In recent times, restaurant business loans have been difficult to come by as banks are less inclined to lend in the traditional sense and interest rates on these types of loans are increasing.
United Kapital offer alterative business loan solutions to restaurants and other outlets across the UK with high approval rates and a quick and easy application process.
The merchant cash advance that United Kapital offer is not a traditional business loan. United Kapital offer an advance on the future credit and debit card transactions which you process from your customers at your restaurant or business outlet.
As long as you process more than £3,500 per month on credit and debit card payments, United Kapital can advance you a cash sum and then receive the repayment of this by agreeing a fixed percentage deduction of your future credit/debit transactions.
This process is repeated daily until the full amount of the cash advance repayment is paid off in full, making this an excellent alternative to a traditional restaurant business loan, as well as being a more efficient and flexible finance option for businesses.
Our restaurant clients in Manchester, Birmingham, London and across the UK, have used this valuable advance to refurbish their premises, relocate stores or open a second location. Other clients use the finance for marketing or advertising purposes. The advance can be anything from £3,500 to £150,000 depending on the client's requirements and their restaurants average monthly card payments volume.
