Please note: Due to the Coronavirus outbreak, Spotcap is currently not assessing new loan applications in the UK.
Spotcap’s current clients are still able to log into their dashboard as usual.
For further information and how to contact us click here.
Due to the Coronavirus outbreak, Spotcap is currently not assessing new loan applications in the UK. For further information click here.
When a family run dental practice were looking to manage their finances whilst offering the best possible patient care, time proved to be a deciding factor
How did you get started?
“We have grown from a one chair operation 25 years ago, to a five chair set-up, spread across three floors. Personalised care with a small and steady team gives us an edge over large corporations. It’s all about continuity.”
What challenges did you encounter?
“We’ve used bank funding in the past. Speed was the main reason for us looking elsewhere.” We were looking to recruit specialists and equip them with the best tools for the job—quickly. That’s when we approached Jones & Co Finance. Managing Director, Rory Jones explains: “When Satbir came to me he was used to having to give a personal guarantee” Rory adds “The Spotcap product is so unbelievably unique. Satbir bit my arm off when he learned about the fully unsecured element.”
What impact has the financing from Spotcap had for Paddington Dental Practice?
The NHS and private patients will benefit from a number of new purchases: “We’ve invested in new dental chairs, equipment, and surgical kits…We’re also looking to purchase a microscope for the specialists.” “Specialists are invaluable, and we need to offer their services…We’re looking to get endodontists, periodontists, and prosthodontists in so we can provide the very best care”.
One chair, multiple surgical kits, and £125k later, how would Satbir describe the process of securing the business loan with Spotcap? “Far less painful than having a tooth taken out.”