With the restaurant scene still accounting for a third of food and drink spending in the UK eating out is still big business and is important. Banks understand this but to gain funding or investment the proposition put to the lender needs to be strong.
Acorn’s expertise in catering businesses will ensure your proposal is in front of a funder who is actively looking to lend and who expects to lend to you.
Acorn can also assist your business in saving money during operation. Through our contacts we have created a new service to help you save on financial products, food & non-food purchasing, insurance and employment law coverage. Click to find out more about AcornAdvantage.
We need to take more care arranging loans for restaurants as, due to high failure rates, especially in the first two years after opening, banks are reticent to lend.
Good operators are still out there and funding is available. We just have to work harder to prove its a good proposition.