Compare ^{Fit-Out Finance} Options For Restaurants With Funding Agent

With a Secured Fit-Out Loan, you apply with details of your assets and recent financial records. Lenders assess your collateral and business performance before making a decision, usually within 2 to 4 weeks. These loans are suited to major renovations, kitchen upgrades, and expanding your restaurant’s seating capacity. Asset-backed security can help you achieve a larger loan amount and longer repayment period, supporting significant projects with competitive rates from 4% to 8% per annum.

If you need streamlined funding for smaller-scale work, consider an Unsecured Fit-Out Loan. You submit financial statements and a business plan, with the lender assessing your credit profile. Decisions are usually reached within 1 to 2 weeks. This option suits restaurants updating furniture or completing quick revamps, with rates from 6% to 12% per annum. No collateral is needed, allowing faster access and straightforward repayments.

For immediate fit-out projects, a Merchant Cash Advance allows restaurants to access capital based on projected card sales. Application and approval take just a few days. The advance is repaid through a set percentage of your card receipts, making this option well-suited to seasonal or variable-income venues. Factor rates usually range from 1.2 to 1.5, supporting prompt investments like décor refreshes or equipment purchases, with repayments matched to your takings.