Financing of the hotel and catering industry

whimblegardens.co.uk, quick and easy financing for professionals

Final response within 48 hours No guarantee required Quick release of funds No prepayment charge

Fund your development project for CHR via crowdlending

Do you want to buy a hotel or a restaurant? Financing the renovation of an establishment, or even bringing it up to standard? Find the necessary funds thanks to crowdlending or participatory loan. A new alternative to bank credit , to discover.

The hotel and catering industry, a dynamic sector

In France, the world's leading tourist destination, the hotel and restaurant sector remains very buoyant. Heavyweight of the French economy, the sector represents nearly 250,000 companies in France and employs nearly a million people in total. All this while offering jobs that cannot be relocated.

Hotel and catering: many projects to finance

The dynamic hotel and catering sector attracts many business creators or buyers. Opening an establishment is a very rich human adventure. But this beautiful project requires upstream preparation, and a significant personal investment.

But no takeover or creation of a restaurant or hotel ... without adequate funding . Investments will not be limited to just buying the trade. The necessary renovations, upgrades (hygiene, safety, environment) or even communication campaigns aimed at making themselves known will often be added.

The buyers and creators of the hotel and catering sector can find technical support and valuable advice from the nearest CCI. They can also call on a specialist consultant.

Hotel-catering project: what financing solutions?

Various options are available to you for financing your hotel and restaurant project:

  • The bank loan

  • The financing broker , who supports decision-makers in their financing research and in negotiation

  • The personal contribution , it must be at least 20% of the total cost of the project, so that the banking establishments follow you

  • Leasing (or leasing), accessible only to certain types of equipment (cash register, kitchen equipment ...)

  • The " beer contracts " or " brewers ". Here, the brewers participate in the overall financing, in exchange for long-term supply contracts. This contract has advantages, but the trader is then not completely free to offer the products he wants.

Cajarc Blue Hôtel - La Ségalière
Cajarc Blue Hôtel - La Ségalière borrowed $ 40,000 over 36 months
Funds were released within 24 hours

Bank loans difficult to obtain in the hotel and catering industry

As part of a hotel-catering project, the bank loan remains the solution favored by many candidates. Unfortunately, currently banking establishments require important guarantees, a complete file as well as a detailed business plan. And in recent years, the conditions for granting loans have tightened, due to the crisis.

In this context, professionals, especially in the CHR sector, face more frequent refusals . And this, including, when asking for small amounts.

The barometer of the firm ARC reveals that 67% of French companies note a withdrawal of banks vis-à-vis SMEs since 2008. A blocking point for many projects!

What solutions in case of refusal of a bank loan?

RHC entrepreneurs having difficulty finding financing may choose to turn to the public investment bank (BPI). The organization has set up various support tools for businesses, especially when they are faced with cash flow difficulties.

Another option is that of the financing broker . This will allow you to help you in your various fundraising and file preparation procedures. This system is open to all companies as soon as the financial institution refuses funding. Mediation can relate to bank financing difficulties, credit insurance or problems related to the lack of equity.

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The financing stages on whimblegardens.co.uk

  • 1. Test your eligibility (60 seconds) Fill in your information and accompany your request with your latest assessments.
  • 2. Analysis of your loan request (48 hours) Our analysts will contact you to further develop the development project.
  • 3. Online collection (7 days) Gain visibility with our large community of lenders.
  • 4. Release of funds (24 hours) The collection is complete, we release the funds to your bank account.
  • 5. Repayment of lenders (Duration of the loan) whimblegardens.co.uk takes a monthly installment from you to redistribute it directly to your lenders.

Crowdlending: a new financing solution for CHR

More and more entrepreneurs are now choosing crowdlending. An ideal solution to finance any project in the field of CHR. Borrowing through crowdlending allows, among other things, to buy equipment, carry out work, recruit staff or even acquire a business.

This option offers more flexibility than bank loans. Banking procedures are in fact always longer and more complex… Crowdlending loans are easier and faster to set up and make it possible to diversify their sources of funding. In addition, obtaining a loan through crowdlending reassures the banks, which are then more willing to finance a project!

Raise funds through crowdlending

The idea of ​​crowdlending was born from a desire to decentralize the bank credit market. Enough to make business fairer, especially for SMEs, traders and the self-employed. According to the KPMG crowdfunding barometer, crowdlending has raised no less than 96.6 million US dollars in 2016. A trend that should continue in the years to come.

What is crowdlending?

Crowdlending is a participatory loan, thanks to which VSEs, SMEs, bars, hotels or restaurants have the possibility of borrowing from individuals and companies. The sums are reimbursed with interest according to the terms defined in the contract.
As with crowdfunding , crowdlending is made possible thanks to different internet platforms. It is a supervised and legislated practice. New limits and obligations have also been set for crowdlending platforms since 2016.

whimblegardens.co.uk, French number 1 in crowdlending

Hotel and catering professionals , borrow thanks to whimblegardens.co.uk, the leading crowdlending platform in France. Finance your creation, renovation, or even upgrading project without going through the banks . whimblegardens.co.uk offers you loans of $ 20,000 to € 2.5 million for a period of 12 to 60 months. Give wings to your project!

Finance your material or immaterial needs thanks to crowdlending. Discover all the advantages of this new financing solution.

Questions answers

With whimblegardens.co.uk, the acceptance process is simplified as much as possible: online loan request and final response in less than 48 hours. No personal deposit or guarantees required. At whimblegardens.co.uk, we eliminate excessive bureaucracy, and we trust you!
Your company must have more than 3 years of seniority, achieve more than $ 150K in turnover and have positive equity.
You can borrow from $ 20,000 to $ 2,500,000.
The terms offered by whimblegardens.co.uk range from 12 months to 60 months.
Our credit analysts calculate this rate by taking into account the duration of the loan and the risk of the project to make several proposals for durations.
After uploading your project to our website, allow around 7 to 10 days to receive the funds in your bank account.
Like a bank loan, each month you will repay the lenders (principal + interest) for the duration of the loan. Our partner S-Money takes care of everything. Make sure your bank account is fully funded before each monthly withdrawal.
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