Coffee Shop Loans & Café Finance From £1,000 – £500,000 – DUPLICATE

To ensure you are eligible for one of our café business loans, please check that your business:

• Is registered in the United Kingdom
• Has been actively trading for a minimum of 6 months
• Has a turnover of at least £5,000 per month
• Has a business owner over the age of 18 years
• Is a limited company, partnership or sole trader

Finance Solutions for Cafés and Coffee Shops:

Making an immediate profit from a small business is very difficult, and often frankly unrealistic – this is true in all sectors of business, with a cafe being no different. When considering how to start a café business, startup costs can range from £20,000 to £100,000 depending on the size, style, location and a few other factors.

There are also recurring costs to consider, such as the cost of rent, utility bills, and general repairs that are bound to crop up, not to mention the occasional costly problems that arise when running a high-intensity, high-stamina business like a coffee shop. To help you cope with these seemingly staggering costs, we have a few finance options for you to consider…

Merchant Cash Advance:

A merchant cash advance is a great option for your coffee shop, café or tearoom because of the numerous benefits it can bring to your establishment. Working best for businesses that take payment through card terminals, your café business can access between £5,000 and £500,000 in as few as 24 hours.

This option is different to a business loan, as it functions as an advance on your business’ monthly profit through credit and debit card sales. Each month, a small percentage of these card transactions will go towards repayments, and as a bonus, your business gets to retain any revenue in cash transactions. As an even greater perk, there will be no interest on the borrowed sum – it is simply paid back in sync as you earn the money.

Business Loans:

At SME Loans we can also offer unsecured business loans to coffee shop, café and tea room owners. By choosing a business loan, owners can look to borrow £1,000 to £500,000 to kick start or help maintain your company or fund a new business venture.

As with a merchant cash advance, the money should be swiftly supplied to your account in 24 hours, which will grant you the option to quickly dispatch any problems that may have arisen preventing cash flow, or alternatively get you started on a new business venture without so much as days wait. Once the funds have been received, they will be paid back in monthly instalments, with interest rates applied and included.

An “unsecured” business loan simply means that you will not be expected to secure the funding against any of your valuable assets, such as equipment, property or land. This can be a real advantage to small or new business owners, that maybe don’t enjoy the luxury of having expensive possessions to guarantee repayment. Instead, after signing the personal guarantee, the owner will become responsible for meeting any outstanding repayments if the business fails to pay. This ensures that all parties involved find themselves paid.