Hotel Finance

Here’s how Fleximize can help with funding for your hotel business

Anybody running a hotel certainly has their work cut out in today’s competitive market. With the rapid growth of Airbnb, and people becoming ever more dependent on reviews, hotel owners have little option but to offer first-class service on a consistent basis, or risk being left with empty rooms.

Numerous hotels also face the challenge of seasonal trade, which can see sales drop dramatically at certain times of year. Suffice to say, negotiating the slower months is key to the survival of these businesses, with many relying on close to full occupancy during the peak season just to stay afloat.

Finance for hotel businesses

As well as ongoing expenses such as utilities, catering, wages, and business rates, to name just a few, hotel owners also have to manage the cost of making improvements to their property. Whether it’s refurbishing the rooms, extending the bar or adding a swimming pool, hoteliers have no choice but to continually enhance their offering to ensure they’re satisfying guests and maximizing profits.

To minimize disruption to customers, most hotel owners will save any major work for when there are fewer guests staying on the premises. But, with less money coming into the business during the quieter months, they may need to source additional funding to cover the cost. Traditionally, this might have meant approaching the bank for a loan, credit card or extended overdraft. Times are changing, however, and thanks to the wonders of technology, businesses can now apply for funding online and have the money in their account in a matter of days.

Fund your hotel with Fleximize

At Fleximize, we understand that hotel owners need to move quickly to ensure big projects are completed in time for peak season. Instead of making you wait weeks for a meeting, we offer a lightning-fast online application process, and can typically approve and fund a business within 48 hours. But that’s not all. Here are the other perks of Fleximize’s hotel finance:

We don’t apply the strict criteria of banks, meaning we’ll happily consider you for funding even if you have a less-than-perfect credit history. As long as you’ve been trading for a minimum of six months, you’re more than welcome to apply.

Get started: Apply now

The perfect solution for seasonal businesses

Fleximize was the first lender in the UK to offer a Revenue Advance, a revolutionary form of revenue-based finance that’s a great option for companies with seasonal trading patterns. Rather than repaying a fixed amount each month, our Revenue Advance ties a company’s repayments to its monthly revenue. We’ll simply collect an agreed percentage of your sales each month until the loan is repaid in full, meaning you’ll pay less in the slower months and more when sales are higher.

Whether you opt for a fixed-term Flexiloan or Revenue Advance, you’ll have access to the capital you need to move your hotel business forward. Fleximize’s hotel finance can be used for a range of purposes including, but not limited to, the following:


  • Renovation & refurbishment
  • Marketing & PR
  • Staff training
  • Restaurant or bar extension
  • Recruitment
  • Installing new payment systems
  • Purchasing new furniture
  • VAT payments
  • Upgrading kitchen equipment
  • Supplies & stock

  • We’ve already assisted numerous business owners in the hotel and accommodation industry, including Caroline Newling-Ward, who used funding from Fleximize to renovate her Dorset holiday retreat, Lancombe Country Cottages & Lodges. Find out what she had to say about Fleximize below.

     
    A helping hand:

    Fleximize funded essential renovation work at Lancombe Country Cottages & Lodges, a popular holiday complex in the heart of Dorset.

    Apply for hotel finance today

    If you’re ready to apply, simply click the button below. Alternatively, you can take a closer look at our funding options or check how your repayments might look using our quote calculator. For any other enquiries, please don’t hesitate to give us a call on 020 7100 0110. Our offices hours are 8.30am – 5.00pm, Monday to Friday.

    Get started: Apply now