Businesses in the hospitality sector commonly find it difficult to access commercial finance. Why is this? Well, to begin with, traditional banks and alternative lenders will ask for past and future business performance reviews.

This is so the bank or alternative finance provider can gauge how much they can lend to the hospitality business. The business finance options can be a business loan or merchant cash advance facility.

Bars, restaurants, and hotels can operate seasonally. Therefore, this fluctuation in revenue can make it less attractive to lenders and difficult to secure a business loan. Dealing with the general public, a business loan through a card terminal can be a great option.

Pinnacle Business Finance in Bristol will look at all the information for you. Commonly the finance broker will review bank statements, annual accounts, and any cash-flow forecasts you have. From this, we can build a suitable loan amount for you.

We know that when running a hospitality business, time really is money – and often in short supply. That’s why we source the quickest and simplest business loans for you. We’ll listen to your needs and find the best short-term business loan available, saving you time and money in the process. Whatever your circumstances are, however unique or specific, we are confident that we can source and secure you the very best loan.

Useful Tips and Tricks to Run the Best Hotel Business

Get your hospitality ready to raise finance.

• Know your hotel competition
• Become a hotel and hospitality expert through market research
• Have a solid business plan and know your target market
• Choose a suitable and desirable location for the business
• Draw up a list of costs and projections