^£450k Restaurant Business Loan – Apply Online Today

For restaurants pursuing around £450k, an unsecured term loan may still be possible, but it can push beyond typical unsecured limits of roughly £50k to £250k. Lending terms are commonly 12 to 60 months, with pricing often reflected as an annual rate or APR-equivalent. Decision times are frequently around 1 to 3 weeks for full underwriting, and lenders may request 3 to 6 months bank statements and basic management accounts. Use cases include refurbishment costs, kitchen or equipment purchases, and smoothing seasonal cash swings.

Secured term loans often support higher borrowing, with typical amounts starting around £150k and extending to £600k+. For a £450k restaurant loan, eligibility depends on trading performance, affordability and what security can be offered. Terms are commonly 24 to 84 months, and interest rates are often lower than unsecured for comparable borrowers, commonly about 6% to 15% per annum for SMEs. Because valuations and legal security steps are involved, decision time is typically 2 to 6 weeks.

For equipment-focused funding, you usually provide asset requirements and supplier details so the lender can confirm costs, lead times and installation-ready arrangements. Typical amounts are often around £100k to £500k+, with terms commonly 18 to 72 months aligned to the useful life of the equipment. Rates are frequently in the region of about 7% to 16% per annum for SMEs, influenced by asset liquidity and advance rate. Decision times are often 2 to 5 weeks, depending on how quickly asset details and purchase documentation are provided.