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^Get Your £700k Restaurant Business Loan Today

Q: What is the typical borrowing range for a £700k restaurant loan?

For this type of term loan request, borrowing is often in the £150,000 to £2,000,000 range. The exact amount lenders consider depends on repayment capacity from trading cash flow, profitability and cash reserves, existing debt obligations, seasonality evidence, and whether security is offered.

Q: What interest rates are typical for UK SME term loans?

Indicative SME term loan pricing is often around 7% to 18% APR for established restaurants. The rate depends on factors such as affordability and cash-flow coverage, business risk, term length, the size of borrowing, and whether security is in place.

Q: Which restaurant term loan type matches my goal?

Refinancing term loans are used to consolidate liabilities or adjust repayments, with underwriting focused on affordability and existing debt details. Equipment or fit-out term loans suit refurbishment or equipment purchase with a project plan and quotes. Working-capital term loans (cashflow-led) support cash gaps using bank statements, management information, and profit and loss to evidence affordability.

A £700k restaurant business loan is typically structured as a business term loan, where your UK restaurant receives a fixed amount upfront and repays in regular instalments, often monthly, over a set period. Restaurants use this type of finance to fund defined plans such as refinancing existing borrowing, major fit-out or equipment, or cashflow smoothing around busy and quieter trading cycles. For a larger ticket like £700k, lenders usually apply stricter affordability checks and expect evidence that trading cash flow can support repayments.

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Why a £700k term loan can fit restaurant plans

With a defined borrowing amount, a term loan is designed for restaurants that need repayment certainty while supporting investment or cashflow priorities. Pricing and decision times depend on underwriting, but typical indicative figures for UK SME term loans are around 7% to 18% APR. Initial decisions are commonly 1 to 3 weeks once documentation is provided.

Predictable monthly budgeting

Upfront cash for the plan

Longer-term repayment horizon

SCALE YOUR BUSINESS TO NEW HEIGHTS

Types of £700k restaurant term loans

Refinancing term loan

Use this when you are consolidating existing liabilities or adjusting monthly commitments. Lenders typically expect evidence of trading history, acceptable credit, and affordability for the new repayment.

Refinancing term loan

A refinancing term loan suits established restaurants that can show how the new facility will be serviced from trading cash flow. Common triggers include reducing interest cost, extending maturity, or simplifying multiple store-level debts into one facility. For around £700k, underwriting usually looks closely at the business’s ability to cover servicing costs and may request details of existing debts and why refinancing is needed. Typical amounts are often £150k to £1.5m, with terms commonly 24 to 84 months.

Equipment/fit-out term loan

Best for major refurbishment or equipment purchase. Expect lender questions about the project budget, quotes, and how trading evidence supports the instalments.

Equipment/fit-out term loan

An equipment or fit-out term loan focuses on a clear project scope, with evidence such as vendor quotes, invoices, and a schedule. Lenders may prefer partial security or strong cash-flow performance because the spend is asset-linked. Typical lending terms are often 18 to 72 months, sometimes aligned to the useful life of the equipment or fit-out. Indicative pricing is commonly around 8% to 17% APR, depending on project and borrower risk. For approval, it can be about 1 to 4 weeks once the plan and financial evidence are in place.

Working-capital term loan (cashflow-led)

Designed to smooth seasonal or temporary cash gaps. Lenders usually assess affordability using bank statements, management accounts, and profit and loss information.

Working-capital term loan (cashflow-led)

A cashflow-led working-capital term loan supports staffing, stock, and other operational pressures, while keeping repayment predictable. For larger asks like £700k, lenders typically look for credible repayment capacity and stability of revenue. You will usually need to provide recent bank statements, management information, and a cash-flow narrative that explains the purpose and how instalments will be funded. Typical amounts are often £200k to £2m, with terms commonly 12 to 60 months. Indicative rates are often around 7.5% to 16.5% APR, depending on affordability, liabilities, term length, and security.

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How to get a £700k restaurant term loan

Share your borrowing and purpose

Tell us the amount you need and what it will be used for, such as refinancing, fit-out or equipment, or cashflow smoothing. We also take in your restaurant setup and trading context to help frame the request for underwriting.

Complete the online application form so Funding Agent can understand your restaurant funding needs.

Upload financial documents

Provide the financial evidence typically required for term loan affordability checks, including trading information and recent bank statements. You will also share documentation supporting the use of funds, such as refinance details or project quotes.

Compare offers and submit

We match your request to appropriate lender options and help you prepare for underwriting. From there, we coordinate next steps through to decision and drawdown, keeping the process aligned with the checks lenders apply to larger requests.