Specialist Business Loans for the Hospitality Sector
With over 25,000 restaurants and 45,000 hotels, the UK’s hospitality sector is recognised as one of the most diverse and dynamic in the world. From iconic British pubs and cafés, to international acclaimed restaurants, and hotel venues ranging from the traditional Bed & Breakfast (B&B) to luxury Hotels and Spas, the UK’s hospitality professionals are experts in providing a first class service to their customers.
Challenges in the Hospitality Sector
At Elite Business Funding, we understand that running a hotel or restaurant can be as challenging as rewarding. Businesses that operate in the hospitality sector can often have significant fixed costs, which added to the seasonality often faced by the industry, can put financial pressure on restauranteurs and hoteliers during quieter periods.
Fortunately, help is at hand year round. At Elite Business Finance, we can provide you access to bespoke finance options that are designed to work around your business and provide a much needed injection of working capital when needed.
The Uses of a Restaurant or Hotel Business Loan
Whether you are an experienced entrepreneur or are just getting started we have several tailored finance solutions available to assist you in growing your business. Here are just some of the ways our specialist hospitality business loans have been used by the businesses we have funded:
- Purchasing new equipment, such as kitchens and bars
- Refurbishment
- Expansion, to increase covers or open new sites
- Advertising and marketing
- Designing new menus
- Licensing fees
- Seasonal cashflow to cover expenses such as salaries and inventory
- And much more
Hospitality Businesses We Serve
Over the years, we have provided funding solutions for businesses in the following sectors:
- Hotels
- B&Bs
- Cafes, pubs & restaurants
- Bars and nightclubs
- Travel agents
- Tour operators
- Event management companies
How Elite Business Funding Can Help You
As experienced commercial finance brokers to the hospitality sector, we take great care in ensuring we source the best and most appropriate funding solutions for our clients. With the increase of business funding options, finding the right finance may seem complicated. By speaking with one of our experienced advisors, we will look to find you a solution and repayment schedule that best fits with your business requirements. See how we can help you by giving us a call on 0203 473 3653 today.