Dentist Dr Gurdit Singh has become the new owner of a Nottingham dental practice after securing a six-figure funding deal from Lloyds Bank.
The 29-year-old won support to buy Mapperley Dental Care, in Nottingham - a one-surgery practice which provides dental care to around 1,000 patients in the area.
Dr Singh was also able to secure the freehold of the three-storey Victorian townhouse the practice is based in, providing him with further scope to grow the business.
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Dr Singh has already hired two new members of staff to support his plans for growth and has pledge to invest in modernising the building in the coming months.
He also has ambitions to add another surgery to the practice and expand the range of services it can offer to include orthodontics and implantology.
Dr Gurdit Singh, director and owner at Mapperley Dental Care, said: "This is a huge step for me, having started my first job in dentistry just five years ago, but it really is a dream come true.
"One of the main reasons I was attracted to Mapperley Dental Care was the potential for growth and I'm excited to get started on developing the practice."
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The deal was due to be completed in August 2020 but was delayed by more than 12 months due to the coronavirus pandemic.
Gurdit added: "The Lloyds team provided support and reassurance throughout what was a difficult time, and I'm pleased that we've now been able to complete the purchase. Now that we're up and running I'm looking forward to working with them over the coming months and beyond."
Andy Pearson, relationship manager at Lloyds Bank, said: "Gurdit has shown incredible ambition in the short time since he qualified, and we're pleased that we've been able to help him acquire his first practice.
"We have no doubt that he will enjoy huge success as he looks to grow the business and we will remain by his side as he does so."