Small business funding for the hospitality sector is now quicker and easier to access than ever before. Due to alternative financing options, hotel, pub and restaurant owners no longer need to go through lengthy applications with their banks to raise the necessary funding for growth.
Business owners within the hospitality sector are often held back from expanding and growing due to a lack of funding, particularly during seasonal disruptions to trade. A business cash advance provides a quick and simple way of supercharging your business cash flow if you take card payments from your customers regularly, with funds made available in as little as 72 hours. The application is simple; there are no lengthy forms to fill in and you do not need to provide complicated business plans or forecasts.
Perfect for boosting cash flow to kick start growth plans for 2018, buying more stock to take advantage of busy trade periods, or even covering a refurbishment of your pub, hotel or restaurant, a cash advance is deposited quicker than a traditional bank loan and is typically repaid in around six months. There are no fixed monthly costs as repayments are set in line with your daily card turnover. This means when business is good you pay back more and, during quieter times, repayments are scaled down to reflect daily credit and debit card sales.
Taunton pub and restaurant owner, Andrew, says “A cash advance is perfect for my pub. I needed funds quickly and the application process was simple and straightforward. I’m glad I’m not tied in to a long repayment term and I haven’t noticed the repayments.”
Kick start your growth plans with a 10 per cent rate discount on new business cash advances throughout January 2018. To find out more, call 0800 3777 402 or visit www.quickcapital.co.uk/january-sale (offer ends 31st January 2018 – terms and conditions apply).