What is pub funding?
Pub funding is the go to solution specifically for pub owners, in short Business Loans for Pubs in the UK that are usually repaid with interest in monthly instalments over a pre-agreed amount of time, i.e. 12 OR 23 months max. There are many different funding options available for pub owners from loans, cash advances and if needed commercial mortgages and.
Pub Loans in the UK:
What are your options as a publican, let’s outline a few things you should consider.
Pub or bar business loans
With a standard Business Loans for Pubs in the UK you can access up to £500,000 for a pub business loan. With a pub loan you will receive your loan amount as a one off lump sum which is repaid with interest on a monthly or weekly basis. UK Pub loans can be either secured or unsecured, but most lenders offer them unsecured with the owner giving a personal guarantee for security. You don’t have to put up collateral such as assets which also speeds up the loan approval process.
merchant cash advance for UK Pubs
Some owners/managers don’t like monthly repayments, a merchant cash advance might be a better Funding Option for you than a pub small business loan. Merchant cash advance funding is perfect if your business is seasonal as you repay a percentage of your card sales each month. So in a month when your business is booming you could repay more of your advance, if your business is a little slower another month, you could pay less. At Quick Business Loans we have experience and give you options so you can access up to £300,000 with a merchant cash advance.
UK Pub Commercial mortgages
If you’re looking to purchase a new pub or entertainment location or purchase a pub you currently rent, one of our specially selected Commercial Mortgages could help you do that. At Quick Business Loans we can help you access a commercial mortgage from just £100,000 up to £10 million. However, bear in mind that lenders will expect a 25% deposit minimum to secure a UK Pub commercial mortgage.
Bridging Loans & finance for UK Pubs & Clubs
Using Bridging Loan to raise finance between purchasing a property and setting up a mortgage is a serious matter and real homework should be done to make sure the interest rates are affordable. Your mortgage could take weeks to arrange and if you want to move quickly on a purchase your going to need access to funding quickly. Bridging loans are complicated, at Quick Business Loans we have a proven track record of arranging Bridging loans & finance for UK Pub owners.
Check your eligibility for pub funding
Checking won’t affect your credit score
What can I use my pub business loan for?
Running a pub or a bar can be a challenge seasonally, you might find a pub loan can help put life back into your business and generate footfall in the quieter times. You can invest your new cash injection however you see fit to grow your business, from hiring seasonal staff to stocking up on inventory to purchasing new equipment or simply renovating your existing premises.
What are the benefits of UK pub business loans?
Like any small business loan or funding, a UK pub loan can be quick to arrange. Sometimes Same day also can have the cash in your bank account within a matter of hours after sign of! Some UK Pub loans or funding happen same day. Having access to up £500,00 of working capital can help you develop your Pub and stand out in what has become a crowded market.
As a UK pub owner, you’ll already know how hard it can be to maintain a healthy cash flow, you might have reliable custom with brisk business Accessing a Business Loans for Pubs in the UK can put your mind at ease.
How can I apply for Business Loans for Pubs in the UK?
You can apply for a pub or bar loan directly with us here at Quick Business Loans via this link Apply now
To get a Business Loans for Pubs in the UK you will have been trading in the UK for at least 1 year and able to supply 6 months bank statements showing at least £1000 in the account at the end of each days trading.
Check your eligibility for a pub small business loan
Checking won’t affect your credit score
Applying for Funding & the different types of pub ownership?
Freehold Ownership
If you have access to Quick funding options that enable you to buy the pub then this option gives you the most flexibility to move quickly. If you have the funds in full to buy outright, then great, but most public house owners will purchase their freehold pub with a commercial mortgage or other financing option. At Quick Business Loans we have access to over 120 lenders waiting to quote!
Lease or tenancy
Both these options are similar, although the main difference is that tenancies aren’t transferable, whereas leases are. With both options, you will never own the pub outright. With a lease agreement, you run the pub for a lease fee over an agreed period of time. With a tenancy, you pay rent monthly or quarterly and run the pub as you would a freehold
Tied ownership
If you’re new to the pub industry this could be a good option for you. It’s a relatively low £££ barrier to entry, but the company that owns the pub would dictate which stock you sell, how you pay and how you run the pub – all this means less decision making on your part, but also a lot less control over how you run the business.
How to buy the pub of your dreams!
You can use a business loan especially designed for Pub purchases, or a commercial mortgage or bridging loan to buy the pub or bar of your dreams. Which financial option is best for you depends on a few factors, namely how you want to repay your finance and at what rate. If you have collateral to put down towards the purchase then a business loans for your Pub might be the one.
Where mortgages can be repaid over a longer period of time, business loans are usually repaid in a much shorter period of time between one and five years. With business loans your monthly outgoings will be much higher than with a mortgage which would be spread over a longer period of say 20 Years.
Before you even start looking for a pub to purchase, you should research your finance options. Call us at Quick Business Loans see what kind of amount you could borrow we’d take the time to make sure you understand the different loans on offer and which options would suit your needs.
Get started today to see what funding options you can access.
Would I be eligible for a pub mortgage?
To secure a pub mortgage it’ll depend on a number of factors including:
- The loan to value (LTV) rate you require, what the properties worth and what you need to borrow.
- Your credit rating, missed payments and CCJ’s might pose an issue but mortgages are more about affordability not credit history.
- The pub’s location and viability for sustained business and further growth.
- Do yiou have relevant experience in the pub sector, mortgage companies loan to people so competency in trade would be an advantage.
The best way to find out if you’re eligible for a pub mortgage is to get a quote. This won’t affect your credit score and it’s a completely free service.
Why choose Quick Business Loans to arrange a pub loan?
Quick Business Loans is an online loan broker, which means our loan comparison service is completely free and independant meaning we can source the best loan for your Pub. We work alongside a panel of UK lenders to help customers like you access the best possible financial products to make their vision reality..
We do all the legwork for you; all you need to do is fill in a short quote form to get the process started. We’ll match you with the best lenders – Why wait APPLY NOW