Pub Loans Service
Our pub loan service provides finance solutions for:
- Unsecured business loans – Finance up to £250,000 from 1 to 5-year terms.
- Working capital business loans – Solutions from 1.10% per month.
- Bridging finance – From 1 to 24 month terms from 0.55% pm.
- Asset finance – We have access to a wide range of asset finance lenders.
A pub loan can assist you in acquiring ownership, addressing necessary renovations, or smoothly running daily pub operations. With a variety of business funding options available, it remains imperative to select the appropriate financing for your public house.
Our brokerage tool provides access to the entire market, ensuring you get the best rates available.
We offer top-tier pub loans that allow you to focus on delivering exceptional service to your patrons, for the least cost.
Given the UK’s strong pub culture, and the yearning for face-to-face connection in the digital age, the market for pubs is expected to remain robust, and you can become part of its culture.
Why Invest in a Pub?
- Profit Potential: Although the early stages may be demanding, the potential financial compensation can be rewarding.
- Community Hub: Owning a pub enables you to create a valued gathering spot for your community, where people can unwind, socialize, and have a good time.
- Autonomy: Managing your own pub provides the freedom to shape and guide your business according to your vision, enabling you to create exactly the atmosphere you desire for your drinking space.
Pub Loan Financing Options
Different types of loans may be relevant based on your specific needs and circumstances:
- Asset Loans: for acquiring equipment such as taps, fridges, entertainment systems, or delivery vehicles.
- Commercial Mortgages: for purchasing the property.
- Refurbishment and Renovation Finance: to modernize and upgrade your pub, or change the style and atmosphere to your liking.
- Cashflow Finance: includes Merchant Cash Advances or Invoice loans, to support operational expenses or inventory.
- Bridging Finance: for addressing short-term financial requirements.
- Tax Loans and Working Capital Finance.
Pub Loan Eligibility Criteria
To secure your loan, it is important to understand the criteria that lenders usually assess.
- Regulatory Compliance: Ensure your pub meets all relevant regulations and holds the necessary licenses, such as liquor licenses and food safety certifications.
- Personal Details: Lenders will typically require recent bank statements, tax returns, and your credit score.
- Business Plan: A thorough plan outlining how you intend to operate the pub, generate revenue, and grow your business will enhance your chances of loan approval. Analysing local demographics and competitors can be advantageous, for example researching whether your pub is in a residential area that could create noise complaints.
- Business History: Whether you’re buying an existing pub or expanding your current one, demonstrating a history of profitability can aid in securing a loan. Lenders will review financial statements, profit margins, and cash flow to evaluate your ability to repay.
- Collateral: Depending on whether you apply for a secured or unsecured loan, you may need to offer collateral as a guarantee against default.
Types of Lenders for Pub Loans
- Commercial Banks: Despite often being the first port of call, however many banks do not lend to pubs. Our brokerage tool helps identify those that will, and connects you with them. While they usually offer competitive rates, High Street Banks may have more stringent eligibility requirements.
- Specialized Private Lenders: For those more complex financial situations, private lenders could be a better fit. They generally have more flexible criteria and a faster application process; however, they may charge higher interest.
With various financing options at your fingertips through our services, your dream of owning a pub is within reach!
Can I apply for a pub loan?
Any business can apply for a pub loan, regardless of how big or small it might be, provided you are VAT registered and you meet the minimum monthly turnover.
As a range of business funding options are available, it can often be challenging to find the perfect deal to acquire your pub. Our specialist business loan advisory team help take the strain in finding the right finance solution for your expansion into the hospitality industry.
Call us today on 0117 313 8872, for a free initial consultation or use our business loan quote service.