^£750k Restaurant Business Loan – Apply for Funding Today

Secured term loans are generally aimed at restaurants with enough trading history to demonstrate affordability from accounts and bank statements. Eligibility can be stronger when the business can offer security, commonly linked to property or leasehold interests, equipment, or charges over business assets. Typical terms are around 24 to 84 months, and decision times often fall around 1 to 4 weeks for straightforward cases. Pricing is commonly in the range of roughly 7% to 16% p.a., depending on risk, security, trading history, and whether the rate is fixed or variable.

Unsecured term loans may be an option where security is not readily available. For restaurants, lenders still look for cashflow strength, consistent trading, and an acceptable credit profile, using management accounts, year-end accounts (if available), and bank statements. Terms are often around 12 to 60 months. Decision times commonly range from 1 to 3 weeks for less complex cases. Pricing is often higher than secured borrowing, with a typical broad range around 10% to 20% p.a., depending on risk, term, and credit strength.

Asset-backed term loans are structured around specific collateral, such as commercial kitchen equipment or leasehold improvements where the works can be evidenced and ownership or rights are clear. Eligibility often requires documentation like quotations or invoices for equipment or works, plus evidence lenders can use to validate collateral value. Typical amounts are around £50,000 to £750,000+, with a £750k request depending on assessed collateral coverage. Terms are commonly around 24 to 72 months, and decisions often take about 2 to 6 weeks. Pricing may be more competitive than unsecured, with a typical broad range around 6.5% to 15% p.a., depending on collateral coverage and whether the rate is fixed or variable.