Wesleyan offers commercial loans to dentists

BIRMINGHAM-based Wesleyan Bank, part of Wesleyan Assurance Society, is launching a bespoke commercial loan service in response to demand from dentists. 

Wesleyan – best known for offering insurance products to professionals such as doctors, lawyers and teachers – believes that the trusted relationship it has with clients – and the knowledge it has of the sector – means that it is well placed to expand into other financial services areas such as banking.

Steve Deutsch, managing director of Wesleyan Bank, said: “At a time when many mainstream banks are either unable or unwilling to lend to some businesses, finance can be difficult to arrange for smaller dental practices.

“There are currently around 11,000 dental practices in the UK and only 10% of these are managed by larger corporate dental chains.

“Our loans service is backed by an in-depth knowledge of the needs of dental practices, which means we have a clearer understanding of why a loan is required.

“We provide loans so dentists can modernise surgeries and buy new equipment; to support dentists wanting to buy a practice or those wishing to expand and buy a new surgery.”