^£850k Restaurant Business Loan – Apply and Get Approved

With a secured term loan, lenders usually consider a recoverable security position such as a property charge and/or an equipment charge. Typical requests can range from around £250k to £2m for established operators, depending on security and leverage. Lending terms are commonly 36 to 84 months, with decision times often around 2 to 6 weeks for a full case. Pricing is influenced by risk and security, with a market range often cited around 7% to 15% per annum.

A partially secured term loan can be a fit when a restaurant has consistent cash flow, solid management information, and either limited collateral or a need for additional support such as a personal guarantee. Typical amounts can be roughly £100k to £1.5m, and a £850k request may be feasible for profitable, well-managed businesses. Terms are often 24 to 60 months, with decisions commonly 2 to 5 weeks. Interest pricing may be higher than fully secured, with a market range often cited around 9% to 18% per annum.

Refinancing term loans are used to consolidate and restructure existing obligations such as bank loans, overdrafts, or other business debt. Lenders typically want a clear breakdown of current liabilities, confirmation of settlement positions, and an affordability plan showing how repayments will be supported after consolidation, such as business loan refinancing for construction businesses. Amounts can commonly be from around £150k to £2m, with terms often 36 to 72 months. Pricing depends on the current and expected risk profile, with a typical market range often cited around 8% to 16% per annum. Decisions are frequently 3 to 7 weeks due to coordination of payoffs and legal arrangements.