Restaurant Loans

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Restaurant financing

Running a successful restaurant or pub requires a great deal of hard work, commercial acumen, and determination. As an SME, establishing your restaurant among high-street chains can be tricky, so you need to be able to adapt to trends and the needs of your customers.

Whether you’re a diner in a quiet seaside town or a steak house in a bustling city, having a stable cash flow opens up many opportunities for restaurant owners like you.

Restaurant financing from us can help your business thrive. Read on to discover more about how to finance your restaurant, our product features and how we’ve helped businesses like yours.

Restaurant financing for your business

It’s easy to underestimate the costs involved in running a restaurant. From acquiring suitable premises to renovating and refurbing, restaurant financing is a great solution for acquiring cash.

If you’re seeking a loan for your restaurant, you’ll need it to be fuss-free and have a simple application process. However, it’s worth noting that most high-street banks have lengthy processing times and very strict lending criteria—not ideal when you’re trying to run a restaurant.

Banks look at the unpredictable nature of this industry and are reluctant to lend to you if your restaurant has been operating for less than two years. Unless you’re an established business with a consistent, high-performing revenue history, securing a loan for your restaurant might pose a struggle.

So, what’s the best option for an SME like you? Many restaurant business owners have turned to us for restaurant financing because of our hassle-free assessments and fast lending decisions. We understand that as a restaurant owner, you have enough on your plate to think about—pardon the pun—which is why we developed our simple process with you in mind. It’s speedy yet smooth and a fuss-free ride. Find more information below.

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How to finance your restaurant with Fleximize

We know that to stay ahead of your competition and in your customer's favour, you’ll need to move quickly when making decisions. Luckily, our quick online application process offers the speed, ease, and flexibility that restaurateurs like you require. Here are some features of our restaurant financing:

• Loans for your restaurant range from £10,000 – £500,000
• Competitive interest rates start from 0.9% per month
• Quick and easy online application with minimum paperwork
• Approval and deposit in as little as 24 hours once approved
• Interest is charged on a reducing balance
• Top-ups and repayment holidays are available
• No hidden fees or early repayment penalties
• Exclusive discounts on industry-leading business tools

We consider far more than your company's credit history during our decision-making process, which means you can apply with confidence. As long as you’ve been trading for at least six months, you’re more than welcome to apply for our restaurant financing.

What can I use restaurant financing for?

With a loan for your restaurant, you can unlock the funding option you need to turn your business vision into a reality. Our restaurant loans can be used for purposes such as hiring staff, developing a new menu, or investing in digital technology to help speed up your processes. We can support your restaurant's growth in many different ways.

Hiring new staff

Whether it's your head chef, barback, or maître d’, hiring the right staff will ultimately determine the quality of your customer experience. However, recruitment drives can be difficult and come at a price. On top of salary, you also need to account for any agency fees, paid advertisements, training, new equipment, pension contributions, the list goes on.

Our restaurant finance can give you a cash boost to attract and nurture new talent, a necessity when hiring in the hospitality industry. A strong workforce will lead to excellent reviews, high customer retention, and greater brand appeal. Not only will it help you stand out from the crowd as an employer, but it will also ensure you're attracting talent that will foster great customer experiences.

Expanding your premises

To keep up with your growing demand, you may look to expand your current premises to seat more guests, open up a heated outdoor dining area, or move to a new site. Adapting your venue to accommodate seasonal changes is essential to retaining customers, but financing renovation and relocation can impact your cash flow.

A loan for your restaurant from us will give you the cash injection you need to purchase your ideal restaurant or refurbish an existing one to welcome more guests.

Investing in digital

As with most other sectors, restaurants are leveraging digital technology to meet customers' demands and gain new audiences. More and more restaurants are embracing technology to promote their brands online, communicate with customers virtually, and provide new services like home delivery, paperless menus, and table-ordering apps.

From creating a social media page to developing a robust online ordering system, digital transformation is a long-term project that requires ongoing investment. Our restaurant financing offers flexible features, like loan top-ups, which allow you to secure extra funds to cope with any new costs that arise. This can provide the working capital you need to develop your business and keep up with changing customer expectations.

How Fleximize's restaurant loans can be used in practice

The video below features Norfolk-based restauranteur Shelley Dickinson. She turned to us for a quick cash boost to launch a local marketing campaign just in time for Cromer Carnival. Despite being a relatively young business, with a trading history of six months at the time of applying, we got Shelley the loan she needed to finance her advertising efforts and some essential refurbishments. Watch her full story.

Apply for restaurant finance today

We’ve supported the growth of numerous restaurants across the UK, from local curry houses to well-known franchises, and we’re not stopping there. Applying for bar and restaurant financing with us couldn't be simpler. Just complete our short online form today to get started - it’s really that easy.

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