Business Loans for Hotels, B&B's and Guest Houses
Get £3k to £300k in 24 hours*
- Pay back through future card sales
- Unsecured – there’s no worry
- Same day business funding
Quick Decision with No Obligation
Get £3k to £300k in 24 hours*
Quick Decision with No Obligation
If you're a hotel or small independent B&B owner looking for a straightforward business loan that is fast, flexible and works with seasonality fluctuations, look no further! Whether you need the money for refurbishing rooms or just need it for cash flow purposes, we have the hotel finance solution for you.
Unlock funding from £3,000 up to £300,000 against your customer card sales.
Automatically repay a small percentage when customers purchase by card – There are no fixed payments.
The advance is unsecured, so your business assets are safe.
A quick decision and process mean you can access your money in just 24 hours* after approval.
The cost of finance is made clear to you upfront. There are no hidden costs, confusing APR’s or other nasty charges.
Apply at any time - We can process your application 24 hours a day.
Quick Decision with No Obligation
It’s important now more than ever that hotel business owners have access to funding that is easy and straightforward. The hospitality sector is always evolving. It has faced incredible pressures in recent times but has always adapted to overcome these challenges and navigate a way to success.
An increasing number of UK residents are now taking holidays within the British Isles. In fact, research reveals that 72% of people plan on taking a staycation in the UK in 2023, rather than looking overseas, adding £20 billion to the economy.
With this surge in demand for hospitality and tourism, we are ready and able to help inject finance into your hotel business or bed and breakfast, to help you cope with the increase in business.
It has been an era of financial uncertainty, and you may have found it difficult to raise finance or funding for your hotel through conventional channels. You may have already tried your high street bank, but as you would have found out, they have strict lending criteria to access the relevant funding you need. There are, however, alternative hotel finance options available, and our merchant cash advance product is one of them. It is one of the best-placed solutions to help you fund your hotel business.
A business cash advance is an alternative to a traditional business loan. You can borrow up to £300k for any purpose, but instead of fixed monthly repayments, you simply repay every time your customers pay by card. It gives you fast and flexible finance that supports your accommodation business.
For a quote, fill out our simple application form. The funding is available to both small business owners and larger hotel businesses.
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A hotel business loan is a finance solution designed for hotels, bed and breakfasts (B&B's), guest houses, hostels and other types of accommodation businesses in the hospitality sector. Hotel finance can be used for many purposes, from renovations to helping with short term cashflow issues.
A hotel business loan in the form of a business cash advance is unsecured, meaning no assets are secured against the finance. It is a flexible funding solution because you only make repayments as and when you make a sale on your credit card machine or merchant gateway. Typically, you can borrow an amount equal to one month of your card-taking turnover.
Repayments are straightforward too. For example, you take a booking for a stay on your PDQ machine via a debit or credit card transaction. When the sale goes through, a small percentage is deducted from the sale and is repaid back to the lender.
You can even check online to see how much of your loan is left outstanding. Each future card sale takes the same percentage of the sale and repays the lender until the loan is repaid in full. At this point, you have the option to apply for further funds if you feel your business requires more.
Your cash sales are not taken into account. Typically, you can qualify for a merchant cash advance if you turnover more than £3000 on your card machine per month.
There are benefits such as no up-front cost, no hidden charges and no surprises. The application process is easy and can be done online in a matter of minutes.
By using a merchant cash advance to fund your hotel or B&B, the money can be with you in as little as a couple of days from making an application. Quotes are quick to obtain, and approval can be obtained on the same day, with funds available within 24 hours.*
There’s no need to wait around for weeks for finance when you can access between £3,000 and £300,000 almost instantly.
As we’ve already mentioned, a merchant cash advance works alongside your customer debit and credit card sales. Simply agree upon a percentage of the card payments to dedicate to your loan repayments. This will be a percentage that you are comfortable with. The funding is unsecured, which means none of your personal assets are at risk.
It can be inevitable that sometimes in business, you can be faced with a blip against your credit history due to a late payment or two. Some lenders may decline an application for finance based on the credit score. It doesn’t have to be that way. Our merchant cash advance funding can work with all types of credit backgrounds. Enquire today to see if you are eligible.
Apply now and get a quick decision.
We can help all types of accommodation businesses in the UK that accept credit or debit card payments from customers, including:
Unfortunately, we won't be able to help businesses that are not trading yet or have been trading for less than three months.
Refurbishment, development and decorating
When it comes to customer satisfaction, it goes without saying you need to deliver a perfect stay. So, if your rooms are looking shabby and attention to detail is missing, then, unfortunately, your customers will probably let you know via TripAdvisor - and then it’s often too late, and the damage has been done.
Keeping your rooms modern, fresh with all the mod cons is important if you are looking to retain your star rating and positive customer feedback reviews. You may be needing the business funding to renovate the hotel, for exterior or interior extensions, implement new safety measures or just an overall facelift to deliver the image you want to portray.
Developing your hotel restaurant
Maybe you are developing your restaurant capabilities and looking to develop your dining experience. Employing a great chef who can deliver amazing, cost-effective dishes will again help you set the bar for your hotel.
Are you updating your hotel kitchen area?
The funding can be used to modernize and update your kitchen. It can be used to purchase the commercial kitchen appliances and equipment you need to expand your foodservice capability.
Are you developing a spa at your hotel?
We have helped many UK hotels develop their health spa through a business cash advance. By having a fantastic health spa, you can introduce a membership scheme and employ health and beauty professionals to offer your clients more services.
Development finance for a hotel gym
Our finance product has helped many hotels develop gyms and fitness centres for their guests. By having a hotel gym has also given them a separate revenue stream through gym memberships through the local community.
Is your hotel becoming a wedding venue?
Our funding can help with an array of development options, including room conversions, exterior wedding marquees and more. By having a great wedding venue, your business will attract wedding planners, and soon your diary will be full of bookings.
Funding for hotel landscaping
By having stylish, landscaped gardens, your guests will appreciate their stay even more. Not only will it look smart on the outside for your marketing, but it will act as the perfect backdrop if you are improving your hotel as a wedding venue.
Finance for marketing your hotel
Not only is it important to portray the right image of the hotel for visitors, but your online presence and website needs to be matched too. It’s not enough to merely have a website and social accounts sitting dormant. Your website needs to stand out from your competition and, most importantly, convert website visitors to actual hotel visitors. Our business cash advance product can help finance your marketing budget to help you create brilliant websites with online booking, professional photography and help drive your wider marketing plan. Maybe you need new brochures printed and invest in adverts in magazines or newspapers - our funding can help with all your marketing needs.
Employ more staff and build your hotel team
With business growth, you need talent resource. From front-of-house staff to cleaners, bartenders and hotel managers. We have helped many hotels grow their team using our merchant cash advance funding.
Funding for hotel booking systems
Use the funds to update your hotel booking systems. Having an up-to-date system will help your guests book in easily and take the hassle from out-of-date booking techniques.
Some financial solutions require you to submit a business plan, meaning the loan process is long and drawn out. With a merchant cash advance, that’s not the case - you’ll be no doubt happy to hear! We do not require a business plan from you to enable us to make a decision. This will save you time and will speed up the lending process.
Absolutely! If you have your accommodation listed on Airbnb, you can access an advance on these customer bookings.
To find out how much finance you could secure for your business, complete our quick and easy application form. After we’ve got a few basic details from you, we’ll get back to you sharpish with a no-obligation quote.
Quick Decision with No Obligation
"We have helped many small and independent B&Bs, guest houses and hotels across the UK receive funding to grow"
£20+ Million
Total Funded to Businesses
90%
Application Approval Rate
The process is fast, simple and straightforward. It's hassle-free, meaning there's no complicated paperwork to complete so you can focus on growing your business.
Apply online for a cash advance from £3,000 up to £300,000 for any business purpose.
The merchant cash advance can be with you in as little as 24 hours* after approval.
You simply pay back a small percentage of your future card sales as they happen. You only repay when you sell.
Quick Decision with No Obligation
