Dentist gets loan to acquire surgery

A SWANSEA dentist has acquired his first surgery with the support of a six-figure loan from Lloyds Bank.

Imtiaz Khan has bought Russell Street Dental, a three-surgery practice, situated in the heart of Swansea since the 1960s, with more than 5,000 patients on roll.

The value of the acquisition, which provided an exit for the previous owner of the surgery, who has retired after 35 years, has not been disclosed.

Mr Khan said: “Ever since I started out in dentistry, my goal has been to one day be the owner of a practice, and I’m incredibly proud that I’ve been able to fulfil that ambition. I’d been keeping my eye out for a while and when I visited Russell Street Dental I knew straight away it was the right place for me.

“The support I received from Lloyds Bank has been vital, not just financially but also the guidance I’ve had all the way through.”

Tim Kibby, relationship manager at Lloyds Bank, said: “Imtiaz is incredibly driven and passionate when it comes to his profession and we’re pleased that we’ve been able to play our part in helping him to achieve his dream. He’s already shown great ambition in his plans to grow the practice and we’re sure that the business will continue to thrive under his management.

“We are committed to supporting firms and individuals across south Wales as they explore opportunities for growth and will be by the side of the local business community throughout 2021 as we look to help Britain prosper.”