Healthcare Sector 2/2

Healthcare Sector

Healthcare finance plays a critical role in supporting professionals and businesses within the healthcare industry. At Lewis Hullin, we categorise our healthcare finance solutions into two key areas: Primary Healthcare and the Care Home Sector, each with tailored funding options to meet specific needs.

Our Sectors

Primary Healthcare Sector:
This category supports healthcare professionals such as GPs, dentists, pharmacists, vets, and opticians. These roles often require significant training, and many practitioners are self-employed. Financing is commonly needed to buy into a practice, acquire property, or expand. Demand is highest in the dental and pharmacy sectors, where professionals often seek loans of up to 25 years to grow their businesses.

Care Home Sector:
This sector includes care providers for elderly residents, nursing clients, and those with dementia or mental health needs. Financing is typically used to purchase or expand facilities, with repayment terms of 15 to 25 years. Loans are structured to match the profitability of these businesses, ensuring long-term viability.

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Healthcare finance plays a critical role in supporting professionals and businesses within the healthcare industry. At Lewis Hullin, we categorise our healthcare finance solutions into two key areas: Primary Healthcare and the Care Home Sector, each with tailored funding options to meet specific needs.

Business Loans

Unsecured Finance

Invoice Finance

Our Solutions

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Who Is It For?

Invoice finance can be helpful for a wide range of UK-based SMEs, particularly those that:

Issue invoices to other businesses (B2B) with payment terms of 30, 60, 90 days or more.

Are experiencing rapid growth and need capital to support increased sales.

Operate in seasonal industries with fluctuating cash flow.

Are looking for a flexible funding solution that scales with their turnover.

Common sectors that benefit from invoice finance include:

Logistics and transportation

Manufacturing companies

Recruitment agencies

Wholesale and distribution

If you’re facing challenges with delayed customer payments and need to improve business cash flow, invoice finance offers a practical way to keep your business running and afloat.

Who Can Apply?

To apply for a business loan through Lewis Hullin, you generally need to meet the following criteria:

Your business is based in the UK.

You operate as a sole trader, limited company (Ltd), or limited liability partnership (LLP).

Your business has been trading for at least 6 months, or you are
a startup with strong financial forecasts.

You have an acceptable credit history (we may help even with
less-than-perfect credit).

Common Loan Uses

A SME loan can help your business thrive. Here are some common ways our clients use funding:

Bridge gaps in income.

Purchase stock and inventory to meet customer demand.

Expand staff numbers to support growth.

Open new locations, enter new markets, or scale up.

Invest in essential machinery, technology, or vehicles.

How It Works

You issue an invoice

Once you’ve provided goods or services to your B2B customer, you send them an invoice as usual.

A lender advances you funds:

You submit a copy of the invoice to the invoice finance provider. They will then advance you a significant percentage (typically 80-95%) of the invoice value within 24-48 hours.

Your customer pays the lender (or you, depending on the type

Invoice factoring - your customer pays the finance provider directly.
Invoice discounting - your customer pays you, and you then forward the funds to the finance provider.

You receive the remaining balance (minus fees)

You receive the remaining balance (minus fees) and once the invoice is paid, the lender will release the remaining balance to you, minus their agreed fees for the service.

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Types of Asset Finance

Hire Purchase

Hire the asset over a set period, making regular payments. Once all payments have been made, you own the asset outright. This is a good option if you want to build
equity in the asset.

Finance Lease

Allows you to use the asset for the majority of its useful life by paying regular rental payments. You don’t own the asset at the end of the agreement, but you may have the option to extend the lease or sell the asset.

Operating Lease

Typically a shorter-term agreement for the use of an asset. The rental payments are usually lower than with a finance lease, and the asset is returned to the finance company at the end
of the term.

Asset Refinance

If you already own assets outright, refinance allows you to release the capital tied up in them. You essentially sell the asset to a finance company and then lease it back.

Invoice Finance vs Other Funding Options

Feature	Invoice Finance	Business Loan	Overdraft

Factoring involves the finance provider managing your existing sales forecast and credit control, while discounting allows you to maintain this control. Factoring can free up more of your time but may not be suitable if you prefer to manage customer relationships directly. Discounting offers confidentiality but requires you to have a robust credit control system.