Medical equipment leasing

Hannah Taylor

Swoop made the entire funding process incredibly straightforward and stress-free. From the outset, the platform was easy to navigate and clearly designed with businesses in mind. The team took the time to understand our needs and presented funding options that were genuinely relevant, rather than a one-size-fits-all approach. What really stood out was the level of support throughout the process. Communication was clear, responsive, and professional at every stage, and we felt well informed from initial enquiry through to completion. The expertise and transparency provided gave us real confidence in the decisions we were making. Overall, Swoop is an excellent solution for businesses looking to explore funding options efficiently and with expert guidance. I would highly recommend them to any business seeking a reliable, knowledgeable, and customer-focused funding partner.

Jan 23, 2026

Michael

A user friendly and intuitive platform that did not make the process onerous. Also Ikrah Ramzan, the Asset Finance Funding Manager was helpful, engaging, and supportive through the process.

Jan 20, 2026

Paul Brogan

Great service nice people pleasure to work with, highly recommend them

Jan 16, 2026

Peps Cafe

Very good customer service 👏

Dec 13, 2025

Rachel Martin

Working with the team at Swoop Finance has been genuinely brilliant, both as a partner and as an accountant, recommending them to clients. Their platform makes the funding process feel clear and accessible, and their team really take the time to understand each business before suggesting options. I’ve referred several clients through Swoop this year - from start-ups to established companies and each one has come back saying how seamless and supportive the experience was. From my side, collaborating with Swoop has been effortless. They genuinely care about helping business owners grow sustainably, and their communication and professionalism make them a standout partner in the finance space. Great for accountants looking to add value to their clients and for business owners looking to explore funding with confidence.

Dec 12, 2025

Taz Allinson

Working with Swoop has been brilliant. They’ve been a great brand to collaborate with behind the scenes, and our clients are already feeding back positive results after using Swoop to access funding for their businesses. Highly recommend!

Dec 9, 2025

Frank Coelho

Fantastic tool for business owners. It simplifies the funding landscape and brings everything into one dashboard. I was able to see my options quickly without the usual hassle. Very impressed with the service.

Dec 5, 2025

BuildBright Contractors

We recently worked with Swoop Funding to help finance our new van purchases, and the experience was outstanding from start to finish. The process was smooth, transparent, and far easier than we ever expected. A special shout-out goes to Ikrah, who was absolutely fantastic throughout. She was proactive, knowledgeable, and incredibly supportive—always quick to respond, always clear in her explanations, and genuinely committed to finding the best possible solution for us. Her professionalism and friendly approach made the entire journey not just stress-free, but genuinely enjoyable. Thanks to Swoop—and especially Ikrah—we were able to secure the right funding quickly and confidently. We couldn’t be happier with the service and highly recommend them to anyone looking for business finance done right.

Nov 18, 2025

Claudia Mirabela Costea

A bit late with my feedback but I want to recognise how supportive swoop has been with assisting me to find the best funding for my tiny business.In a world full of possibilities it is rare to find people to help you explore the right paths for your needs.I want to also recognise Daniel M. On this ocassion as he was very professional and prompt to get involved and emailed me all the resources I needed

Oct 19, 2025

Todd Holden

Swoop have been nothing short of excellent. From sign-up to installation, the whole experience has been great. I can’t recommend them highly enough. There’s no more lag when streaming, and the service has been so good that I’ve also switched my business internet to Swoop. I’m really glad to now be on FTTP- previously, I was using wireless 5G for home and FTTN for the business, and neither came close to the speed and reliability we have now

Oct 15, 2025

Page written by Chris Godfrey. Last reviewed on December 4, 2024. Next review due April 6, 2027.

Healthcare is a huge industry in the UK, covering everything from paediatric and senior care, to dental, vision and audio, with a vast array of equipment utilised by professionals who work in the sector. Because this equipment can be expensive, many medical providers choose to lease the machines and tools they need using a medical equipment lease. This type of financing reduces strain on cashflow, provides practitioners with the latest devices, and helps to continually improve the efficiency and quality of the healthcare we receive.

What is classed as medical equipment?

The main categories of medical equipment are electronic, diagnostic, surgical, durable medical equipment (DME), acute care, IT hardware and software, storage, and transport. However, no matter what it’s called, almost every type of medical device can be obtained with a specialised medical equipment lease.

Advantages of leasing medical equipment

Paying for medical equipment out of valuable working capital does not make business sense, which is why thousands of medical SMEs secure the devices they need with a flexible, cost-effective, medical equipment lease. This type of financing offers a host of unique advantages:

Take the strain off cashflow and protect valuable working capital.
Medical equipment leasing often offers lower monthly payments than finance loans.
Can be the most tax-efficient way to buy the equipment you need.
Gives you the option to return or buy the equipment at contract end.
Can sometimes be extended to match dips in cashflow.
Can give you the medical equipment you need very quickly.
100% lease may be available – no deposit necessary

Medical equipment leasing products

Healthcare providers seeking to lease their new medical equipment can choose from two types of medical equipment leasing products:

Operating lease

This is a long-term rental agreement with an option to buy at contract end. The lessee (you) pays a fixed monthly sum for use of the equipment and for a set period of time (12, 24, 36 months etc). When the contract expires, you may either buy the equipment for its fair-market value, extend the rental for a further 12 months or more, or you can simply return the device(s) to the lessor (the equipment provider) with nothing more to pay. (Subject to any usage limitations).

Fixed payments for easy accounting and cashflow management.
Absolute lowest payment.
Set contract period to aid financial planning – supports your budget.
Latest equipment.
Option to buy, continue renting, or return the equipment at contract end.
Simple agreement.

Capital lease

This is also long-term rental agreement, but you automatically buy the equipment for a pre-agreed ‘buyout fee’ (often as little as £1) at contract end. You pay a fixed monthly sum for use of the equipment and for a set period of time (12, 24, 36 months etc). When the contract expires and you have paid the buyout fee, the equipment is yours with nothing more to pay.

Fixed payments for easy accounting and cashflow management.
£1 buyout at end of the contract in many cases.
Set contract period to aid financial planning – supports your budget.
Latest equipment.
Simple documentation.
Excellent option for those wishing to buy but with insufficient cash at time of purchase.

Is leasing medical equipment right for your business?

Your financial plan will determine which method of medical equipment funding is best for you. If you want to add the equipment to your balance sheet and own it outright as soon as the loan is paid off, a finance loan may be the way to go. However, if you want the lowest monthly payments, the biggest tax deduction, the option to buy or return the equipment when the contract ends, and you wish to avoid the potential liability of owning obsolete medical machinery, a flexible, medical equipment lease may be best for you.

Get started with Swoop's business funding platform

Medical equipment leasing is a specialist financial area with differing rules of application and requiring deep knowledge of this business sector from the lender. UK medical SMEs seeking funding may find themselves forever searching and making applications to lender after lender without success. The delays this can create could cause them to lose revenue and leave their business vulnerable to competition. Instead, working with a broker, who can access medical equipment leasing from a wide range of lenders is a better way to go. No more cold calls and endless demands for information, just tell us what you need and leave the rest to us.

Give your practice the equipment it needs to grow. Register with Swoop to find the best rates, the best terms and the best medical equipment lease today.

Written by

Chris Godfrey

Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Barclays Bank, Metro Bank, Wells Fargo, ABN Amro, Quidco, Legal and General, Inshur Zego, AIG, Met Life, State Farm, Direct Line, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of consumer and business finance and insurance.

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