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Commercial Lending Guide Talk to a BDM
Heads Adele Creighton

“As healthcare industry specialists, we have the insights, professional contacts and expertise to identify future opportunities, assess business model relevance and support medical specialists with their business growth goals – through the business lifecycle of fellowship to float.

Our specialist healthcare team are dedicated to providing business healthcare banking and products and services to suit medical specialists.”

Adele Creighton
Head of Healthcare 

Talk to a BDM

What we offer

Goodwill lending

Cashflow funding for businesses, based on the goodwill value of medical practices, which may be used for activities such as mergers and acquisitions, practice fit-outs, or changes in equity ownership.

 

Sub-segment policies

Goodwill lending is sub-segment led meaning we have specific lending policies for general practice medical services, diagnostic businesses, day hospitals, veterinary services, and dental services. ​

Standard property loans

Competitive LVRs for Commercial properties.

 

Specialist team

Our specialist team can help your clients access unique products and tailored banking solutions.

 

Industry expertise

Our relationship managers have a deep understanding of the healthcare industry and the healthcare ecosystem. We provide thought leadership and industry insights to support business growth. 

Lending guide

Medical Business Goodwill Lending

  • In addition to lending to medical professionals, we also lend to healthcare businesses directly. We focus on the following modalities when it comes to goodwill lending: ​

    • General practice medical services​
    • Day hospitals​
    • Diagnostic services ​
    • Veterinary services​
    • Dental services​

  • Large clinic or multi-site practices, located in metro locations 

  • Lending is based on a multiple of EBITDA* (e.g. 3.5 x EBITDA*)

  • Consistent fees and profitable past trading performance (minimum two years) 

  • Purpose for goodwill lending could be business acquisition funding, working capital, equity release, succession funding, medical equipment and cap-ex funding and acquisition of commercial premises

  • Commercial property owner-occupied LVRs available up to 80%. Interest only terms also available.

Information on lending parameters is provided as a guide only. Each loan will be subject to individual assessment in accordance with our credit and other internal policies. Additional parameters may apply.

Standard property loans

  • Competitive LVRs for commercial properties

  • Range of loan purposes are available including uses such as equity release and cash out  

  • Redraw available on most facilities.

Information on lending parameters is provided as a guide only. Each loan will be subject to individual assessment in accordance with our credit and other internal policies. Additional parameters may apply.

Read our case studies

Professional man using tablet in front of laptop
  • GP Group looking to restructure core debt facilities and remove freehold property and non-core business related entities from the security pool and set up a funding line for future medical centre acquisitions   
  • Refinance of existing core debt into a Fully Drawn Advance (FDA) of $1,200,000 (P+I over a 10-year schedule)
  • Revolving Line of Credit (RLOC) facility of $500,000 secured for the purpose of future acquisitions. Funding amount is approved based on existing practice profit without reliance on new practice income.
  • First registered general security agreement (GSA) over the trading business and personal guarantee from directors. Residential property now unencumbered.
  • EBITDA* of existing practice $600,000 – funding achieved at 2.83 x EBITDA*
  • The group have a clear strategy and desired structure in place which current incumbent was unable to support. The resulting restructure allows client to free up security not related to the core business and have clear business loans secured against business assets.

The case studies are guides only. Each loan will be subject to individual assessment in accordance with our credit policy and other internal policies. Additional parameters may apply.

Watch video

05:00

Spotlight on business

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Partner at Vet HQ, and Macquarie Business Banking client Dr Jessica Green, shares how she and founder Dr Geoff Golovsky structure operations and culture to care for some of Australia’s smallest patients.  

Vet HQ

Read full case study

Talk to a BDM

Talk to a specialist BDM in your state today.

Meet the team

Download our Commercial Lending Guide

View our Commercial Lending guide to assess your client’s suitability for a product.

Download the guide

Learn more about healthcare

Access healthcare industry insights and thought leadership content.

Access insights

Additional information

The information on this page has been prepared by Macquarie Business Banking, a division of Macquarie Bank Limited AFSL and Australian Credit Licence 237502 for general information purposes only. It doesn’t take into account your objectives, financial situation or needs, nor is it intended as a substitute for any accounting, tax or other professional advice, consultation or service – please consider whether it’s right for you.

 

*

This is a guide only. EBITDA can be adjusted for items such as principal salaries, exceptional items and other factors based on individual loan assessment.