Business loan for restaurant
Why choose us?
Our business loan service provides:
- Market leading rates
- Fast service - finance within 2 to 7 days
- Access to specialist lenders
- Expert advice - professional service
Types of Business Loans We Can Source
Business loans for:
- Unsecured business loans
- Secured business loans
- Working capital loans
- Revolving credit facilities
- Merchant cash advances
- R&D tax credit loans
- Commercial mortgages
- Bridging loans
- Development finance
- Refurbishment finance
- Asset finance
- Loans to buy a business
- Invoice finance
Next Steps
Clifton Private Finance is a specialist finance broker who can clearly understand your options. We can assess your circumstances and arrange a finance solution tailored to your needs.
If you need a business loan, call us on 0203 880 8890 or complete our contact form above.
The restaurant industry is growing quickly, but restaurants can be expensive to run. Many restaurant owners need extra funding to cover their monthly expenses. This includes buying new kitchen equipment and paying staff wages.
Because of this, it can be helpful to get a good idea of your funding options. Used sustainably, a business loan could help you scale your restaurant business and promote long-term growth.
Merchant Cash Advances
Businesses relying heavily on card transactions increasingly turn to Merchant Cash Advances, which offers a flexible funding solution. Advances enable businesses to borrow based on monthly credit and debit card sales. This amount can be up to 150% or more.
The loan is repaid through a percentage of the business's card transactions. This percentage usually ranges from 10% to 18% of each sale.
Because no collateral is required, Merchant Cash Advances are particularly appealing to businesses that experience seasonal fluctuations or irregular sales figures.
Before agreeing to an advance, the lender and the business agree upon the repayment percentage. With these features, Merchant Cash Advance loans provide a convenient funding option for businesses requiring fast capital access.
Traditional Lenders
If you own a restaurant, you may come to a point where you need a short-term restaurant loan. Securing a business loan has become more complex in recent years as many mainstream lenders now have stricter criteria.
Before taking out a small business loan with a traditional lender, you must provide sufficient documentation. This documentation is needed in your business loan application.
Mainstream lenders typically require one year of tax returns, a business plan, and proof of asset ownership for collateral.
They also want to see your business's future forecast and profit and loss accounts. Lenders will also usually require a credit check to understand your credit score.
Due to all the paperwork, applications with traditional lenders can take up to a few weeks or even months. This can be a stumbling block for business owners looking to ease cash flow quickly.
Working with a specialist business finance broker can simplify the application process and ensure it goes smoothly. A specialist broker can offer the correct guidance and help you find the right deal for your circumstances. Use our business loan calculator to find out what finance options are available.
Private Lenders
However, if you feel you need more flexibility, working with a private lender could be a suitable route. Private lenders can offer access to substantial funding more quickly and usually require less documentation than mainstream lenders.
This more flexible process means you can access your finances within seven working days. Each case is assessed individually, so this will depend on your circumstances.
Private lenders aren’t available on the high street. But we have an extensive network of private and mainstream lenders, allowing you the best financing options.
