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

Want to invest in your a la carte menu, kitchen equipment, and front of house team? You’ll need extra cash to make it happen. Your restaurant’s atmosphere, TripAdvisor reviews, and friendly staff make it what it is. You’ve built it all yourself, so it makes sense that you’d want to work with a loan company that knows exactly what you need. Capify’s restaurant finance is simple, with easy payments. Repayments will go up or down depending on how much cash comes into your restaurant, helping you keep cash flowing through your business.
The latest restaurant industry stats
The latest restaurant industry stats

The restaurant trade changes every year. New technology and trends emerge all the time, and different age groups always want different things. Here’s what our current tastes can tell us about the industry.

 

  • The UK restaurant trade was worth £20m in 2017 (that’s 4.3% better than 2016).
  • London doesn’t top the restaurant charts! Coventry, Edinburgh, Sunderland and York were the most profitable cities between 2013 and 2015.
  • We eat out at restaurants twice a week on average, spending £44-£88.
  • Under-35s are the audience to advertise to. They visit restaurants more than any other age group.
Who are restaurant loans for? You!
Who are restaurant loans for? You!

Any kind of restaurant could do brilliant things with a small business loan. Loans for restaurants can work for uber-posh fine dining institutions, locally famous bistros, fast casual restaurants, and more.

Most importantly, a restaurant loan would suit a business that has big plans. That includes shiny new tableware, more efficient tech, training for your staff, or even just a new colour scheme.

Get more bookings and 5-star reviews
Get more bookings and 5-star reviews

Your restaurant needs to stand out. TripAdvisor has an eye-watering 490 million monthly users all over the world, and they’re all keen to read and share what they think about restaurants just like yours.

 

Whatever you’re picturing – a wall full of local food awards, a super fast food ordering system, or the freshest ingredients money can buy – a restaurant loan can help make it happen, and give diners loads of reasons to recommend.

Different types of restaurant finance
Different types of restaurant finance

Capify provides business loans and financing options to help jazz up your restaurant business.

Secured business loans
This type of loan is secured against something you own. It could be a vehicle, property, or equipment. If you can’t make repayments, this will be taken to cover the costs instead.

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 restaurants. Your business will get a lump sum of cash, and then repay it through a small percentage of your customers’ card payments. Basically, you won’t notice the payments coming out at all.

There are other options too. Some restaurant owners can get government grants, use an overdraft, credit cards, or asset finance. Some are more expensive than others though, so always look around for the best deal before you commit!

Calculate how much cash your restaurant could raise
Calculate how much cash your restaurant could raise

 

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

 

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

£9,999.99

£9,999.99

£9,999.99

£9,999.99

How restaurant businesses can use their finance
How restaurant businesses can use their finance

What are your main priorities for this year and next? Maybe you want to become a destination for sustainable ingredients, serve the best burgers in town, or just make all the logistical stuff faster and easier.
More efficient kitchen equipment
Invest in newer, faster kitchen tech. You’ll be able to introduce new menu items, get dishes out to customers faster, and even cut down on energy costs.
Furniture and redecoration
Style and decor can be just as important as the food you serve. Make it cosy, Instagram-ready, luxurious, modern, industrial – whatever you want!
Stock and ingredients
Ingredients are everything. Keep it local, source from the industry’s best, or even grow your own.
Training and education
Knowledge is always power, no matter what industry you’re in. Education and training can help you and your team become a lean, mean, food-serving machine!
Business finance can help inject essential cash into your restaurant, giving you the freedom to buy day-to-day stuff as well as fund big changes.

Getting your restaurant business ready for funding
Getting your restaurant business ready for funding

Before you apply for a restaurant business loan, there are a few things to tick off.
Decide what you’re going to spend it on. Have a plan!
Check your credit rating. The better it is, the more likely you are to be approved.
Get all your paperwork in order. Make sure you’ve got the documents you need.
Choose a company you want to work with. Different finance providers have different approaches. Go with a company you can rely on and talk to easily.

Fixed and flexible payment options
Fixed and flexible payment options

Want to know exactly what your regular payments will be? Or does the thought of a big monthly payment make it seem too expensive?

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

If Christmas means jam-packed parties and bookings, but January and February are slow, flexible finance will mean you repay less during those quiet periods and more when you’re busy.

Loans for restaurants with poor credit
Loans for restaurants with poor credit

Capify’s small business loan can work for restaurant businesses with all kinds of credit profiles. It’s difficult to be perfectly on time all the time, but it is easy to find out if you’ll be eligible for a loan from Capify.
Get in touch to find out how much £££ you could raise.

Restaurant in a hurry? Get fast finance
Restaurant in a hurry? Get fast finance

Already chosen the new chairs and tables? Capify can usually get your cash within days of applying, so you can get going as soon as possible.
We keep the process simple and easy. It’s done mainly over the phone with the same person throughout. You can ask them as many questions as you want, and they’ll keep you in the loop from that first chat to getting your cash. Easy peasy!

Short term and long term finance for restaurants
Short term and long term finance for restaurants

Do you want to pay your business loan off ASAP, or are you okay to repay over a few months or even years?
Just like flexible and fixed payments, this all depends on how seasonal your restaurant is too. With a short term loan, you could get the repayments out of the way during the busiest months of the year, and keep the slower weeks as debt-free as you can.

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

Find out how much cash your restaurant can raise with Capify.

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