Although we help many businesses across the UK on a daily basis we have seen a rise of business in the New Forest area. This has been mainly due to the growth of tourism in the area which is seeing the requirement for business growth funding. The New Forest, a timeless destination for holidaymakers and UK ‘staycations’. A beautiful area of the UK surrounded by ancient woodland, open moorland and excellent walking terrain.
As the area is also bathed with businesses in the hospitality sector such as restaurants, hotels, bed and breakfasts, camping and holiday parks it’s easy to understand why we there has been a demand for business funding. The product we offer suits the hospitality sector and has helped many businesses in the New Forest Area grow their business to cope with the demand.
The UK is benefitting from positive tourism figures which are expected to increase over the next five years there has never been a better time to expand and build on your successful business especially when your business is in one of the top locations in the UK for tourism.
We have helped a number of small hotels in the New Forest Area along with restaurants and cafe bars who have used a business cash advance to help grow their business.
The cash advance works by allowing you to repay as and when you make sales on customer credit and debit card transactions. This helps you especially when you factor in seasonality. When sales are low for the month then you pay back less – in line with those sales. The funding is government backed too.
The British Business Bank Investments which is backed by the UK government has invested millions via the business cash advance product giving business access to funding they otherwise would have failed to raise through traditional banking lines.
The funding is unsecured which means there is no requirement to secure your home or business asset against the borrowing. There are no hidden fees or charges – just one straightforward cost that works comfortably with your business cash flow.