Business Loans for the Hospitality industry

Borrow

from

£10,000

£5m

Rates from

7%
£0 Deposit
Same Day Finance Available

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In the aftermath of the global pandemic, the hospitality industry has faced a series of financial challenges.

The hospitality sector had to adapt to the changing restrictions, with the proportion of businesses that temporarily closed falling from 81% in the spring 2020 lockdown to 54% in the early 2021 lockdown. Since then, businesses in the hospitality sector have been on a road to financial recovery.

Union Business Finance is dedicated to providing financial solutions for hospitality businesses that are in need of a lift, especially those who are still feeling the negative effects of the pandemic. Our extensive knowledge and experience with assisting clients in the hospitality industry means that our brokers are the ideal finance partners to support your business and find the most suitable solutions tailored to your needs.

What Finance Options Are Available for the Hospitality Industry?

Asset Finance

Hospitality is a fast-paced, competitive industry, where staying ahead of other businesses often requires significant investments in capital assets. However, the upfront costs associated with purchasing or upgrading assets can pose a challenge for many businesses, especially considering the financial burden that the pandemic provided. That's where asset finance solutions come into play, offering flexible and cost-effective ways to acquire the assets needed to thrive.

Whether you're looking to renovate your hotel lobby, upgrade existing kitchen equipment in your restaurant, or implement new, cutting-edge technology solutions to enhance guest services, asset finance provides a viable pathway to realising your vision without depleting your capital reserves. With flexible terms, competitive rates, and streamlined processes, we make it easier than ever for your business to access the assets you need to succeed.

Business Loans

When asset finance is not an option, then our business loans are an ideal way of growing your business. These business loan solutions are designed to empower entrepreneurs and hospitality professionals alike. Whether you're looking to renovate your business property, expand your operations, hire additional staff, or invest in marketing and promotion, our flexible financing options provide the capital you need to seize opportunities and overcome obstacles which many hospitality businesses have experienced recently.

We understand that the hospitality industry is inherently dynamic and seasonal, with fluctuating cash flows and unpredictable demand. Our loan solutions, such as business cash flow loans, are therefore designed to be flexible and adaptable, allowing you to navigate the ups and downs of the market with confidence and ease, dealing with any surprise costs if or when they occur.

What Can You Get Funding For?

Our finance solutions open up a range of doors for hospitality-based necessities, giving you the funds to make the next important step for your business. Whether you're a startup looking to launch your dream venture or an established player seeking to take your business to the next level, these are some of the ways in which our finance solutions can help your business reach its full potential:

Essential Staff and Guest Protection

Our finance solutions are often wisely used to make important protection purchases for your hospitality business. These purchases could include, for example, technology investments such as new CCTV for the safety of your staff and guests, or the purchase of the latest fireproof doors for your kitchens. Investing in the protection of your staff and guests is always a worthy use of money, so consider where this could be best put to use.

Guest Experience Enhancement

Our finance solutions, such as asset finance, can fund initiatives aimed at enhancing the overall guest experience at your hospitality business location, such as upgrading your amenities, offering personalised services, organising special events and activities, or implementing sustainability initiatives. These investments can help secure long-term customer relationships, enhancing your reputation.

Greater Staff Training and Development

Excellent employee training and development is essential for delivering exceptional guest experiences. Our finance solutions can fund training programs, workshops, and certifications for your staff members to enhance their skills and knowledge. Well-trained employees are better equipped to provide a personalised service, handle guest enquiries, and resolve issues effectively.

Improved Marketing and Promotion

Effective marketing and promotion strategies are critical for attracting guests and driving revenue. Our finance solutions can support marketing efforts such as advertising campaigns, social media marketing, website development, and strategic partnerships. Investing in marketing can help your business increase brand awareness, generate bookings, and build customer loyalty.

Upgrade Your Property

Investing in property renovations or expansions can help hospitality businesses attract new guests and retain existing ones. Our finance solutions, such as business loans, can fund projects such as refurbishing guest rooms, updating common areas, adding new amenities, or expanding facilities to accommodate more guests. If you’re looking to acquire an additional restaurant, pub or hotel to expand your chain, for example, business acquisition finance could be suitable for you.

Integrate New Technology

Embracing technology is essential for staying competitive in the hospitality industry. Our finance solutions can fund investments in technology systems and software platforms to streamline operations, enhance guest services, and improve overall efficiency. These could include implementing property management systems, mobile check-in/out solutions, or guest engagement platforms, which contribute to making your business equipped for the future.

What Are the Benefits of Hospitality Finance?

Since the hospitality industry is competitive and fast-paced, our financial loans are important for achieving your business goals and staying ahead of the competition. Benefits of our finance solutions include

Quality improvement
Future marketing opportunities
Competitive advantage
Risk management
Capital investment
Compliance regulation

How it works

Consulting

Let’s talk about where your business is, and where you want it to be.

Pre-underwriting

Send us your supporting financials for us to review, and we’ll get a proposal sent for credit approval.

Paid out

72 hours later, once approved, and signed on the dotted line, funds will be released.

Eligibility requirements

With our seasoned team of account managers, we're able to provide loans that are not just competitive but also bespoke and tailored to your business needs. We consider the challenges that your business and the hospitality industry in general face, as well as your financial history, goals and ambitions.

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Why Union Business Finance?

Union Business Finance is able to offer our clients industry-specific finance options. We work with you to understand every aspect of your business. The importance of the hospitality industry is significant, ensuring that people have the perfect spaces to unwind, dine out and socialise. This is why Union Business Finance is here to support you if you’re in need of some funding options. Whatever your priorities, we’re here to work with you and value the importance of establishing a good relationship while remaining transparent.

We Offer:

Access to a portfolio of funding options from 100+ lenders
More than 10 years of experience
Loans from

£10,000

to over

£5m
5* service every time
Interest rates from as low as

7%

We Provide a Service That Is:

Transparent - Understanding your business values & providing you with the knowledge you need to make the right decision for you
Ethical - We always have the client's best interests in mind
Personable - We focus on building relationships with our clients that are reliable & honest

Our team brings a wide range of experience, thorough knowledge & understanding of the financial climate, in order to help you find the best funding solutions.

Is Your Hospitality Business in Need of a Financial Lift?

At Union Business Finance, we are dedicated to supporting hospitality businesses that are looking for financial solutions to reach their goals and ambitions. If you come under this category, please don’t hesitate to get in touch with us today to discuss your needs.

Give us a call on 01442 617 799
or ping us an email: This email address is being protected from spambots. You need JavaScript enabled to view it.

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Disclaimer

Aintu Ltd T/A Union Business Finance is an independent Asset finance broker not a lender, as such we can introduce you to a wide range of finance providers depending on your requirements and circumstances. We are not independent financial advisors and so are unable to provide you with independent financial advice. Aintu Ltd T/A Union Business Finance will receive payment(s) or other benefit from the finance provider if you decide to enter into an agreement with them. Aintu Ltd T/A Union Business Finance is an appointed representative of AFS Compliance Ltd which is authorised and regulated by the Financial Conduct Authority under number 625035. Aintu Ltd T/A Union Business Finance aims to provide our customers with the highest standards of service. If our service fails to meet your requirements and you would like to report a complaint; please click on the link below;

https://www.afsuk.com/asset-finance-solutions/contact/complaints-procedure/