Business loans for hospitality

Some hospitality spending is planned rather than reactive. Refitting a tired dining room, installing a new kitchen line, opening a second site or rebranding a venue all have a known cost and a known return, and for those a business loan is usually the cleanest fit. You receive the full amount upfront and repay it in fixed monthly instalments over an agreed term, which makes budgeting straightforward because the payment does not move.

Unsecured business loans of up to £500,000 are available without putting property on the line, with decisions on smaller amounts often made within 24 to 48 hours. Lenders assess your trading history, turnover and the health of the business rather than only your card takings, so a loan can suit operators whose revenue is not purely card based, such as venues with strong corporate, event or account customers. Larger projects can be structured as secured lending where it brings the rate down.

A business loan sits alongside the more flexible options rather than replacing them. Where a Merchant Cash Advance flexes with daily card sales and suits unpredictable short term needs, a term loan is the better tool when you want certainty over a defined project and a repayment you can forecast month by month. We look at the job you are funding and match the structure to it, and we are happy to blend products where that serves the business best.

• Refurbishing or rebranding a venue
• Installing a new kitchen or bar line
• Opening or fitting out a second site
• Consolidating costs into one predictable monthly payment