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Business loans for cafés

Looking to grow your business? Or just need a little extra working capital to keep your business moving? 

Our small business loans are available between £5,000 – £500,000 for almost any purpose.

We’re not a bank. Our lending criteria is different, and we look at more than just your credit profile.

Check your eligibility online in just two minutes, with no impact on your credit score, and you could receive your funds in as little as 24 hours.

How does the business loan work?

Unlike a traditional loan, Capify’s is paid back in very small amounts regularly. The repayments are completely automated so you don’t need to do anything. Many business owners love our regular payments, because they don’t have to save a large amount by a fixed date each month.

To be eligible for a business loan, you'll need to:

The benefits of a Capify business loan

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

Want to invest in an even better coffee machine, renovate your kitchen, or become famous for the best breakfast in town? You’ll need extra cash to make it happen.

Your café or coffee shop’s menu, TripAdvisor reviews, and friendly staff make it what it is. Plus, you’ve worked hard on it, so it makes sense that you’d choose a loan company that understands your business and its challenges.

Capify’s finance is simple, with easy repayments. Payments will go up or down depending on how much cash comes into your business, helping you raise finance and run your business successfully.

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The latest café and coffee shop industry stats

We’re known as a nation of tea drinkers, but that doesn’t mean we don’t love our lattes just as much. This is what the café and coffee shop industry currently looks like.

  • The UK coffee shop market grew by 7.3% in 2017.
  • 81% of us go out for coffee once a week, spending £9.6 billion in 2018.
  • Top 4 reasons for visiting a specific café – easy location, great coffee, loyalty cards, and habit.
  • According to 2017 figures, Costa’s sales growth has slowed down because more people are interested in artisan coffee sellers and independent cafés.

Who are café loans for? You!

Any kind of café or coffee shop could do great things with a small business loan. An injection of cash can help artisan coffee roasters, sandwich shops, cute and cosy cafes, afternoon tea hotspots, and more!

Most importantly, a loan would suit a business that has big plans. That includes setting up a catering service, buying new kitchen equipment, renovation, or even just new tables and chairs.

Get more 5-star reviews

Your café needs to stand out, whether you’re appealing to locals, tourists, or both. TripAdvisor has an amazing 490 million monthly users, and they’re all keen to read and share what they think about businesses just like yours.

Whatever you’re picturing – ‘Best Coffee’ awards, a diary full of events to host and cater for, or a

Stunning new decor – a café loan can help make it happen, and give people loads of reasons to write glowing reviews.

Different types of café finance

Capify provides business loans and finance options to help you fill up your tables.

This type of loan is secured against something valuable you own. It might be a vehicle, property, or some equipment. If you can’t make repayments, this will cover the costs instead.

An unsecured business loan is the opposite of a secured loan. You don’t have to put anything down as security.

The Merchant Cash Advance is perfect for cafés like yours. Your business will repay the cash through a small percentage of customers’ card payments. It all happens before the cash even lands in your business bank account, so you won’t even notice the payments coming out.

There are other options too. Some café owners could apply for government grants, use an overdraft, credit cards, or asset finance. Some sources of finance are more expensive than others, so always check the interest rate and payment terms first.

How cafés can use their extra cash

What’s your main focus for this year and next? Maybe you want to start catering big events, finessing your cake menu, or just speed up all the day-to-day management stuff.

More efficient kitchen equipment

Invest in newer, faster food preparation tech. You’ll be able to introduce new menu items, serve customers faster, and even reduce energy costs.

Furniture and redecoration

Style and decor can be just as important as the food you serve. Make it cosy, simple, modern, industrial – whatever you want! You could even create more space for customers, or switch up the ordering system.

Stock and ingredients

Supplies make the wheels of your business go round. Keep it sustainable, source from the industry’s best, or even go exotic.

Advertising & marketing

Get in front of more morning commuters, post-school run parents, and people looking for that mid-afternoon pick-me-up.

Business finance can put more cash into your business, creating opportunities to impress your customers and helping to spread the word online and offline.

Getting your coffee shop ready for funding

Before you apply for a business loan, there are a few things to sort out.

Decide what you’re going to spend it on. Have a plan! It’ll help you borrow the right amount.

Check your credit rating. The better it is, the more likely you are to be approved. That doesn’t mean there aren’t options for businesses with less-than-ideal credit. Talk to Capify for more info.

Get all your paperwork in order. Make sure you’ve got the right documents.

Choose a lender you want to work with. Different finance providers have different approaches. Go with a company you trust and can rely on.

Fixed and flexible payment options

Want to know exactly what your repayments are going to be? Or do you fancy a more flexible approach?

Flexible repayments can be easier for café owners to manage because they change as your business earns more or less.

If some weeks are slower than others, flexible finance will mean you repay less during the quiet periods and more when you can afford it.

Loans for cafés and coffee shops with poor credit

Capify’s small business loan suits businesses with all kinds of credit scores. If you’ve missed a few payments in the past, it doesn’t have to affect your chances of getting a business loan in the future.

Get in touch to find out how much you could raise.

In a hurry? Get fast finance

Already chosen the new coffee machine? Capify can often get your cash within days of applying, so you can start making changes ASAP.

The process is fast, simple, and easy. You’ll talk to the same adviser throughout, who can answer all your questions, and keep you updated until you get your cash. Simple! 

Short term and long term finance for cafés

Do you want to pay your business loan off as soon as you can, or are you happier with a long-term arrangement?

If your business is seasonal, you might find a short term loan more manageable. You’ll be able to get the repayments out of the way during the busiest times of year, and keep the slower periods nice and debt-free!

Raise £3,500 to over £500,000 for your business. Find out how much cash your café or coffee shop can raise with Capify.

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