We specialise in sourcing unsecured loans for hotels in Newcastle who leasehold or have no collateral. Get in touch today to see how we can help.
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Running a hotel is difficult enough, we will make things as easy as possible by handling the application process, so there’s no need for extensive phone calls or confusing jargon.
With an unsecured business loan there’s no need to list your assets as security, meaning leasehold businesses or clients with little to no collateral can get the funding they need quickly.
Finance for Hotels Newcastle
We’ve amassed a wide range of lenders who offer finance for hotels in Newcastle and the rest of the UK. Whether you need to launch a marketing campaign or invest in new equipment to evolve your business, we can get you the funds you need and find a loan repayment schedule that works for you.
No collateral is required, and lenders will not take equity or a shareholding in your business.
Unsecured loans
Hassle free finance for hotels Newcastle
Unsecured loans for businesses offer a far lower risk than a traditional secured loan, as you aren’t required to list your assets such as your house or car as security.
Instead, what funders look at are your credit score and business history to asses your eligibility. The trade off for this is that unsecured loans typically come at a higher interest rate.
Start your application today or get in touch for more advice on Finance for Hotels Newcastle
From £50,000 to
£50,000
Maximum loan advance
In order to be eligible for an unsecured loan:
1
Your hotel must have been operational for at least four months
2
It must have an excellent personal and business credit history
3
Your hotel must be registered in the UK
4
Your hotel must have an annual turnover of at least £10,000
5
In some cases, you may be required to have a personal guarantor. If your business cannot repay the loan, your guarantor will be required to pay back the remaining balance
In addition to the above, you will be required to provide:
Proof of identity – Business verification documents – Bank statements
Other Business We Help
We provide finance for hotels across Newcastle and the rest of the UK. We also offer funding to all businesses across a range of many other sectors.
Get in touch today for a chat and see how we can help you.
Leisure
Pubs
Cocktail Bars
Members Clubs
Entertainment
Cinemas & Theatres
Activities Venues
Night Clubs
Fast Food
Fish & Chips
Pizza, Kebab, Vegan
Chinese, Indian, Thai