Hotel business finance can be difficult to come by particularly when applying for a traditional bank loan for your hotel, B&B or Guest House. However, a new type of lending has been developed with high approval rates which United Kapital is proud to offer.
The new type of lending is not a bank loan, it is called a Merchant Cash Advance. It is a cash advance on future sales made from credit and debit card transactions you take from your customers, and is repaid using a fixed percentage of each one of these future sales. This makes it ideal not just for hotels but for bars, restaurants, shops and any retailer who processes credit and debit card transactions above an average of £3,500 per month.
The valuable cash advance can be used for obtaining various business goals such as refurbishing a premises or training and hiring new staff. Some hotels like to use the cash advance to invest in some marketing or advertising to help expand and promote the business further.
Applying for this unique hotel business finance is also easy as this can be done online and a decision is made quickly and efficiently. Many hotels in the UK including Manchester, Birmingham and London have benefitted from having the cash advance in their bank accounts within just fourteen days of applying for the advance. Repayments can be tracked online daily with United Kapital’s secure customer account log in available 24/7, making this type of lending easy to track and a refreshing approach to business finance