Succeeding as a hotel can be tough especially in these financially difficult times. It is as important now more than ever before to promote and expand your business in order to achieve your desired company goals. With United Kapital’s financial backing, this can be attainable without the need to apply for traditional hotel business loans.
United Kapital work in Manchester, London, Birmingham and cities throughout the UK offering hotels and other small/medium businesses a merchant cash advance. Anywhere up to £150,000 could be available, which can help towards marketing costs, a much needed refurbishment or even the opportunity to open at a new premises.
The repayment of the hotel business cash advance is made through every future credit and debit card transaction which is made by a customer at your business. A small, pre agreed, fixed percentage is deducted from each future card transaction and then this repeats daily until the full cash advance repayment amount is settled in full. This makes it a far more flexible and efficient way of repaying the advance compared to traditional hotel business loans.
You can also keep track of the repayments online where you can view daily statements using United Kapital’s secure merchant log in, accessible 24 hours a day 7 days a week.
It is not just hotels and bed and breakfasts that are eligible for this alternative lending, but any retailer or outlet that processes credit or debit card payment transactions above £3,500 per month. For example, pubs, bars restaurants and shops.
The benefit of this type of alternative lending is that you are not charged any early repayment fees and there is no monthly fixed amount to repay, like traditional business loans. The repayment progress can also be checked regularly using simple, secure online facilities which are accessible any time of day.
