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Hospitality Loans Australia

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Hospitality Loans for Small Business

According to the Australian and New Zealand Standard Industrial Classification (ANZSIC), the hospitality sector comprises of a diverse range of businesses which provide accommodation (e.g. hotels, motels, camping and caravanning sites) as well as food and beverages (e.g. café business, restaurants, takeaway food services, canteens, licensed clubs, pubs, taverns and bars) (Australian Industry and Skills Committee 2018).

Hospitality Industry’s Economic Climate and business finance solutions
The strong economic climate of the Australian hospitality industry is driven by high levels of international tourism. Evidenced in the rise of international visitors to Australia by 5.9 per cent in the year to June 2018 (Bankwest 2019). This is directly linked with a weaker Australian dollar improving costs and increasing consumer expenditure (Bankwest 2019).

Currently, the Australian hospitality industry is experiencing growth across all areas. Strong growth can be seen in Western Australia’s pubs and bars market with an increase in establishments by 4.1 per cent in the year to June 2017, exceeding the national average of 1.6 per cent (Bankwest 2019). Further statistics indicate the hospitality sector grew by 1.7 per cent annually between June 2013 and June 2018 with cafes and hotels experiencing the strongest revenue growth during this time period (Bankwest 2019).

However, it is critical to note a plethora of external influences disrupting the Australian hospitality industry including technological changes in food delivery services, changing consumer preferences and a high level of competition, ultimately inflating business costs (Bankwest 2019). Nevertheless, the hospitality industry is forecasted to exceed $108 billion in revenue by 2023 (Bankwest 2019).

Small Hospitality Businesses in Australia
A total number of 87 363 small-medium enterprises are operating within the Australian hospitality industry, with accommodation and food services generating $107.4 billion in revenue (IBIS World 2019). Statistics indicate the high-growth sector’s contribution to the Australian economy equates to $40.6 billion in gross value (Australian Government 2019).

Importance of Cash Flow in Hospitality Businesses

Effective cash flow management is critical for business functioning within the Australian hospitality sector to overcome unique financial challenges, achieve sustainable growth and drive long-term viability. The vast majority of restaurants, cafes, bars, motels and other hospitality businesses experience high labour turnover due to low wages, inflexible working hours and minimal career opportunities, resulting in voluntary resignation (Hayton 2019). According to the Bureau of Labour Statistics, the hotel and motel industry experiences an annualised employee turnover rate of 73.8 per cent which is higher than the annual average between 10 and 15 per cent (Hayton 2019).

High labour turnover is associated with high costs of pre-departure disengagement, recruitment and selection, orientation and training, and productivity losses (Wells 2018). Such changes in the workforce can inevitably place detrimental impacts upon operating costs, profits, levels of service, customer value and managerial continuity (Tourism & Transport Forum Australia 2006). Thus, forecasting cash flow is paramount to avoid future cash shortages, measure business performance and gain a competitive advantage within the Australian hospitality industry.

Speak to a lending specialist today on 1300 760 930 to get funds in 24 hours or start your application and apply now.


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Capify Loans and Hospitality Businesses

By providing flexible and accessible hospitality, cafe or restaurant loans, Capify Australia can offer business owners operating in the dynamic Australian hospitality industry with a wide range of benefits. An unsecured small business loan with a fixed, daily repayment will allow firms to effectively manage finances, create successful budgets and tackle unique financial challenges. Such as high costs of high labour turnover instead of using an interest rate like the big banks.

To apply for a business loan with Capify is simple, we offer restaurant financing through an online application with loan terms from 3 to 12 months. As Australia’s first online lender we understand you just want to run a restaurant without worrying about cash flow. We asses personal credit applications on a case by case basis and therefore your credit score is taken into account when a loan amount with a fixed rate is offered to a business. Capify does not offer lines of credit.

Recent studies indicate cash flow problems such as low working capital and the receipt of late payments or non-payment from debtors serve as a major reason for business failure experienced by small-medium enterprises (Hyder & Lussier 2016). By adopting a consumer-centric approach and tailoring financial solutions to the individual needs of hospitality companies, Capify Australia ensures repayment structures for unsecured loans have minimal impact on business cash flow . Thus, the leading unsecured small business lender presents an alternative and accessible lending option characterised by simplicity and time/ cost-saving benefits, driving sustainable business growth and long-term viability.

How could small businesses use the funds?

  • Pay Bills
  • Marketing
  • Hiring extra staff
  • Purchasing Stock
  • Improve Cash Flow
  • Purchasing a Business car or Truck
  • Renovating or Expanding the business
  • Upgrading or Purchasing Equipment

Capify Financing Options and Business Loan Products

Capify presents ideal solutions to businesses who struggle to sustain adequate funds or want to achieve certain business goals. We offer two principal products and services that aid businesses in achieving their goals; Merchant Cash Advance and Capify small business loan. The Capify business loan ranges from 5,000 to 300,000 dollars which are deposited into the customer’s account where they will then have the ability to fund their business. This unsecured business loan will then allow enterprises to improve the health of their business and be repaid through small daily transactions.

Moreover, another business product that Capify offer is Merchant Cash Advance, which works best for businesses who tend to experience fluctuating cash flow. Merchant Cash Advance refers to the business gaining a lump sum of money and repaying it through minor percentages of their EFTPOS transactions. This will benefit the business as they are less prone to shortages within their cash flow thus allowing them to increase capital whilst repaying the loan back. As well as this, Capify provides their expertise to customers, suggesting new ways to improve the cash flow, tailored to their specific business.

Capify is Australia’s first small business lender since 2008, we have built and maintained a google review of 4.5/5.

Speak to a lending specialist today on 1300 760 930 to get funds in 24 hours or start your application and apply now.


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What are your interest rates?

We don’t use interest rates for our funding solutions.
Instead Capify offers an agreed total payback amount. The payback amount depends on the type of business you operate and the term you require the business finance for. This way your business knows up front the total costs, making managing your cash flow easy.

What are your loan amounts and terms?

Capify can lend your business from $5,000 to $300,000 in unsecured small business funding to SMEs. The repayment terms are flexible and depend on the monthly turnover of your business. Terms range from 3 months to 12 months.

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