a commission from the lender that funds your agreement. All finance is subject to status, affordability and lender approval. CW Asset Finance is an Appointed Representative of Rural Finance Limited, which is authorised and regulated by the Financial Conduct Authority (FRN 630701).
Because the values are modest, this is a fast, credit-led decision. The machine has almost no recovery value as security — used ECG units sell for very little and monitors go missing with patients — so funders lend against the practice. A clinic owned by GMC-registered doctors with CQC registration and filed accounts is a professional covenant and several healthcare desks will approve on that alone. Occupational health providers are read as service businesses instead, where contract concentration is the concern: one large corporate client ending a contract changes the picture overnight. Where deals fail it is almost always credit conduct or size — a facility too small for the funder to bother with, which is why bundling several rooms of equipment into one application is usually the right move.
Examples of the machines we are asked to fund. This is not an exhaustive list — if what you are buying is not here, it does not mean we cannot fund it. Your supplier quote is what the agreement is written against.
| Machine | What it is |
|---|---|
| Welch Allyn CP150 | Twelve-lead resting ECG recorder |
| Schiller Cardiovit AT-102 G2 | Twelve-lead ECG recorder with printer |
| Schiller Cardiovit FT-1 | Compact touchscreen ECG recorder |
| GE MAC VU360 | Twelve-lead ECG system for clinics |
| GE MAC 2000 | Portable twelve-lead ECG recorder |
| Cardioline ECG100+ | Compact twelve-lead ECG recorder |
| Hillrom ELI 250c | Portable ECG recorder with trolley option |
| Hillrom ELI 380 | Twelve-lead ECG system for busy clinics |
| Mindray BeneHeart R12 | Twelve-lead ECG recorder for clinic rooms |
| Edan SE-1200 Express | Entry-level twelve-lead ECG recorder |
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Private GP practices adding diagnostics so patients get answers in one visit, occupational health providers equipping multiple clinic rooms or mobile screening units, and cardiology clinics buying ambulatory monitor fleets because demand for extended recording keeps outstripping the kit they own. Insurance medical examiners and aviation or diving medical services buying to meet examination standards are a smaller but consistent group.
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Bought on hire purchase, business plant and machinery normally qualifies for capital allowances on the full cost even though you pay for it monthly, which is a large part of why hire purchase is the common structure. On a finance lease you generally set the rentals against profit instead. The rules change between budgets and your position depends on how you trade, so treat this as the direction of travel and get your accountant to confirm the detail before you commit.
For most asset funders, yes. The administration is the same on a small facility as a large one, so many will decline on size alone rather than on merit. An unsecured business loan is usually quicker, or bundle it with other clinic equipment so the total reaches a level the asset market will write.
Yes, and a fleet is a much better application than a single unit. List quantities and serial numbers on the schedule. Funders do ask what happens when a monitor is not returned by a patient, so it is worth having a deposit or replacement policy you can describe.
No, where they are billed annually or per report. Those are services with nothing recoverable behind them. A perpetual licence sold on the equipment invoice can usually be included, so ask your supplier which model they are quoting before you assume the whole figure can be funded.
It changes which funders fit. You are assessed as a B2B service business rather than a healthcare professional covenant, so contracts, client concentration and debtor days carry more weight. Strong contracted revenue helps; heavy reliance on a single corporate customer prompts questions. Bring your contract renewal dates to the conversation, because an underwriter will ask about them.
Yes, and it usefully raises the value of the schedule. A treadmill is a substantial, identifiable asset with a resale market, which balances out the smaller items. Confirm the installation address, since these are not moved casually once sited. Treadmills also hold value better than the ECG units themselves, which quietly improves how the whole schedule is viewed.
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Not an offer of finance. All finance is subject to status, affordability and lender approval.
Tell us what you’re looking to fund and Conor will come back to you personally — usually the same day.
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