Name: Hotel Finance
Brand: Fleximize
Rating: 4.9 (1030 reviews)

Hotel development finance

Running a successful hotel has never been easy. Hoteliers have long faced a competitive and unsettled market with seasonal needs and the disruptive growth of Airbnb. The pressure and influence of customer reviews can also bring challenges.

Hotel owners must consistently offer first-class service or risk having empty rooms. Read on to explore how short-term hotel finance can help support your hotel's growth.

Swift approval

Funding in as little as 24 hours

1st class customer support

Repayment holidays

Finance options for hotel businesses

As with most of the hospitality industry, hotel businesses can often struggle with seasonal changes in demand. Working around the slower months is often the key to survival. Many owners rely on rooms that are close to or fully booked during the peak season just to stay above profit. These annual revenue peaks and troughs create problems in managing cash flow for many small hotels and B&Bs.

For Hoteliers, ongoing expenses include commercial mortgages, utilities, catering, wages, and business rates. Property improvement costs are also a constant battle, on top of monthly bills. Whether refurbishing the rooms or adding an outdoor dining area, a refresh is important to maintain customers. Improving your hotel can help it stay trendy, which helps increase profits for the long term.

Most business owners choose to renovate when fewer guests are on the premises. But with less money coming in during the off-peak season, cash flow problems can hinder business growth.

Luckily, there are many sources of business funding out there to cover the cost. Back in the day, this might have meant approaching the bank for a loan, credit card, or extended overdraft. Now, businesses can apply online to alternative lenders and have the money in their account in a matter of hours.

Apply for hotel finance

With Fleximize, you can secure funding in as little as 24 hours after approval.

Hotel owners understand the need to act quickly to finish projects before peak season. Our online application means we can offer the speed, ease, and flexibility that hotel owners need. But that’s not all. Here are the other perks of Fleximize’s loans:

Hotel finance of up to £500,000 over a term of 3 - 60 months
Competitive interest rates starting from 0.9% per month
Quick and easy online application with minimum paperwork
Interest is charged on a reducing balance, not the total loan amount
Top-ups and repayment holidays with all loans
No hidden fees or early-repayment penalties
Exclusive discounts on industry-leading business services from our B2B partners

We have a flexible approach to lending. 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 for a short-term business loan.

Looking For Funding? Let's Talk.

If you want to know more about how we can support your business, give our friendly team a call and you'll get straight through to someone who can help, like Sarah. Or, if you're ready to apply, get started by clicking the button below.

Apply Now

0207 100 0110

Mon-Fri: 8.30am - 5.00pm

What can I use a hotel business loan for?

When you opt for one of our flexible business loans, you’ll have access to the capital you need to move your hotel business forward.

Thousands of businesses based across the UK have turned to us for funding, including hotels and rental cottages. Fleximize’s hotel development finance can be used for a range of purposes including, but not limited to:

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

Renovations & refurbishments: Our Flexiloan is popular amongst businesses within the industry looking for funding to refresh their premises. This often includes buying soft furnishings, re-decorating existing spaces or even building an extension.

Previous Fleximize customers have found that a premises refresh allows them to serve more customers and attract new ones.

Marketing & PR: With all the new refurbishments, save some funding to pay for a new marketing and PR campaign. Show the UK all the amazing changes you’ve been able to make.

You can hire a staff member to lead your marketing efforts using the loan. Or to pay agency fees if you decide to look for specialists when communicating your offering to new customers.

Upgrading kitchen equipment: Our Flexiloan has funded lots of new equipment purchases for SMEs across the UK. This includes kitchen equipment for restaurants and hotels looking to expand operations.

Often, the equipment bought allows businesses to fulfil bigger projects and work more efficiently. The funding acts as an initial cash injection to buy all the tools you need. Once they arrive, you can significantly earn more profit in the long term.

Flexiloan Flexiloan Lite

Our Flexiloan product is available to businesses trading for at least 12 months over a 12-60 month term.

months

Interest

£8,460.08

Total Repayment Amount

£58,460.08

Monthly Repayment

£3,247.78

Show potential savings through early settlement

Our Penalty-Free Promise means you won’t be charged extra for repaying early.

Find out just how much you could save through early settlement by adjusting the month of repayment in this section.

Your Loan Quote Summary
Full Settlement At
Total Repayable at Agreed Term	£58,460.08
Total Repayable if Repaid Early	£56,122.84
Interest Saving	£2,337.25

* Interest rates offered to new customers may vary from rates advertised due to variations in the Bank of England base rate and/or Standard Overnight Index Average (SONIA).

This estimate is based on a monthly interest rate of 1.70%, which may not reflect your final rate. Please apply online for a tailored quotation.

A representative example of a loan of less than £25,000: 40.8% APR representative, based on a fixed annual rate of interest of 34.7% and an assumed loan amount of £15,000 over 18 months; equating to monthly repayments of £1,080.67 and a total repayable of £19,452.06.

Our Flexiloan Lite product is available to businesses trading for at least 6 months over a 3-12 month term.

months

Interest

£3,472.16

Total Repayment Amount

£33,472.16

Monthly Repayment

£4,184.02

Show potential savings through early settlement

Fleximize is committed to its penalty-free promise for customers repaying early.

Find out just how much you could save through early settlement by adjusting the month of repayment in this section.

Your Loan Quote Summary
Full Settlement At
Total Repayable at Agreed Term	£33,472.16
Total Repayable if Repaid Early	£32,476.26
Interest Saving	£995.90

* Interest rates offered to new customers may vary from rates advertised due to variations in the Bank of England base rate and/or Standard Overnight Index Average (SONIA).

This estimate is based on a monthly interest rate of 2.50%, which may not reflect your final rate. Please apply online for a tailored quotation.

How Fleximize's hotel finance has been used in practice

The video below features business owner Caroline. She received a loan from Fleximize to cover the costs of an urgent boiler repair. As well as some new improvements to her guest cottages.

Despite being denied a traditional business loan. Fleximize quickly approved Lancombe Country Cottages & Lodges, based on its trading history and provided funding promptly. Caroline could then continue to deliver an excellent customer experience and revenue growth despite its previous unforeseen expenses.

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’ve got big business plans and are ready to apply for funding, fill out our simple online application form to get started. Or take a closer look at our funding options.