If you’re a restaurant owner in the UK, you know that opening a new restaurant or refurbishing an existing one can be an expensive endeavor. From kitchen equipment to seating and decor, there are many items you need to purchase to create a welcoming and functional space for your customers. That’s where First Oak Capital comes in – we specialize in restaurant fit-out finance, helping restaurant owners like you secure the funding you need to create the perfect space for your business.
At First Oak Capital, we understand that every restaurant is unique, which is why we offer a wide range of financing solutions tailored to meet the specific needs of our clients. Our extensive network of lenders allows us to find the best rates and terms available, saving you time and money in the process.
Fit-out finance is a type of lending that’s specifically designed to help businesses acquire the assets they need to fit out their space, whether they’re opening a new restaurant or refurbishing an existing one. Rather than taking out a traditional business loan, fit-out finance allows you to borrow money to purchase specific assets that you’ll own outright once the loan is repaid. This can be a more cost-effective way to acquire assets, especially if you’re looking to purchase expensive equipment or furniture that would be difficult to afford outright.
One of the most significant benefits of fit-out finance is that it’s typically more accessible than other types of business lending. Because the assets you’re purchasing serve as collateral for the loan, lenders are often more willing to lend money to businesses with less-than-perfect credit. This can be a huge advantage for restaurant owners who may be struggling to secure financing through other means.
At First Oak Capital, we can help you secure fit-out finance for a wide range of items, including kitchen equipment, seating, air conditioning, alarms, lighting, and point of sale systems. Whether you’re opening a new restaurant or refurbishing an existing one, we can help you find the right financing solution for your needs.
For example, we can help you secure a hire purchase agreement, which allows you to purchase an asset while spreading the cost over a set period of time. You’ll typically make monthly payments over the course of the agreement, and once the loan is repaid, you’ll own the asset outright. This can be an excellent option for restaurant owners who need to acquire expensive assets but don’t have the cash on hand to pay for them upfront.
Alternatively, we can also help you secure an operating lease, which allows you to lease an asset for a set period of time. Unlike a hire purchase agreement, you won’t own the asset at the end of the lease term. However, this can be a more flexible option, as you can often upgrade to newer equipment or furniture at the end of the lease term.
In addition to fit-out finance solutions, we can also help you secure other types of business financing, such as cash flow loans or credit facilities. These can provide you with the funds you need to manage day-to-day expenses or take advantage of new business opportunities.
At First Oak Capital, we’re committed to providing the highest level of service to our clients in the restaurant industry. We understand that navigating the world of finance can be overwhelming, which is why we’re here to guide you through the process and help you find the right solution for your unique needs.
Our experienced finance brokers can provide you with personalized guidance and support, helping you understand the various finance products available and choose the one that’s best for your business. We can also help you save time by doing the legwork for you, sourcing loans from over 100 lenders to find the most competitive interest rates and terms available.
If you’re a restaurant owner in the UK and you’re looking to open a new restaurant or refurbish an existing one, First Oak Capital can help. Contact us today
Partnering With a Restaurant Fit-out Finance Specialist
Fit-out finance specialists such as the team at First Oak Capital can help you find the right asset and cash flow finance products for your business’s needs. Get in touch with our team at 0800 066 3677 or get a quote to get started today!
