Our merchant cash advances for hotels and B&Bs range from £10,000 to £300,000, depending on the size and needs of your business.
After your application is approved, you’ll receive the entire funding amount as a lump sum into your business bank account for you to use to improve, advertise or operate your business.
To pay back your merchant cash advance, we’ll take a small, agreed upon percentage of your credit and debit card sales every month. There’s no hidden APR or set monthly repayment for you to worry about. This way, you can use your money effective to improve your business, with a percentage-based repayment scheme that’s designed to help you focus on what’s important.
Whether you’ve recently acquired a hotel and need help with day-to-day cash flow or need an injection of capital to renovate your existing property, we’re here to help with flexible funding for your business.
Using our merchant cash advance, you’ll receive between £10,000 and £300,000 to operate and grow your hotel, B&B or other accommodation business. You can use your cash advance to:
Increase your working capital and run your hotel business more efficiently, without any short-term cash flow issues that affect your ability to pay employees, suppliers and other creditors.
Expand your hotel by adding new rooms, building new facilities and other methods of enhancing your property.
Renovate your existing space to improve your hotel or B&B and deliver an enhanced experience for guests.
Improve your hotel or B&B’s amenities by replacing old furniture, upgrading Wi-Fi and making other improvements.
Advertise and market your hotel or B&B to increase brand awareness, attract new customers and generate more revenue.
Explore and take advantage of franchising opportunities to grow and improve your business.
Operating a hotel, B&B or other accommodation business can be a major challenge. Our hotel and B&B funding is designed to help you access the capital you need to operate and grow your business, all without the downsides of a conventional bank loan.
A typical business loan has set, inflexible monthly payments that you need to make for the full loan term, regardless of how well your business is doing.
Add hidden APR and other costs into the equation and even a modest loan can become a big source of frustration for your business, especially in the highly seasonal hotel industry.
Unlike a conventional bank loan, our merchant cash advances for hotels and B&Bs allow you to pay back the amount you borrow with a small, agreed upon percentage of your business’s credit and debit card sales.
This lets you pay back more when your business is doing well, such as during the peak season, all with lower repayments when fewer guests are staying at your property.
Simply put, it’s funding that’s designed with your specific business in mind, letting you focus on what’s most important: accommodating your guests, managing your business and helping your hotel or B&B grow and prosper.
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Cash advances are a common method of borrowing for individuals and for businesses in need of an instant, convenient source of cash flow.