Finance for Pubs, Hotels & Catering Businesses

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  • Invest in your online experience
  • Cover seasonal cashflow
  • Refurbish your premises
  • Landscaping to boost capacity
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  • Both a lender and broker
  • Hospitality industry finance since 2007
  • Expert personal service
Invest in Staff, Technology & Refurbishments

Hospitality Financing from Portman 

Whether you run a hotel, restaurant, pub or catering business (or all four!), the pandemic is likely to have hit you hard. At the very least, it forced you to pivot and adapt. Fortunately, the time of lockdowns is finally behind us, and the public is flocking to make up for lost time and, now more than ever, get out to see the world. But, you can’t simply go back to pre-covid operations as the market has now changed and what your customers value. If you’re in hospitality, the name of the game for the future is to stay agile. This is also true for restaurants and the wider hospitality industry.

How does it work?

Simple Finance for Pubs, Hotels & Catering Businesses

We know that finance can sometimes be confusing and stressful, but what we do is simple.

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1. Get started in 1 minute.

Enquire without affecting your credit score.

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2. Understanding your business.

A dedicated account manager will discuss your needs and collect documentation.

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3. Our experts do the leg-work.

We find the right deals, complete applications on your behalf and get you a no obligation quote.

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4. Your no-fuss finance is funded.

If accepted, your assets will be bought and delivered or the finance released to your account.

Enquire today
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Plan your hotel finances

Currently, the hospitality sector is recovering from the tumultuous period between 2019 and 2021. However, for some, the pace of the rebound may cause issues. In the wake of the pandemic, we’re seeing nearunprecedented rises in the cost of living. On the one hand, that means more staycations, so a likely win for the sector. On the other, customers may continue behaviours adopted during the lockdown, such as working from home and subscription-based home cooking kits. Hotel finance loans from Portman, like business loans and recovery loans, can be used to bridge cashflow issues during this period of uncertainty. It’s definitely worth speaking to Portman early to understand how and when to activate our facilities, should the need arise.

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Invest in your hospitality team

All hospitality sectors are experiencing staffing shortages, so operators could face issues simply delivering their services even if the customer demand is there. Competition for and retention of staff is critical to maintaining continuity and quality of delivery. Employee training is more important than ever. New and unskilled workers need to be trained quickly and efficiently and across multiple roles as each business diversifies. Customer experience will be a key point of comparison between establishments, and staff will play a key role in delivering that. Portman can support your investment in your staff and their training.

Our team of experts is ready to help

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Invest in technology

Technology can transform operations in both front and back of house. Adoption of cashless/contactless payment technology accelerated dramatically throughout the pandemic. Other systems can be utilised to help optimisation of staffing levels and costs. In back of house, technology can help businesses plan – and therefore buy – further in advance, to ensure best prices and a more secure supply line. All-in-one hospitality management solutions can integrate with your POS, online booking platform and other business systems, streamline your operational efficiency, automate business flows, boost profit margins and enhance customer experience.

Adopt a good CRM system to deepen your knowledge of your customer base and the type of guests you receive. That will help you to invest in the most appropriate facilities and services, so they will choose you, come back again in the future and recommend you to friends and family.

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Be a natural choice for UK travellers

International markets could take longer to bounce back than expected. If that’s the case, it’s essential that you do what you can to attract domestic visitors. That could mean installing electric car charging points, or providing additional facilities for their dogs for example. Finance support from Portman can help you refine your proposition.

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Invest in your communications

As businesses recover, we are all getting used to periodic limitations on services and availability. This might mean reduced opening hours and suspension of some facilities for the hospitality and hotels sector. These actions may be unavoidable, and customers will understand that as long as they are kept informed and updated. Investing in the right apps could help you make better use of limited staff while also improving customer service and maintaining your reputation.

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Hotel Financing for Every Need

At Portman, we can help hospitality businesses of every size and level with hotel financing. Whether you’re a start-up looking to bring your hospitality dream to life or you have older premises needing an upgrade, we can assist you. Find inspiration and more information on how you can use hotel finance to suit your requirements or get in touch for more guidance and expertise.

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Hospitality & Hotel Financing for SMEs

Are you a budding hotelier looking for a way to kickstart your hospitality business? Whether you dream of turning your home into a B&B or want to take the next step and put your hotel name on the map, hotel financing can help you. Start-up finance could be the option you need to invest in the building, equipment and processes you need to make your dream a reality. 

Those already in the hospitality game may seek a cashflow injection to level up their offering and take their business to the next level. This could mean investing in marketing efforts to gain exposure for the existing hotel or refurnishing rooms to bring a new lease of life to the business.

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Growing an Established Hotelier

It’s important to remember that good business strategies do not last forever, and what might have worked previously may not continue to do so forever. If you have found the growth of your hotel business has come to a standstill, or perhaps you’re not filling rooms as quickly as you once did, it may be time to invest some money into the business. 

The expectations for the average consumer have risen in recent years, and a safe and clean room is no longer all it takes. Now visitors to your site expect to enjoy great benefits that make their stays more comfortable, like modern, refurbished rooms, state-of-the-art gym facilities and delicious, high-quality dining options. Of course, additions and upgrades like these cost money, and we can help you with information on asset finance, business loans, and even recovery loans if your business is struggling.

How can we support your Hospitality business

The future is certainly looking brighter, but what a few years it has been. Hospitality venues and hotels should act now though to get a capable and innovative finance partner in place as we head towards what could be a very unpredictable recovery. Successful hospitality and hotel businesses will be those that used finance cleverly during these times, not just to survive, but adapt, pivot and turn adversity into opportunity.

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Hire Purchase

Hire purchase usually involves paying the VAT and a deposit up-front. Fixed monthly repayments are then made, affected by whether you pay off the entire loan over the term or chose a final balloon payment. The final option to purchase is guaranteed for a nominal fee, transferring ownership of the asset to the customer.

Hire purchase is well-suited for situations 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.

Explore Hire Purchase
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Lease Finance

Equipment leasing allows hotels and hospitality businesses to acquire hard or soft assets without the upfront costs associated with large purchases. This could be anything from soft furnishings for a hotel room to new kitchen appliances to prepare high-quality food. 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 highvalue ‘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. All of which are excellent additions to the hospitality and hotel industry.

Explore Lease Finance
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Business Loans

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.

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
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Start Up Loans

New hotel and hospitality businesses often need an injection of finance to get them off the ground. Asset finance for new businesses lets you focus on running your hotel and bringing in customers, confident that you have the equipment and services you need without the large initial outlay.

Using finance for your equipment means that you preserve the credit card or overdraft for contingency and operating expenses when the unexpected happens.

Explore Start Up Loans
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Equipment Refinance

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 you money.

If your business owns high value assets that are not currently on finance, subject to a valuation, 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
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Recovery Loans

Recovery Loans offer an excellent way of ensuring your 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 provides 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

Successful Hospitality businesses protect, invest and evolve.

Unlock your potential with Portman Finance Group.

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