Hospitality finance

Applying for a business loan for franchise funding means you’ll have an easier time getting approved when compared to opening a completely new business. However, you’ll still be subject to the usual finance application process, meaning your net worth and credit history will be assessed, and you may be required to provide security. Need help getting started? Request a quote and chat with one of our lending experts.

According to the Restaurant Startup and Growth magazine, it can cost around $650,000 to start a restaurant in Australia, although the exact number will depend on factors like location, concept, and size. Obtaining a business loan to open a restaurant can help cover these costs and make the start of your hospitality journey a lot smoother.

If you've been looking into business loans for restaurants, bars, RSLs or tourism services, we can help. Fill out our quick form, and our lending experts will then get in contact to confirm your details and find the right funding solution for your needs.

Different lenders require different documentation, but at the very least, you can expect to provide business registration details, financial, tax and cash flow statements, and balance sheets.

With Valiant, you can get funding in as little as 24 hours.

It’s not impossible, but lenders do prefer borrowers with a history of successfully repaid loans, so it’s important that you pay debts on time and manage your credit usage. If you have a poor credit score, check if any information on your record needs correcting or could be fixed. If you have current debts, try to drive those down before you apply for hospitality finance.

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