365 Business Finance offers unsecured cash advances for UK restaurants with no fixed terms, hidden APR or fixed monthly payments, letting you focus on running and expanding your business.
A small percentage of your monthly debit and credit card transactions is used to repay your merchant cash advance. When your sales are down, your monthly payment goes down too, letting you avoid having to worry about cash flow constraints.
Our finance is designed for restaurants of all types and sizes, from local eateries to fast-growing restaurant brands. Depending on your specific needs, you can use your merchant cash advance for:
The restaurant industry is fiercely competitive. With the right funding partner, you’ll be able to get your restaurant started on the right foot, connect with your target customers and expand your business without any funding constraints.
Instead of offering a traditional bank loan, in which you pay back a specific amount every month, our restaurant funding allows you pay back your cash advance using a small percentage of your credit and debit card sales.
This means you don’t need to worry about things like fixed terms, hidden ARP or fixed monthly repayments. Instead, you can focus on using your funding effectively to run, develop and expand your restaurant business.
You’ll start by choosing the amount you’d like to borrow. We offer capital injections of between £5,000 and £200,000 in unsecured, business funding for UK restaurants and other food service businesses.
To qualify for a cash advance, your business will need to have been trading for six months or longer and process at least £5,000 in monthly credit and/or debit card sales. After submitting your application, your dedicated funding advisor will help you through the process.
Once approved, we will deposit a lump sum directly into your business bank account. After receiving your cash advance, a small percentage of your monthly credit and debit card sales will be used to repay your funding until the cash advance is repaid in full.
As we only take a fixed small percentage of your credit and debit card sales, you’ll be able to pay back more in the busier months and make lower payments when sales are down.
Revenue is consistently increasing every quarter and your customers keep coming back. What should you do next?
We've seen a growing trend in the use of merchant cash advances by independent restaurants as a means to keep ahead of the competition and grow their business.
Barbers, beauty salons, vape stores, cafes and tearooms, along with restaurants and bars are the fastest growing retail sectors in the UK.