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An asset-backed term loan can support larger amounts, with typical ranges from around £100,000 to £1,000,000. For many hotel deals, £700k is feasible where the security and affordability case is strong. Terms are often 36 to 120 months. Interest may be fixed or variable, with many structures priced in the wider SME range of around 6% to 15% p.a., but the exact rate depends on lender risk and security strength. Decisioning is often 2 to 6 weeks when underwriting and security checks are required.

Unsecured term loans are commonly used for shorter to medium capex and works where collateral is limited. Typical amounts are roughly £25,000 to £500,000, and £700k may only be possible where the business’s verified cash flow and credit profile meet lender criteria, sometimes with partial security. Loan terms are often 24 to 84 months, and pricing is often higher than secured lending, commonly around 8% to 18% p.a. Decision times are frequently 1 to 4 weeks when documents are complete and bank information is provided promptly.

If your hotel has existing debt and you want a clearer repayment plan, a refinancing-focused term loan may fit. Typical amounts are around £75,000 to £1,000,000, and £700k refinancing deals are common where the current balance and affordability support consolidation or extension. Terms are often 48 to 120 months. Interest can still sit broadly around 6% to 15% p.a., influenced by leverage and security position. Because refinancing underwriting includes payoff calculations and legal arrangements, decisions are often 3 to 8 weeks and funds may take longer than a straightforward capital project.