Restaurant Financing for Your Business
The UK restaurant industry is a booming sector. Mintel estimated that in 2014 the UK eating out market was worth £33.5billion, and is predicted to be worth £56.3billion by the end of 2019.
However, with over 2000 restaurants currently in the UK, and due to high competition, high overheads and high staff turnover, the restaurant industry is often seen by most banks as a high risk sector, making traditional business loans less and less easy to come by.
Having access to reliable source of restaurant financing is crucial for any existing establishment wanting to grow and expand, and therefore the Restaurant Business Plan Writer has partnered with a number of alternative specialist financial providers all with significant experience in the hospitality sector.
Alternative finance options for restaurants
If you currently run a restaurant, bar or take-away and need a cash injection fast, then The Restaurant Business Plan Writer can introduce you to a number of preferred cash advance or small business loan providers, offering some of the lowest rates on the market.
Here are a number of examples of how restaurant owners can utilise cash advances or business loans to finance their business:
- Purchasing of equipment or refurbishment
- Licence renewal fees
- Acquisition of a business
- Marketing and advertising
- To cover seasonal increases/decreases in custom
- General working capital and cash flow finance
Advantages of alternative restaurant finance
Each small business loan can be tailored to fit your restaurant’s current business model, ensuring the safety of your cash flow. So unlike a bank loan, there is no fixed term or fixed monthly payments. You repay an agreed percentage of credit and debit card sales which, simply put, means that you only pay back when customers pay you.
Here are a few reasons why flexible funding for your restaurant could be the best option:
- Apply for £2,500-£300,000
- Flexible repayment options
- Pay back only when you earn – no fixed monthly payments
- Access to funds in as few as 2 days
- No fees, hidden charges or penalties
Apply for a restaurant business loan
To apply for restaurant business financing please complete the form opposite, and we will pass your details on to one of our alternative restaurant finance providers for a no obligation quote.
Apply for a Restaurant Business Loan
Note: by completing and submitting your information you give consent for The Restaurant Business Plan Writer to share these details with our preferred third party finance providers in order to provide you with access to their services.
We will never sell, rent or lease your personal information. Ever.