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Business Loans for Restaurants and the Food Service industry

Borrow
 from
£10,000
 to
£5m.
  • Rates from
    7%
  • £0 Deposit
  • Same Day Finance Available
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Owning a restaurant is a dream for many entrepreneurs. It can become a reality and a lucrative one with the right restaurant financing. In fact, in 2021, the food service industry generated £69 billion in the UK.

Union Business Finance provides restaurant loans for businesses planning to expand a restaurant chain, buy a new location and fit it out with asset finance solutions. Whether you want to refurbish your entire cafe or revitalise your restaurant with new equipment, our financing is tailored to your business.

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Please note this is not a quotation for finance, this is for illustrative purposes only. The figures are available to UK incorporated businesses only. The value provided is intended as a guide only. For an accurate quotation please contact us.

The food service and hospitality industry has been the most turbulent industry in the UK in recent years, however, since the pandemic the industry has grown and is expected to fully recover by 2024. Our financing can help your first foray into the industry or further develop your business to more locations.

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What finance options are available for restaurants?

There are a number of funding options for restaurants depending on your requirements.

Asset finance

The hospitality industry experiences traffic in a way that most other industries rarely encounter. There is a constant flow of customers coming through the door, eating, drinking and socialising. This combination can lead to damaged or worn furniture and the constant use of the kitchen could lead to malfunctioning equipment. Asset financing helps replace new furniture and equipment to retain a fresh, clean and fully functional restaurant.
Asset Finance Solutions

Business loans

Union Business Finance can provide the right business loan for your restaurant. We consider all of your requirements and recommend what type of loan will work best for you. Restaurant loans are more flexible than asset financing in terms of what you can use them for, so they are ideal for training staff or applying for licences.

You can use business loans for:

  • Cash flow issues

  • New marketing campaigns

  • Recruitment

  • Chef training

  • Front-of-house training

  • Refurbishments

  • Restaurant cutlery

Business Loan Options

A perfect dining experience

A good restaurant creates an environment that customers want to come back to, which includes the full dining experience. Restaurant equipment finance can help with fitting out your kitchen or upgrading your dining room for the perfect atmosphere.

This could include:

  • Decoration of the dining room

  • Expansion of the dining room

  • Fit out of the kitchen

  • Ventilation

  • Food prep areas

  • Safety equipment, i.e. fireproofing

  • Point of sale (POS) systems

Open kitchen restaurant with chefs working

What kitchen equipment can you get finance for?

A restaurant requires commercial kitchen equipment. Commercial kitchen equipment is more expensive than standard kitchen equipment and it is designed to work in a more intense environment than a home kitchen. Asset financing can help your restaurant purchase individual kitchen equipment or refit your entire kitchen. We offer financing for commercial kitchen appliances, such as:
  • Refrigerators
  • Freezers
  • Cookers
  • Ovens
  • Ventilation
  • Dishwashers
  • Sinks
  • Small appliances
  • Food preparation areas
  • Shelving
  • Kitchen display system (KDS)
  • Safety equipment
Fully equiped restaurant kitchen

What dining room equipment do you need?

Restaurant financing can help transform your restaurant dining room into a place where customers want to return time and time again. It can support your businesses purchase of items such as:
  • Tables
  • Chairs
  • Tablecloths or placemats
  • Dinnerware
  • Glassware
  • Storage
  • A bar area
  • Host stands
  • Carpet and rugs
  • Upholstery
  • Displays
  • Point of sale (POS) systems
  • Wall decorations
  • Plants

Basic business costs for a restaurant

A business loan from Union Business Finance can help you manage the costs of running your restaurant. The basic business costs of running a restaurant, cafe or pub need to be managed correctly to assist with growth and when it comes to insurance, protecting your business from accidents, sickness or broken equipment is imperative.

  1. Insurance

    Business insurance is critical for the operation of your restaurant. It will protect your business in the event of an accident involving the public or if your equipment breaks.

    • Public liability insurance
    • Employers liability insurance
    • Business equipment insurance

  2. Premises

    Your restaurant premises needs to be ready for all your customers. It needs to be in a good location, look inviting and be fully stocked with food and ready to operate at peak capacity.

    • Restaurant lease
    • Refurbishing the restaurant
    • Purchasing of kitchen equipment
    • Food and beverage stock

  3. Staff

    Restaurant staff need to act and look the part. Even if you opt to recruit experienced staff, they need training and new uniforms to greet your guests.

    • Recruitment
    • Training
    • Uniforms

  4. Marketing

    An incredible looking restaurant still needs customers, so how do you get them? With a great marketing campaign! Make sure you get good marketing which can come at a cost.

    • Branding, advertising and marketing
    • Website build, development and design costs

  5. Technology

    A restaurant needs technology to ensure a smooth flow of service between the customers, waiters, bar staff and kitchen staff.

    • Table booking software
    • Telephone
    • Payment systems, card terminal providers

Case Studies

Three types of burgers arranged on a wooden table, highlighting their diverse toppings and flavors.

Bun Squad

How UBF Helped An American Diner Keep Their Cool - and Their Business Running.

Client: Bun Squad Ltd
Business Type: Restaurant.
Location: High Wycombe, Buckinghamshire.
Funding Need: New Refrigeration Equipment.
Solution: Asset Finance  - Equipment Finance spread over 36 months.

View case study

    How to apply for a restaurant loan

    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

    Union Business Finance can Offer highly competitive and flexible loans for your business. We take the nature of your of your business into consideration, along with your history and future Goals to tailor our service to you.
    Get started

    Why Union Business Finance?

    Union Business Finance is able to offer industry-specific finance options. We understand every business is unique and we strive to establish long-lasting relationships with business owners across all industry sectors.

    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 offer a service that is:

    • Transparent - Adhering to compliances integral to our brand & providing well-informed advice to clients

    • Ethical - We strive to do right by clients & help them find the right financial product

    • Personable - We focus on building relationships with our clients that last a lifetime

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

    Ready to get started? Let’s do it!

    Contact us using the form below

    Learn more about how Union Business Finance could help you secure the right funding for your business.
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