Funding For Care Home Fit Outs
Leasing, asset finance and business loans are a key source of funding to the UK Care Home fit out sector. Here at Fit Out Finance, we can arrange finance for a small privately owned single care home through to the largest UK care home brands.
Many of our clients are small independent care home groups operating estates with up to five care homes. The UK care home sector is a £16 billion market, with over 11,300 care homes in the UK servicing about 410,000 residents. We are proud to be involved in this sector and to assist in its development.
Finance and funding is one of the key factors that all care home business owners must take into account when looking to buy or develop a care home, or later looking to upgrade or refurbish it.
Care home premises fit out finance and the use of bank funding
In most cases, our clients have good relationships with banks who have funded their freehold or long-leasehold premises. Smaller chains may have a high net worth individual backing the operation or have been able to source funding from other business loan companies.
So where does Fit Out Finance step in? We are happy to fund refurbs, rolling maintenance or major new projects, usually without taking any security over the property. The great news is that any lease, asset finance or business loan we put in place will not affect your existing care home funding facilities.