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Finance Explained:

Finance for Social Care

The social care sector often uses asset finance as a means of acquiring the necessary equipment, facilities, and resources to enhance their services and facilities.

Asset finance enables social care institutions to acquire assets without having to pay the full upfront cost. Instead, they can spread the cost over time through regular payments, making it more affordable and manageable.

This opens up funds for social care organisations to be able to carry out their growth plans and facility the resources their clients need.

Financing Assets for Social Care

Medical equipment
Vehicles
Technology
Furniture and fixtures
Refurbishment and building work

Assets

Types of assets social care organisations can finance with Bluestone

At Bluestone, our expertise and wide funding panel allow us to offer finance solutions for assets across the board. Here are some of the assets you could finance.

  • Medical equipment e.g., hoists, patient lifts, specialised beds, pressure care systems, and other medical equipment needed to provide care for clients.
  • Vehicles e.g., vehicles to transport clients or staff, such as adapted minibuses, ambulances, or wheelchair accessible vehicles.
  • Technology e.g., software, telecare systems, and other technology to improve the quality of care provided to clients.
  • Furniture and fixtures e.g., furniture, fixtures, and fittings to create a comfortable and safe environment for their clients.
  • Refurbishment and building work: fund refurbishment or building work to create or upgrade care facilities.
Finance for social care support - A man actively assisting in sorting bags of food for a charitable cause, highlighting the connection between finance and social care.
Finance for social care in healthcare - Heart rate monitoring equipment in a hospital setting, showing the link of finance and social care within the healthcare sector.
Benefits

Benefits of Asset Finance for Social Care

Here are some of the ways social care institutions can benefit from asset finance.

  • Cost-effectiveness: Asset finance can help organisations access the latest equipment, technology, and facilities, without having to bear the high upfront cost of purchase. This enables them to preserve their cash reserves for other essential expenses.
  • Flexibility: Asset finance can be tailored to meet the specific needs and budgets of each organisation. This allows for a flexible approach to financing that can be adjusted as circumstances change over time.
  • Improved cash flow: By spreading the cost of acquiring assets over time, organisations can improve their cash flow, as they will not have to bear a large upfront cost. This can also help reduce the impact of fluctuations in their budgets.
  • Up-to-date equipment and facilities: Asset finance enables organisations to regularly upgrade their equipment and facilities to provide the latest and most effective facilities to their clients.

What to do next...

How we can help

We understand that financing your operation can be a challenging task, especially with limited budgets and tight timelines. That's why we're here to support you every step of the way.

Our team of finance experts has years over 25 years experience helping social care organisations secure the funding they need to improve their facilities, upgrade their equipment, and implement new programs. We'll work closely with you to understand your specific financing requirements and provide you with a range of financing options tailored to your unique needs.

While many other finance brokers work on behalf of third party investors (trying to deploy a particular investor’s funds), we are completely independent, meaning you will benefit from impartial guidance and bespoke finance solutions.

Our network of lenders can offer you competitive rates, flexible terms, and fast approval times, so you can get the funding you need quickly and efficiently. Plus, we'll guide you through the entire financing process, ensuring that you understand the terms and conditions and providing you with the necessary information to make an informed decision.

With Bluestone as your finance partner, you can trust that we'll support you throughout the entire process, from application to approval and beyond.

Contact us today to learn more about how we can help you finance your projects.

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Finance For Social Care

Frequently Asked Questions

What should social care organisations do to be eligible for finance?

To be eligible for finance, social care organisations will generally need to have a good credit history, a stable financial position, and a clear plan for how they will use the funds. Lenders may also require collateral or a personal guarantee.

BS.202311.01FAQ77

Why should social care organisations consider asset finance?

Asset finance provides you with access to the equipment and resources needed to provide quality care without having to make a large upfront investment. This can free up cash flow that will allow your organisation to focus on its objective of providing care to patients.

BS.202311.01FAQ90

Which cashflow solutions are available to social care organisations?

Cashflow solutions available to social care organisations include equipment leasing, equipment loans, and invoice financing. These solutions can help improve cash flow by providing funding for equipment and supplies or by providing immediate access to cash for outstanding invoices.

BS.202311.01FAQ87

Can social care organisations utilise asset finance?

Yes, social care organisations can utilise asset finance to help fund their operations. Asset finance can be used to purchase or lease equipment, vehicles, and other assets needed to provide quality care to patients.

BS.202311.01FAQ21

Our team are always here to help...

We know finance can be complex and often it's easier to talk things through. Drop us a message or give us a call 0330 135 8660 and we'll get back to you ASAP.

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