Invest in your site’s health and safety
The pandemic made us much more aware of health and safety, and the camping sector had to adapt quickly. Shared facilities are now needed to accommodate social distancing, washing and cleanliness. New customers expect facilities more akin to holiday cottages, and once that bar has been set, it’s not likely to come down. Holiday park finance could support investment in onsite facilities, helping your guests feel safer, cleaner and better looked after. Better facilities mean better reviews, and better reviews mean more customers and a growing business. It’s not just about site facilities, though. Many campsites stopped taking walk-in bookings. This increased the need for good online booking systems, websites and social media presence – something else you could use finance from Portman for.
Finance your Camping or Glamping Site
With a wider variety of people trying camping and glamping, expectations have risen beyond what hardcore campers were happy with before. Successful camping and glamping sites will be those that make the most of their location and site to deliver not just a nice place to stay, but a full experience. This could include landscaping, planting and leisure facilities. It could also include early adoption of growing trends for en-pitch facilities. These could include en-pitch hot tubs, toilets and stronger wi-fi connectivity for instance. Tailored finance from Portman can be used for all of these investments and more.
Our team of experts is ready to help
Top of the pods
Not everyone is up for the drafty allure of a night under canvas. It’s not that they don’t want to get back to basics, just not that basic. Demand for glamping facilities was rising before anyone heard of COVID, but that trend has only increased. It’s not just about having a warm and cosy place to stay – glampers are looking for somewhere unique to stay (and ideally, something ‘instagrammable’). The great thing is that the math adds up. Glamping pods typically repay their initial investment in just 2-3 years. You can finance or extend a glamping site with support from Portman. All you need to do is decide what you’ll offer: pods, treehouses, yurts, gers, teepees, huts, dugouts, UFOs, helicopters (really!) or double–decker buses. The weirder, the better it seems!
Glamping Finance for Start-Ups and SMEs
Are you a start-up or a new small business built on a passion for camping and the outdoors? We can help you align your facilities and site with your vision with glamping finance. Whether you need a start-up loan to purchase land or asset finance to purchase and build your camping facilities.
Not sure how to get started? 2021 saw a rise in pop-up campsites, continuing a trend that saw numbers double between 2019 and 2020. Pop-ups are a good way for new campsites and glampsites to get started. A business loan through Portman can help you get your first ‘foot in the field’ or take the next step to your establishing your first permanent site.
Grow with Holiday Park Finance
You may have an established holiday park business, but growth and visitor numbers have reached a standstill. In that case, a finance injection into your glamping site may be the perfect solution to get the ball rolling and increase revenue. You can utilise asset finance to improve your site’s facility offering and upgrade the available accommodation types. For many glamping goers, choosing a spot to stay is all about getting the perfect pics for the ‘gram.
Similarly, you can invest in exposure and marketing efforts with the help of a business loan that you can use to outsource paid and organic growth strategies or even hire your own sub-team. With a business loan, it is up to you how you spend the money on your business and where you think the investment will have the most impact.
Hiring purchase may be the best option if you require new equipment or facilities for your holiday park or camping site. We recommend a hire purchase in instances where a company definitely wants to own the item at the end of the term, often where the asset has a significant usable lifespan, a high residual value and will not need to be upgraded. For example, facilities like glamping pods, hot tubs and more. Hire purchase usually involves paying the VAT and a deposit up-front, followed by fixed monthly payments. The final option to purchase is guaranteed for a nominal fee, transferring ownership of the asset to the customer.Explore Hire Purchase
Equipment leasing allows a business to acquire hard or soft assets without the upfront costs associated with large purchases. A lender purchases the item, and the business then leases it through fixed monthly payments over an agreed term.
Typically, asset finance is provided for high–value ‘hard’ assets such as machinery, equipment, or vehicles, but Portman also arranges asset finance for ‘soft’ assets such as IT, fitness, catering, or vending equipment, as well as premises fit-outs, furniture or even air-conditioning. Making it a perfect option for holiday parks needing new IT equipment for the administration and office side of the business or offering a diverse menu and eatery that keeps guests on site.Explore Lease Finance
Business loans are a way of borrowing money, which is repaid in monthly instalments, including interest, over an agreed term. Business loans are a common way to help smooth out cashflow fluctuations and take opportunities where otherwise they could be missed due to a lack of working capital. For example, you may need to grow your on-site team to keep the day-to-day running smoothly but don’t yet have the cash flow to hire new starters without compromising elsewhere.
Business loans can be secured or unsecured. Portman typically provides unsecured loans, which can be more flexible and do not require collateral but are likely to require a personal guarantee. Secured loans are tied to an asset which the lender can claim ownership of if repayments are not made. These may be used in equipment refinance deals.Explore Business Loans
Start Up Loans
New holiday parks or glamping sites often need an injection of finance to get them off the ground. Start-up loans for new businesses allow you to focus on running your site and bringing in customers, confident that you have the facilities, team and equipment you need without the large initial outlay.
Using finance for equipment means preserving the credit card or overdraft for contingency and operating expenses when the unexpected happens.Explore Start Up Loans
If you recently bought a high-value item outright but would now prefer to have financed it, we can help with a sale-and-lease-back agreement. If the item is less than 3m old, give us a copy of the invoice, and we will calculate the current value. After a few checks and acceptance of the term and monthly repayments, we can give you the cash equivalent of the invoice to put back into the business. You’ll then make fixed monthly payments, including interest, whilst your asset earns money.
Suppose your business owns high-value assets that are not currently in finance, subject to a valuation. In that case, it is also possible to use them as security for a loan, with lenders offering a cash loan up to a % of the asset’s value.Explore Refinance
Recovery Loans ensure your glamping or camping business gets back on its feet after the long-term effects of the pandemic and subsequent supply chain disruption. Businesses with turnovers up to £45m, including those who have previously benefited from the government’s CBILS, BBL or RLS, can apply.
Recovery Loans can be used for any legitimate business purpose or simply to provide cash flow. Rates are capped, and the government guarantees 70% of the outstanding balance. This gives added security to lenders who can now consider finance for businesses that may have previously found it difficult to obtain.
Up to £2m can be borrowed on terms from 2 to 6 years. Your personal private residence cannot be taken as security.Explore Recovery Loans
Read our case study below:
As the glamping industry evolved, the business recognised the need to update its offerings to meet the growing demands of modern travellers seeking unique experiences. To stay ahead in a competitive market and adapt to changing customer preferences, the business decided to invest in state-of-the-art glamping pods to elevate the guest experience. The goal was to provide more comfort, convenience, and sustainability while maintaining the essence of an authentic camping adventure…
- Company – Family- run Glamping Business
- Business Type – Holiday Parks & Glamping
- Requirement – Updated pods & lodges to meet demand
- Solution – Lease Finance
Successful Holiday Park businesses protect, invest and evolve.
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