March 17, 2026
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Best Business Loan Refinancing Lenders for the Hospitality Industry

Discover the best business loan refinancing lenders tailored for the hospitality sector. Compare rates, terms, and benefits to improve your business finances today.
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Best Business Loan Refinancing Lenders for the Hospitality Industry
Abdus-Samad Charles
Finance Writer

Head of Content at Funding Agent, with four years’ experience creating practical, easy-to-follow, SEO-informed guidance for UK small and medium-sized businesses.

Best Business Loan Refinancing Lenders for the Hospitality Industry

For UK franchise buyers and operators, this guide compares loan periods and amounts, APRs, and terms across leading providers, with a focus on eligibility and fit. Amounts that could not be verified are left blank, prices accurate as of 2026-03-16.

1. Funding Agent

Funding Agent focuses on providing a brokered platform to compare various unsecured business finance options quickly. It suits UK SMEs looking for fast eligibility checks and transparent repayment terms. Speed and simplicity are key features, with no collateral generally required.

Loan Details

  • Min Amount: £10,000
  • Max Amount: £1,000,000
  • Min APR: 4%
  • Max APR: 20%
  • Loan Duration: 3–60 months ⌛

Services & Industries

  • Finance Types: Unsecured business loans, MCA Loans, Working capital
  • Industries: UK SME's

Pros

  • fastest and easiest application process
  • No collateral required

Cons

  • lower track record, only trading 1 year

Sources: Funding Agent

2. OakNorth

OakNorth specialises in offering flexible business loans mainly for larger financing needs. It suits hospitality operators and franchise buyers requiring substantial funding, typically involving formal lending criteria. Products focus on longer-term loans with structured repayments and may require security depending on the arrangement.

Loan Details

  • Min Amount: £1,000,000
  • Max Amount: £0
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Unknown ⌛

Services & Industries

  • Finance Types: Business Loans
  • Industries: Hospitality

Pros

  • Specialized in large loans

Cons

  • High minimum loan amount

Sources: Source

3. Novuna

Novuna offers flexible funding solutions tailored to hospitality businesses needing manageable repayment plans. It fits operators looking for modest amounts to support cash flow or growth investments. The service balances speed with flexibility but focuses on relatively small loan sizes without extensive collateral.

Loan Details

  • Min Amount: £10,000
  • Max Amount: £25,000
  • Min APR: 6.7%
  • Max APR: 6.9%
  • Loan Duration: Unknown ⌛

Services & Industries

  • Finance Types: Business Loans
  • Industries: Hospitality

Pros

  • Quick decision times
  • Competitive APR for small amounts

Cons

  • Limited maximum loan amount

Sources: Source

4. Capify

Capify provides straightforward financing aimed at hospitality businesses seeking growth capital and cash flow support. It is suited for those prioritising speed and flexible repayment options, though interest rates vary widely. Both secured and unsecured options may be available depending on individual circumstances.

Loan Details

  • Min Amount: £5,000
  • Max Amount: £1,000,000
  • Min APR: 0%
  • Max APR: 67.89%
  • Loan Duration: Unknown ⌛

Services & Industries

  • Finance Types: Business Loans
  • Industries: Hospitality

Pros

  • Fast funding
  • Flexible terms

Cons

  • High maximum APR

Sources: Source

5. Fleximize

Fleximize focuses on flexible business loans tailored to meet the specific needs of hospitality SMEs. It suits borrowers who value predictable repayments and no early repayment penalties. Loan options are designed to balance flexible terms with straightforward eligibility requirements.

Loan Details

  • Min Amount: £10,000
  • Max Amount: £500,000
  • Min APR: 9%
  • Max APR: 12%
  • Loan Duration: 3–48 months ⌛

Services & Industries

  • Finance Types: Business Loans
  • Industries: Hospitality

Pros

  • No early repayment fees
  • Loyalty rewards on repeat borrowing

Cons

    Sources: Source

    6. LendingCrowd

    LendingCrowd caters to hospitality businesses requiring customised loans for expansion or working capital. Suitable for SMEs valuing bespoke terms, LendingCrowd offers a range of repayment options and typically assesses risk to set APR. Loans are structured to suit business growth needs within defined duration bands.

    Loan Details

    • Min Amount: £25,001
    • Max Amount: £500,000
    • Min APR: 7.9%
    • Max APR: 14.9%
    • Loan Duration: 6–60 months ⌛

    Services & Industries

    • Finance Types: Business Loans
    • Industries: Hospitality

    Pros

    • Tailored loans for SMEs

    Cons

    • APR dependent on risk assessment

    Sources: Source

    7. Folk2Folk

    Folk2Folk focuses on secured loans against UK property, supporting rural and hospitality businesses. It suits borrowers who can provide collateral and are seeking lower interest rates due to security. Flexible loan to value ratios and structured repayment terms fit medium to large financing needs.

    Loan Details

    • Min Amount: £100,000
    • Max Amount: £10,000,000
    • Min APR: 7.5%
    • Max APR: 9%
    • Loan Duration: 6–60 months ⌛

    Services & Industries

    • Finance Types: Secured Business Loans
    • Industries: Hospitality

    Pros

    • Secured loans reduce interest rates

    Cons

    • High minimum loan amount

    Sources: Source

    8. MCL Finance

    MCL Finance offers unsecured loans aimed at hospitality businesses needing fast access to finance. It is suitable for borrowers prioritising quick approval and straightforward terms without collateral. The process is designed for speed, fitting short-term funding requirements.

    Loan Details

    • Min Amount: £5,000
    • Max Amount: £250,000
    • Min APR: 5.9%
    • Max APR: 0%
    • Loan Duration: 4 hours approval ⌛

    Services & Industries

    • Finance Types: Unsecured Business Loans
    • Industries: Hospitality

    Pros

    • Rapid approval and funding

    Cons

    • Potentially higher rates for unsecured loans

    Sources: Source

    9. Millbrook Business Finance

    Millbrook Business Finance provides a comprehensive suite of financial products including business and asset finance tailored for hospitality firms. It is suited to businesses seeking diverse funding solutions with competitive rates. Facility options may include invoice finance and longer-term loans with flexible repayment arrangements.

    Loan Details

    • Min Amount: £10,000
    • Max Amount: £500,000
    • Min APR: 4.9%
    • Max APR: 14.9%
    • Loan Duration: 6–60 months ⌛

    Services & Industries

    • Finance Types: Business Loans, Asset Finance
    • Industries: Hospitality

    Pros

    • Competitive APR
    • Diverse finance options

    Cons

      Sources: Source

      10. Smart Funding Solutions

      Smart Funding Solutions operates a broad lending network offering tailored hospitality business loans through multiple lenders. It is appropriate for borrowers seeking varied options and fast indicative quotes. Terms and rates depend on lender panels, providing flexibility but requiring comparison.

      Loan Details

      • Min Amount: £0
      • Max Amount: £0
      • Min APR: 0%
      • Max APR: 0%
      • Loan Duration: Unknown ⌛

      Services & Industries

      • Finance Types: Business Loans
      • Industries: Hospitality

      Pros

      • Access to 300+ lenders
      • Indicative terms within 24 hours

      Cons

      • Variable rates depending on lender panel

      Sources: Source

      How to choose

      When selecting the best business loan refinancing lender for the hospitality sector, focus on matching loan size and APR with your cash flow capacity. Check eligibility criteria closely and consider loan speed against repayment flexibility. Evaluate whether you need secured or unsecured loans based on your property and collateral. Factor in lender fees and early repayment terms to avoid surprises. Balance your franchise’s seasonal income patterns with the loan’s repayment schedule. Always compare multiple providers to find terms that serve your operational needs best.

      Conclusion

      Choosing the right lender depends on the specific refinancing needs of your hospitality business. Banks typically offer larger loans but may have stricter requirements. Brokers and specialist lenders provide access to diverse options and flexible terms suited to smaller or specific financing situations. Funding Agent is useful for SMEs looking to compare various possibilities quickly. Assess your borrowing purpose carefully to select the most appropriate source for a 200 thousand pounds loan.

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      FAQs

      What is business loan refinancing?
      Why should hospitality businesses consider loan refinancing?
      How do I find the best lenders for refinancing in the hospitality industry?
      Are there any specific loan options for the hospitality sector?
      What documents are needed when applying for loan refinancing?
      Can refinancing affect my credit score?

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      1Funding AgentFunding Agent helps UK SMEs compare business finance options fast, with a simple application journey and quick eligibility matching.£10,000–£1,000,000; 4%–20% APR; 3–60 months
      2OakNorthOakNorth provides flexible business loans tailored for the hospitality industry, with lending from £1 million upwards.£1,000,000–£0; 0%–0% APR; Unknown
      3NovunaNovuna helps hospitality businesses access flexible funding solutions to manage cash flow and invest in operational growth.£10,000–£25,000; 6.7%–6.9% APR; Unknown
      4CapifyCapify offers straightforward business financing solutions to help hospitality businesses with cash flow support and growth initiatives.£5,000–£1,000,000; 0%–67.89% APR; Unknown
      5FleximizeFleximize provides a range of flexible business loans for UK SMEs, tailored to suit the unique needs of the hospitality sector.£10,000–£500,000; 9%–12% APR; 3–48 months
      6LendingCrowdLendingCrowd specializes in customized loan solutions for hospitality businesses seeking growth funding.£25,001–£500,000; 7.9%–14.9% APR; 6–60 months
      7Folk2FolkFolk2Folk offers secured loans against UK property, focusing on supporting rural and hospitality businesses.£100,000–£10,000,000; 7.5%–9% APR; 6–60 months
      8MCL FinanceMCL Finance provides unsecured business loans to hospitality businesses looking for quick funding solutions.£5,000–£250,000; 5.9%–0% APR; 4 hours approval
      9Millbrook Business FinanceMillbrook Business Finance offers comprehensive financial solutions tailored to the hospitality sector, including asset and invoice finance.£10,000–£500,000; 4.9%–14.9% APR; 6–60 months
      10Smart Funding SolutionsSmart Funding Solutions provides bespoke funding for hospitality businesses, leveraging a vast network of lenders to find tailored solutions.£0–£0; 0%–0% APR; Unknown
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