As a hotel owner, you know how important it is to give people what they want. New sheets, decor and services need time and money. A growing economy is not only nurturing your business but others as well, so getting a head start is crucial.
Getting a loan from one of the traditional banks can be stressful, costly, and may end up doing more harm than good. This is why we’ve come up with the new Hotel Business Cash Advance that is meant for small businesses all over the UK.
How much can I borrow?
Backed by the government, our business cash advance system is simple, honest and meant to work with you, not against you. Through a simple application process, you’ll be able to get funding from £500 to £100,000.
All of growwin’s merchant cash advances are unsecured, so you don’t have to worry about your hotel or home taken away when you don’t meet the payments.
How big are the monthly loan payments?
Instead of worrying about those large monthly payments, you’ll be paying back the loan through small daily payments taken from all of your credit or debit card sales. This means that you’ll be paying back the loan as you go and as you can. We know that not all months are the same in the hospitality business, so we’ve designed the product to be flexible just like you.
How can I apply for a business loan?
All you have to do is fill in a short form detailing the state of your business and your income generated through card sales. After we’ve made sure you’re eligible for our merchant cash advance, we’ll agree on a set percentage that will be taken from every card payment done through your machine.
What if I don’t have a PDQ card machine?
Don’t worry, we also provide more traditional business loans that will not require a card machine. The application process is just the same – easy, fast and transparent.
With the economy getting back on its feet, we want to help you do the same and reap as much success from it as possible.