1300 760 930 Customer Login
Login

Business Loan for Restaurants

Have funds in under 24 hours and access up to $300k

Get Started with a restaurants business loan

Business Lending for Restaurants

Business Loans for Restaurants

The hospitality business is notoriously challenging. Establishment costs are high, operating costs are high and the market is notoriously fickle. Even high profile celebrity chefs, seemingly with everything going their way, fail.
Often, this is because they haven’t put the right plans in place and haven’t put together the right financing to support them through the journey from starting out through to running an established business.

Getting started with a restaurant finance

Even if you plan to create your new restaurant at an established location, you’ll want to make it your own. That means freshening up or replacing the decor, new signage and perhaps even some renovations.
The kitchen, bar and bathrooms are all areas that will need attention and can cost significant amounts of money to update or replace depending on your needs.
Assuming you have some other assets, a secured loan, where an asset you own is supplied as collateral, reduces the risk for the lender, and potentially gives you access to larger amounts of money. As your asset reduces the risk for the lender, they can offer a lower interest rate and, potentially, lend you a larger amount.
As you are using those funds to pay for physical assets that can be resold, as well as the assets you provide as assurance for the lender, you can reduce your borrowing costs.
Dealing with the unexpected
Typically, the busiest daystar restaurants are on weekends and public holidays. That means higher costs for staff as you’ll need more people and you’ll be paying them penalty rates and for longer hours.
You’ll need more stock to cover all those extra meals you’ll be preparing and your power costs will increase.
The trouble is that the days or weeks leading to that time aren’t as busy and that means the money coming in might not be enough to cover your arriving outgoings. And if you’re hit with an unexpected bill for an equipment failure or some other unforeseen event then your ability to employ enough staff or have enough stock to service the coming rush.
When that happens you need to get access to funds quickly. Traditional lenders require you to provide lots of documentation and fill in complex forms. And approval processes can take days when you need to solve your problem in hours. Finding a lender who understands the challenges business like restaurants face and having strategies in place to help them with rapid access to finds is critical.
That’s where an unsecured loan can be useful.
Unsecured loans don’t use an asset as security. This means the borrower doesn’t have any assets at risk but they typically have higher interest rates and are limited to smaller loan amounts.
That means you can borrow the money, get past the speed bump by paying for the repair, boost stock levels before the busy time or ensure you have enough money on hand to cover the higher-than-usual payroll. That lets you focus on business and not stress about your bank balance.
Expanding your reach
Today’s restaurants face stern competition from a plethora of delivery services. The good news is any restaurant can expand that part of their business with a modest investment.
Borrowing funds can help you establish a small dispatch area so you can easily package and send out meals using Menulog, Uber Eats or even your own delivery service. You can use those funds to stock up on packaging and even employ someone to manage the dispatch for you to ensure you keep a new client base happy.
As well as expanding your business directly, it will get your food into the bellies of more people, further boosting your bricks-and-mortar eatery.
The right finance partner can help you focus on successfully running your restaurant and reduce the stress of dealing with cashflow issues. From the moment you start living your dream as a restauranteur though the good days and challenging times, a partner like Capify can reduce some of the day to day stresses cashflow and help you make the best meals in town.

While the entire retail sector has been undergoing a revolution over recent years as online stores have used social media and flashy online stores to carve out lucrative niches, the fashion sector has always had to adapt to change. Each season, new fashions are shown off at catwalks around the world, influencing people to buy new clothes and refresh their wardrobes.

Besides, viral events such as “the dress” – were the steps white and gold or were they black and blue? – Can create a sudden unexpected opportunity. Even the clothing choices of celebrities can put pressure on retailers to update inventory quickly to cater to the latest whims of fashionistas.

Faced with a continually shifting marketplace and heightening competition, fashion retailers need to ensure that they maintain cash flow and have access to enough funds to be able to react to new opportunities.

Modernising the Restaurant 

When someone enters a restaurant, they are looking for a place that represents them – it’s not just a place that fulfils a simple commercial transaction.

Its ambience are a representation of self-expression, and restaurant’s are a part of that experience. Investing in the right decor, lighting and presentation of furniture are essential for attracting customers.

Being able to consistently update that look to suit the changing needs of your target demographic is critical. That’s not about undertaking massive renovations every season. It’s about keeping things fresh with updated mannequins, fresh shop-fittings and ensuring the most wanted products are easy to find in a wide variety of sizes.

All of those things require funding.

Putting the customer first

Perhaps the most significant change in retail is that buyers no longer need to come to the store and deal with the seller on their terms.

Today’s food retailers need to turn things around, so they meet the customer wherever they are. That means investing in systems that integrate online and brick-and-mortar processes.

For example, when a customer browses for a product online, they should be able to choose to either purchase it there and then, or take that preference into the store so they can experience the product in a more tactile way. If they make a purchase, that decision is stored so that if they come back, the seller knows their size or other preference.

Recently, I purchased a shirt from a store I’d last shopped at a year ago. When I wanted to check the size, the seller could look at my sales history and tell me what size to purchase. That requires an investment in systems – something that requires access to a reserve of cash.

Even the point of sale and inventory systems you choose make a difference. Knowing if an item is in stock when it will arrive f you don’t have it and making it easy for customers to complete transactions all require large systems and that takes money.

Having Broken or Outdated Equipment

It can be extremely stressful to have your business’s equipment or tools break. Even if the equipment isn’t broken yet, you might be working with outdated equipment that isn’t performing as it once did.

By neglecting these repairs or updates, the quality of your service or products may suffer. Due to this, your business would benefit from additional working capital to replace broken equipment or afford regular tune-ups.

How can you pay for all this?

If your store is the body of your business and you are its heart and soul, then cashflow is its lifeblood. And while you may have enough cash entering your company to pay the rent, salaries and utilities, building a cash reserve so you can invest in all those opportunities can be challenging.

That’s where a relationship with a trusted financial services company can be invaluable. The ability to quickly apply for a loan and get those funds in your hands in 24 hours can make a world of difference if you’re trying to cash in on the latest internet fashion craze.

Similarly, some of those more extensive projects such as regularly updating your store and ensuring you have the best IT systems to support your customers require a level of capital you may never have available in a lump sum.

Choosing the right finance for those situations can help you build your business. An unsecured loan can help you purchase the latest stock. And, as you expect to make a quick profit on those sales, you should be able to pay the loan back quickly before the higher interest rate bites.

As the risk is higher for the lender, the risk is offset by lending smaller amounts at a higher interest rate.

In contrast, a more significant purchase may be the right candidate for a secured loan where an asset is supplied as collateral. As this reduces the risk for the lender, the interest rate is lower an, potentially, can be used to borrow more significant amounts.

Whichever type of loan you choose, finding a trusted lender, like Capify, can help you not only survive but thrive in a highly competitive world.

What is a Small Business Loan and the loan requirements?

Instead of monthly payments, our business loan has a fixed, daily repayment schedule allowing you to manage your business finances and budget more effectively.

Unlike a commercial bank, Capify requires minimum paperwork, as it is an unsecured business loan.  If you are in MelbourneSydney, Adelaide, Brisbane, Perth, Hobart, Canberra, or Darwin, we can help.

Once approved, the funds will be deposited in your account within 24 hours, not weeks or months.

Is your business seasonal? No problem. Our loans can help adjust to the highs and lows of your business cash flow.

Call us on 1300 760  930 and discuss your business loan requirements and loan amount.

A Capify Unsecured Small Business Loan is right for you if;

  • You’re looking to avoid a steep payment at the end of the month
  • You’re looking for a fast and straightforward business finance solution
  • You’re looking to unsecured business funding to:

Small Business Loans – If your company has fluctuating cash flow, no problem – our Merchant Cash Advance or MCA adjusts to meet the daily needs of your business finances and the loan amount that suits your business needs with a straightforward and fast application process. Looking for funds to take advantage of the ATO 30k Write-off.

Rather than fixed daily repayments, a small percentage of your credit card and EFTPOS terminal sales are repaid daily for the term of your cash advance.

Quick business funding from Capify can solve your business funding requirements in as soon as 24 hours once approved. Read what our customers say from our TrustPilot Review.

Capify can help small businesses across NSW, Victoria, Queensland, Western Australia, South Australia, and Tasmania.

We ensure our staff have a comprehensive knowledge of the Australian SME market and can truly understand your business needs, aspirations and need for finance. Our small business lending consultants will guide you through the entire small business loan process from initial quotation to funding.

Mozo says “With more than ten years of experience, Capify has been helping Australia’s small business owners reach new heights with their tailored funding solutions. The lender provides unsecured business loans which are flexible and accessible, and its simple application process makes getting funding a breeze”.

I have an Eftpos Terminal is Merchant Cash Advance or MCA right for me?

A real alternative to traditional business finance, a Merchant Cash Advance is designed to match the cash flow of your business.

If your company has fluctuating cash flow, no problem – our Merchant Cash Advance or MCA adjusts to meet the daily needs of your business finances.

Rather than fixed daily repayments, a small percentage of your credit card and EFTPOS terminal sales is repaid daily for the term of your Cash Advance.

Capify provides businesses with the flexibility to make lower repayments during slower periods, better managing business finances.

Unlike a bank, the Merchant Cash Advance requires minimum paperwork and is an unsecured cash advance. Apply here!

Once approved, the funds are in your account in 24 hours, not weeks or months.

A Merchant Cash Advance is right for you if;

  • Your business accepts credit card or EFTPOS machine sales
  • You’re looking to avoid a steep payment at the end of the month
  • Your business sales can fluctuate, so you want to pay as you go
  • You’re looking for a fast and straightforward business finance solution
  • You’re looking to:

 

Some of the most innovative businesses in Australia fall into the small business category.  But pushing through barriers to take advantage of growth opportunities is no mean feat.

Alternative business loans have more flexible credit requirements, more straightforward applications, and potentially quicker access to funds than traditional bank loans.

Alternative business funding encompasses everything from short-term working capital loans to long-term commercial real estate loans. Alternative lending is an inclusive term used to describe the full range of loan options available to consumers and business owners outside of a traditional bank loan.

With the ability to adapt to market changes and quickly scale up to take advantage of growth, small businesses ultimately face several advantages over the big banks.

These alternative options are most commonly used when an individual or business owner cannot obtain a conventional bank loan for any number of reasons. Alternative finance is any business finance that doesn’t come from a mainstream provider like the four big banks.

If you have questions, you may want to contact our help centre or read our FAQ’s.

 

Alternative Funding Australia

In the past, alternative finance providers were hard to find, and Capify were the pioneers in Australia with over 11 years of experience.

 

Below is a guide that has been created for you to help business clients when they are looking for a work capital injection to get them through an urgent short term need or to address ongoing business requirements The guide outlines the main funding options from Capify.

 

Why should you consider when taking out an Alternative Business Loans with Capify?

 

What business loan right for you?

Find out the benefits of alternative business loans, like Capify, if you own your own business is a, and we can help provide the obstacle in the way of realising growth and cash flow tends to be financing. Speak to your acc

Most of us don’t have the kind of capital needed for a startup.

 

This leads to many people going to the bank when it’s not always the best option.

There are numerous alternative financing options available, and deciding on which one to go with is not a choice that should be made in a rush. There’s no need to be apprehensive of alternative financing methods, and there has been a worldwide increase in alternative financing.

According to Business.gov.au website, non-bank business lenders have received more than $1.1 billion worth of loan applications every month, representing approximately 11,676 loan applications per month.

 

What are alternative business loans?

Alternative business loans are a form of financing that is not provided by traditional lenders such as banks. Examples of these include private lenders, pooled investment schemes, wholesale funders, peer-to-peer, online, subscription-based loan funds, contributory loans and more. Each of these is slightly different in terms of the loan solutions they offer and, as with traditional business loans, should be thoroughly researched before choosing.

 

What are the advantages of alternative business loans?
Alternative business funders, such as Capify are often easier and quicker application process. Capify can fund a business customer within 24 hours.

 

This is subject to the customers banking provider.

Capify small business funding takes out to the red tape than traditional lenders. This can mean shorter processing times, quicker financing of loans and no credit history checks. With more flexible credit limits and closer relations ship.

 

Figures reveal there are 2,056,523 small businesses in Australia employing less than 19 people, accounting for 97 per cent of all businesses by employee size, according to official figures.

Alternative lenders tend to have fewer clients than one of the four big banks does.

This gives Capify the freedom to get to understand customers requirements and their businesses properly, which will lead to more flexible terms.

 

Is bad credit history can also be accepted?
At Capify, it’s possible to get a business loan with bad credit from some alternative finance providers. Your personal and business credit history may still be checked, but your business’s financial situation will be used to determine your eligibility.  Complete the small business online loan application form to get started on getting business funding — quick or Fast turnaround. Fewer clients lead to prompt service. While you may need to wait a few weeks when applying with a bank, an alternative lender may be able to approve and fund your business loan in one business day. Apply online or call us on 1300 760930

 

The term ‘Alternative Business Funding’ or ‘Fintech Australia’ is something new and foreign.  Alternative lending is an emerging global market that has begun to overtake the leading position of the traditional bank when it comes to business loans and lending short term. Online Alternative business lenders such as Capify provide a range of alternative loan options for business owners rather than traditional bank loans.

 

Australia Fintech Online Business Loan Lender
Despite being a relatively new concept, in 2016 it was found in the Asia Pacific Alternative Finance Industry report, that Australia has now become the second-largest market in the Asia Pacific for alternative financing right behind China.

The Australian government has recognised Fintech companies and created a robust environment. The FinTech industry not only attracts much needed international innovators, but it also means that the industry is up to date in RegTech and it is no longer a risk for those who are looking into alternative lending solutions.

 

The investment in the Australian FinTech industry from $US53 million in 2012 to $US675M in 2016, has created a competitive environment that benefits the SME market. There is no denying that businesses and individuals are tired of the strict guidelines traditional banks provided, the demand for accessible, simple and tailored solutions for businesses is precisely what Capify fulfils.   These businesses succeed because they find ways to overcome the barriers that all small businesses face at one stage or another. For many, one of these is securing adequate capital to fund growth opportunities.

Speak to a lending specialist and overcome those day-to-day challenges to work on their business today on 1300 760 930 to get funds in 24 hours or start your application and apply now.

 

 

Apply Now

How to apply for a restaurant business loan with Capify?

Australia’s leading finance firm, Capify, can provide a solution to every business need by their ideal short-term business loan. This business loan will help the customer’s enterprise increase their working capital as it gives them the ability to purchase inventory and make missed or late payments.

This unsecured business loan differentiates itself from others as it has an approval process of only a short 24 hours and has loan terms from $5,000-$300,000, terms and conditions apply. This means enterprises are able to receive the money with no hassle, allowing them to get on the pathway of achieving their business goals.

Call 1300 760 930 to apply for funds to find out our non-fixed interest rates before April 2019 to get ahead of June 2020 tax financial income year. Capify does not provide line of credits to businesses,

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.

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. If you have any question go to our customer help centre or read our FAQ’s.

 

 

Apply Now

We help businesses like:

FAQs

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.

We cover small business loans Australia Wide;

Apply Now
Copyright © 2019 Capify Australia PTY LIMITED (ABN 38 630 469 117) trading as Capify. All Rights Reserved.