Everything a small business needs to know about raising finance and paying it back

Want to invest in your experimental cocktail menu, decor, or front of house team? You’ll need extra cash to make it happen. Your bar’s atmosphere, TripAdvisor reviews, and locally famous events make it what it is. If you want to raise finance, it’s important to choose a loan company that understands your industry. Capify’s bar business finance is simple, with really easy payments. Repayments will go up or down as cash comes into your restaurant, helping you to afford repayments whether you’re busy or a bit on the quiet side.
The latest bar industry stats
The latest bar industry stats

Bars and nightlife are always changing. Over the last couple of years we saw more jobs, a bigger interest in ‘experiential’ venues, and an increase in spending at the bar.

 

Who are bar loans for? You!
Who are bar loans for? You!

Any bar could do amazing things with a small business loan, whether they’re a popular budget spot for students, a niche music venue, or an uber fancy wine cellar.

Most importantly, a bar loan would suit a business that has big plans for its future. That includes everything from shiny new glassware, tables, and chairs, to smarter point of sale tech and training for your staff.

Impress even more customers
Impress even more customers

Your bar needs to stand out for all the right reasons. TripAdvisor has a massive 490 million monthly users all over the world, and they’re all keen to read and share what they think about bars just like yours.

Whatever you’re picturing – sold out events, a super fast drinks ordering system, or the most unusual cocktail ingredients money can buy – a bar loan can help make it happen, and give customers loads of reasons to recommend you.

Different types of bar finance
Different types of bar finance

Capify provides business loans and finance options to help jazz up your bar business.

Secured business loans
This loan is secured against a vehicle, property, or piece of equipment. If you can’t make repayments, the loan company will take this to cover costs.

Unsecured business loans
An unsecured business loan is the opposite of a secured loan. You don’t have to put any of your own stuff down to get the cash.

Merchant Cash Advance
The Merchant Cash Advance is perfect for service businesses like your bar. You’ll get a lump sum of cash, then repay it through a small percentage of your card payments. This is taken before the cash lands in your account, so you won’t even notice the payments coming out.

There are other options available too. Some bars can get government grants, use their overdraft, or apply for credit cards and asset finance. This can be pricey though, so always look around for a good deal before you decide.

Calculate how much cash your bar could raise
Calculate how much cash your bar could raise

Find out how much you could raise and how long it would take to pay it back.

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£
£5,000 £250,000
+/-
1month
+/- 1 Month(s) +/- 12 Month(s)

£9,999.99

£9,999.99

£9,999.99

£9,999.99

How your bar can use finance
How your bar can use finance

What are your big priorities for the next few years? Maybe you want to become a destination for wine lovers, host big events, or just make the day-to-day stuff faster and simpler.

New furniture and renovation
Style and decor can be just as important as the drinks menu. Make it cosy, Instagram-ready, luxurious, themed – whatever you want!

Super smart tech
Every business has admin to do. Invest in the right tools and software and you could make stock management, orders, and digital marketing much easier.

Stock and inventory
Your choice of beers, spirits and wines are everything. Keep it diverse and source from the industry’s best.

Events and occasions
Weddings, parties, gigs, and other events can be really profitable for your bar. Funding can help you create a versatile space that’s ready for hire.

Business finance can put essential cash into your bar, helping you buy day-to-day stuff as well as invest in big changes.

Getting your bar ready for funding
Getting your bar ready for funding

Before you apply for a bar business loan, there are a few things to get sorted.

Decide what you’re going to spend it on. This helps you borrow the right amount.

Check your credit rating. The higher it is, the easier it should be to get approval.

Get all your paperwork in order. This helps to prove turnover, ownership, your address, and other important stuff.

Choose a company you want to work with. Make sure you can chat to them easily and will have support throughout. A personal touch is important.

Fixed and flexible payment options
Fixed and flexible payment options

Want predictable, regular payments? Or does the idea of a fixed monthly bill seem unaffordable?

Flexible repayments can be easier for bar owners to manage because they’re often running a seasonal business. Your payments will change as your business earns more or less.

If Christmas means jam-packed parties and bookings, but Dry January is really slow, flexible finance means you repay less during those quiet periods and more while you’re busy.

Loans for bars with poor credit
Loans for bars with poor credit

Capify’s small business loan can work for bars with all kinds of credit histories. It’s easy to find out if you’ll be eligible for a loan from Capify, even if you’ve missed a few payments in the past.

Find out how much cash you could raise.

In a hurry? Get fast finance
In a hurry? Get fast finance

Already chosen the new paint colours? Capify can often get you your cash within days of applying, so there’s no need to hang around.

The process is simple and straightforward. It’s done mainly over the phone with the same adviser throughout. They’ll take you through the process from that first chat to getting your cash in the bank!

Short term and long term finance for bars
Short term and long term finance for bars

How long you spend paying off your loan depends on how seasonal your business is. With a short term Capify loan or Merchant Cash Advance, you could get repayments out of the way during the busiest times of the year, leaving the quiet periods nice and debt-free.

Raise £3,500 to over £150,000 for your bar
Raise £3,500 to over £150,000 for your bar

Find out how much cash your business could raise with Capify.

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