In collaboration with Synergy Commercial Finance and Asset Finance Solutions

To say the last few years in the hospitality industry has been difficult would be an understatement and on the back of the economic fallout the need for funding for equipment, refurbishment and property has increased, whilst access to funding has tightened.

DMK Finance and commercial partners have been working in the hospitality finance sector for over 17 years. We have a breadth of knowledge and experience which we can put to good use to help your business find the right funding for you.

For some this may be your first time looking for finance, for others you may not have access to the funding you have had before. We have access to over 150 funders and can use our access and experience to find a solution that you may have struggled to secure on your own.

Whether you are a hotel, restaurant, pub or café (or all four) you will likely have been hit hard and need to have access to finance specialists who can work with you to find solutions from property loans to asset finance for equipment or spend more time to find bespoke solutions using multiple funders we have a team of experts on hand to help you.

Our minimum loan for asset finance is £25k and £150k for property however we can look at smaller amounts on a case by case basis if part of wider solutions.

If you would like to work with us or if you require further information, it couldn’t be easier to get in touch.

dmkfinance.co.uk/ontrade-contact dmkfinance.co.uk/ontrade-contact

Once Upon a time, there was a booming hospitality industry, times were good, cashflow was buoyant and people were out socialising. Then along came a little-known virus called Covid19, which changed the world completely. People stayed indoors, venues had to close and the outlook was very different and difficult. These were indeed dark times and just when things started to feel a bit more normal, along came Brexit, then the war in Ukraine, Truss economics, new industry legislation, high inflation, increases to bank rates and high street banks contracting their credit parameters.

The fairy tale has now taken a completely different path, the industry has had to evolve, adapt and adjust to these unprecedented times. The path ahead is perhaps not looking as clear and certain as it once was.

Questions on businesses surviving and thriving are being asked by everyone in the industry, but let us reassure you, multiple sectors are experiencing similar challenges, from high-street retailers to landlords who once had buoyant commercial office investments. We regularly hear concerns about keeping businesses running and the drastic changes in the landscape we are working in.

The pace of change and uncertainty ahead is indeed a worry for the sector and what is important to know is - it’s OK not to be OK! You are not alone and the impact of all of the above is hitting the boardrooms of both large and small businesses across various sectors.

Reaching out early to seek advice could have a positive impact and allow investigation into wider routes of finance via a trusted broker partner, who has full access to multiple funders, and can have meaningful conversations with Accountants about the strengths and weaknesses of the business or even engage Lawyers if an exit strategy is required.

Focusing on routes to funding for the sector, DMK Finance and commercial partners have extensive experience with industry experts and can offer potential solutions to the various routes available to raise cash to support your business. In addition, we can provide informal, open and honest advice on what options are possible.

We have recently supported hotel, pub and restaurant operators seeking new funder partners away from their incumbent banks, who have shown less of an appetite to continue support unless businesses can meet tighter credit paraments. Some of the key benefits we were able to secure included, 10-year interest-only options, longer payment profiles and equity release on both property and other asset types, which has reduced pressure on bank covenants, helped to ease cashflow or raise cash.

Other routes to finance have been achieved via equity release from investment portfolios, sometimes unrelated to the operating business and have allowed Director loan injection or 3rd party securities to be provided to support lending.

Questions you may be asking.

How do I get the extra cash needed for my business to get through the next few months?

How do I find the funds to be able to refurbish my property when I don’t have security but trade is good?

I want to buy the property I am currently operating from or buy a new property to run my business from, who can help me with this?

I need funding, but I just don’t know where to start or what to provide to ensure the best chance of obtaining the appropriate funding solution.

There is no such thing as a ‘daft question’ and by reaching out for an informal chat we could perhaps help guide you in the right direction for your situation. There are so many different possibilities can you afford not to reach out and discover these?

It is important to note that ‘one size’ does not fit all and all funding proposals are subject to full credit assessment to allow funders to understand the strengths and weaknesses of your business, the ability to service debt and the experience or calibre of the operators.

Take action and reach out early to see if help could be available by simply scanning the Q code and answering a few basic questions to allow our experts to get in touch.