Credit Awards 2018
Managing cash flow can be challenging in any industry but owning a restaurant presents unique challenges. Revenue is rarely consistent all year round and you may want to even out the peaks and troughs created by this pressure on your cash flow. With the peak season fast approaching, preparation is key and being ready for the increased trade, whether that means extra staff, a lick of paint or investing in marketing, the upfront costs can seem unmanageable.
A Nucleus Business Cash Advance (BCA) can help. If your restaurant takes card payments and needs a cash flow boost then a BCA is the perfect solution. It works like a business loan but with flexible, instead of fixed, monthly repayments. You only pay us back, when your customers pay you.
Calculated on your card takings, you can borrow upto 125% of your monthly card volumes, with advances from £3,000 to £150,000 or more.
How much you earn
How much you repay
*The rate(s) given above are for illustrative purposes only and are based on an industry average. The rate you could be approved for will differ depending on your individual business circumstances.
Cafe Pacifio is a thriving Mexican restaurant in the heart of London. After a management buy-out, the new owners wanted to freshen up the interior décor, try out a new menu and build the brand and customer base by attending food fairs across the UK. In the fast-paced restaurant industry they knew they needed a quick and easy solution and our Business Cash Advance product suited their needs perfectly…READ MORE