Hospitality businesses are facing an increasing number of hurdles on the way to growth and success. Common obstacles such as raising capital, managing stock levels, and maintaining healthy cash flow through seasonal disruptions to trade are just some of the hurdles business owners are facing, stopping them in their tracks and halting growth.
With cash flow identified as the single biggest challenge, nearly a third of business owners are losing sleep over it and admit this damages the development of their business. The hospitality sector can also expect to see a rise in business rates this year and the impact of these extra costs could drain growth for hotels, pubs and restaurants.
A business cash advance can help you to overcome these obstacles by giving you access to a lump sum of up to £300,000 to finance growth, boost cash flow, manage stock or cover unexpected expenses. The application is completed in minutes over the phone with a decision the same day, and repayments are linked to your card sales so that you only pay back when you earn from your customers.
There’s no need to sit around waiting for a small business loan or use personal funding to expand your business. With Quick Capital, access to cash when you need it is quick, simple and flexible.
To find out more about how a cash advance can help your business grow, call 0800 3777 402 or visit www.quickcapital.co.uk