Harley Street Dental Studio secures Coronavirus Business Interruption Loan Scheme (CBILS) funding

•    The practice was forced to close following advice from their dental regulator, in light of coronavirus
•    The seven-figure funding package includes a capital repayment holiday and an overdraft facility with funds available within five working days following approval 

Harley Street Dental Studio, a purpose built multi-disciplinary dental clinic, which provides general and cosmetic dentistry, smile makeovers, orthodontics and dental implants, has secured a finance package from Santander UK and the Government’s Coronavirus Business Interruption Loan Scheme (CBILS).  The seven-figure funding package will support the business, which has had to temporarily close following regulatory advice during the coronavirus pandemic. 

Santander UK has agreed a repayment holiday and an overdraft facility, to cover potential losses due to the closure. As well as covering the business’ essential costs, the funds will enable the self-employed dentists to provide a telephone advice service, continuing an essential healthcare service and maintaining contact with their patients. 

The Dental Studio is also carrying out some vital refurbishment to the practice while no patients are coming in. This is being further financed by the funding provided by Santander UK. 

Dr Adam Thorne, CEO Harley Street Dental Studio, commented: “It is heartening to work with Santander as we, along with the whole dentistry industry, face unprecedented challenges from the coronavirus pandemic. We’ll continue to work together and look forward to welcoming our patients back as soon as we are able to.” 

Stephen Clements, Relationship Director at Santander UK, said: “We’re pleased to support Harley Street Dental Studio to ensure that that once the restrictions are lifted, the team are set to continue delivering excellent care and keeping their patients smiling.”

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