The Confident Way To Approach Banks For Securing Bed And Breakfast Finance

Stewart Hindley & Partners LLP present a dedicated service to those who have determined they are committed to owning and running a Bed & Breakfast. Whilst the UK is renowned for its Bed & Breakfast industry - the per annum turnover exceeds £2billion - people have found it more challenging than one might expect to raise finance and loans to enter into this form of business. Challenging, at least, if they approach banks and lenders on their own. The dedicated service Stewart Hindley presents ensure that a business case addressing the unique elements of the industry is created to present by those seeking to raise Bed & Breakfast finance.

As a general rule, banks have a traditional view on business loans and mortgages. This is to say that, unless someone presents them with reason to do otherwise, they have a universal criteria in place to assess the validity and viability of loan applications against, no matter what industry or sector that business is in. Against such a standard, virtually all Bed & Breakfast finance loan applications would fail. Banks and potential lenders need to be presented with a conclusive business case that explains the way in which Bed & Breakfast businesses are successful, engaging them in a process to reach a supportive form of loan terms which is amicable and mutually beneficial. Stewart Hindley & Partners LLP work to construct the kind of case to present required.

Loans and mortgages for any business usually involve monthly repayments at a fixed or set rate. Such an arrangement is detrimental to the successful running of a Bed & Breakfast, due to the seasonal nature of their business. Coastal towns and resorts, for example, experience a significant drop-off in bookings over the winter months, with some electing to rather close down all together in the coldest months. To take this example further, at present there are over 100 Bed & Breakfast businesses listed for sale in Blackpool, which is one of the most popular and successful areas in the UK for the accommodation business. There is no lack of interested parties seeking to buy these businesses, but the majority of potential buyers report the same thing - that banks turn down the loan application out of hand. In these instances it would seem clear that no approach has been made of a nature that shows how a flexible, supportive set of loan terms from the bank or lender would be of benefit to both parties.

Due to their experience, qualifications and accreditations in both the world of finance and in running leisure and hospitality sector, Stewart Hindley & Partners LLP have a peerless level of insights and knowledge into what is required to achieve both a successful business and to gain successful finance. When a property or existing Bed & Breakfast business has been identified, their specialists will assess it. Stewart Hindley & Partners LLP will present a detailed valuation and worth with the potential buyer to draw up an operational, working business plan for the Bed & Breakfast. Presenting this form of qualified information to banks and lenders gives them a clear indication of how their flexibility can support the growth in a business required to ensure repayments.

Stewart Hindley & Partners LLP have representative offices across the UK. They are strategically placed to allow close support for Bed & Breakfast businesses based in any part of the nation. Raising Bed & Breakfast finance and loans requires presenting banks and financial service providers with the information they understandably need to have in order to make an informed, supportive decision. Working in close partnership with Stewart Hindley & Partners LLP delivers a strong, comprehensive case depicting how the business will work and how the loan will be serviced.