Like all hotel owners, you know that there are certain things you need to do to keep customers coming through the door and booking your rooms. Renovation, new stock, and new staff can be expensive, however, and a gap in funds can stand in the way of new business and more profits.
You could raise between £3,500 and £500,000, or 75% of your average monthly takings for your hotel. If your monthly takings were £20,000, for example, you would be able to raise £15,000. The criteria for acceptance are straightforward too. You should be approved for a Capify small business loan if you have been operating for a minimum of 9 months, are a limited company, and £7,000 of revenue is processed through your business bank account on a monthly basis.
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