Finance for Start-Up Leisure & Hospitality Businesses
With the right foresight, a high-end leisure centre or thriving hospitality spot can support local communities and attract wider audiences. And with flexible funding, your vision can become a reality by spreading the cost using fixed, monthly repayments.
If you’re purchasing equipment and furniture, carrying out renovations, or launching a marketing campaign, the right finance solution can make opening so much easier. You can get your venture up and running and money coming in without the large initial outlay.
Setting up a leisure or hospitality facility, such as a hotel, gym franchise, family entertainment centre, or amusement attraction, involves a lot of expenditure. Origin has access to a panel of over 120 lenders, many of whom are industry specialists.
Origin provides asset finance for new and used equipment through to full fit-outs, and business loans to cover legal fees, rent deposits, stock, and franchise fees. We can assist with any requirement of £10,000 upwards.
Are high upfront costs stunting your start-up’s growth? Distributing payments over a period of time could help significantly – explore our funding options today.
Leisure and hospitality finance covers many products such as hire purchase, finance lease, business loans, and merchant cash advance. Origin allows you to counter the ever-increasing cost of equipment, fit-outs, and stock, by offering funding solutions spread over a period of up to seven years, comprising fixed monthly repayments.
Many of our lenders are specialists in funding the leisure and hospitality sector, so they understand seasonality and market fluctuations. Your dedicated account manager will match you with a lender whose terms and repayments suit your circumstances.
Can Origin cover the entire cost of leisure & hospitality needs?
Yes! Origin provides a turnkey finance solution to cover all your requirements. If you’re purchasing equipment or having a full fit-out, we can also fund building works, delivery, and installation into one fixed monthly repayment. We can easily accommodate multiple suppliers and adhere to the payment terms you have agreed with them.
Can you get finance for start-up leisure & hospitality businesses?
Yes! We offer finance to start-up leisure and hospitality businesses of all shapes and sizes. Whether you’re launching a hotel, gym, family entertainment centre, or amusement attraction, we’ve got the panel of lenders to make this happen. Whether you know exactly what you need or would prefer an initial chat as you work everything out, we’ll help as much as we can.
How do I know whether I’m eligible for leisure or hospitality finance?
If you’re unsure whether you’d be eligible for our finance solutions, try our eligibility checker. We just need some basic information from you and you won’t have to enter any personal information. Alternatively, why not set up a discovery call with a member of the Origin team?
How do loans work for leisure & hospitality businesses?
The lender will release funds directly into your nominated business bank account. You can utilise these funds within your business in any way you see fit, such as purchasing stock, covering legal fees, renting deposits for new premises, or simply boosting working capital. You will then repay the lender in fixed monthly repayments over a period of up to seven years.
How does equipment finance for leisure & hospitality businesses work?
At Origin, we are happy to make payments to as many suppliers as needed, all chosen by you, whether they’re based in the UK or abroad. We will also mirror the payment terms you have agreed with your chosen suppliers (e.g. 50% deposit on order, 40% on delivery, and 10% on install). You will then repay the lender in fixed monthly repayments over a period of up to seven years.
What different finance solutions does Origin offer?
We offer a range of finance solutions to businesses of all shapes and sizes and in every sector: Government-backed lending schemes; asset and equipment finance, including finance lease and hire purchase; business loans; and refinance. We also provide expert guidance and insight into commercial finance and can support you with Government-backed funding options.
What type of finance is best for the leisure & hospitality sector?
Asset finance and business loans are generally the most utilised types of finance to support leisure and hospitality businesses looking to fund their new ventures. Exactly what the right kind of finance is will depend on your operational needs and budget. After an initial conversation with Origin, we can help determine the right type of finance for you.
Finance for Start-Ups
What start-up businesses can Origin help?
We've worked with start-up businesses of all shapes and sizes, across a wide range of sectors.
