Bank

Treasury extends terms of Pay As You Grow facility for Bounce Back Loan borrowers

08-Feb-2021 By James McAllister

Small businesses that have taken out a Bounce Back Loan will now have greater flexibility over repayments, the Treasury has announced.

Revolution ups credit facility to £30m

14-Apr-2020 By Finn Scott-Delany

Revolution Bars Group has increased its revolving credit facility with NatWest to £30m.

Hospitality SME's optimistic about growth

04-Sep-2015 By Sophie Witts

Small and medium-sized hospitality businesses (SMEs) such as restaurants, pubs and bars are more optimistic about future growth than those in other major sectors.

Staff buyout at Leisureplex Hotels sees employees take control of the business

01-Sep-2015 By Sophie Witts

Chorley-based Leisureplex Hotels and coach holiday group Alfa Travel have completed an employee-backed buyout which has seen the business become controlled by its workforce.

Sector’s GDP contribution drops due to lack of funding

30-Jul-2014 By Melodie Michel

The hospitality sector’s contribution to Britain’s GDP dropped 0.2 per cent (£1.5bn) between 2007 and 2013, partly due to the lack of bank funding for SMEs, according to a report by Boost Capital.

Banks are failing SMEs, finds competition watchdog

18-Jul-2014 By Carina Perkins

Banks are failing to provide the service and value that small and medium-sized (SME) businesses such as bars, restaurants and hotels need to thrive, according to a new report from the Competition and Markets Authority (CMA).

£30m alternative finance made available for hospitality

23-May-2014 By Melodie Michel

Alternative finance firm Liberis has allocated £30m to lend to the hospitality sector, providing a flexible solution to an industry that struggles to obtain bank funding.

With a little help from my friends: is crowdfunding the answer to the SME finance gap?

12-May-2014 By Carina Perkins

New research suggests that small and medium-sized businesses (SMEs) are facing severe challenges when trying to access financing – could crowdfunding fill the gap?

NatWest and RBS launch emergency loan fund to help storm-struck hospitality businesses

09-Jan-2014 By Emma Eversham

NatWest and RBS have launched a £250m interest free loan fund to help out hospitality businesses who have been affected by the recent floods and strong winds.

Finding finance in hospitality: The banks

31-Jul-2013 By Luke Nicholls

Most hospitality business owners will agree that bank lending isn’t the same as it used to be. Pre-recession, a budding entrepreneur with a bold idea for a new concept would often be given a blank cheque from the bank manager to support their ambitions....