Restaurant finance of up to $250,000 in Australia

The hardest part of running a restaurant can be finding business funding. We can help with our flexible restaurant business loans

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Flexible, controllable funding, tailored to your specific needs.

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Hospitality finance to boost your restaurant business in Australia

Australians love to eat, drink and be merry. That’s why there are more than 40,000 restaurants and cafes in Australia.

Although the industry turns over more than $14 billion each year, it faces a number of challenges: there is a significant shortage of skilled workers in the field and the industry has one of the highest rates of job turnover in Australia.

The costs of recruiting, training and retaining staff are particularly hard-hitting for small and medium-sized businesses. Due to the competitive environment, large overheads and high rate of staff turnover, restaurant failure rates are high and the industry is seen by most banks as a high-risk sector. Alternative finance providers don’t share this view and have already helped thousands of restaurant and cafe owners stay afloat.

Hospitality finance to boost your restaurant business in Australia

Australians love to eat, drink and be merry. That’s why there are more than 40,000 restaurants and cafes in Australia.

Although the industry turns over more than $14 billion each year, it faces a number of challenges: there is a significant shortage of skilled workers in the field and the industry has one of the highest rates of job turnover in Australia.

The costs of recruiting, training and retaining staff are particularly hard-hitting for small and medium-sized businesses. Due to the competitive environment, large overheads and high rate of staff turnover, restaurant failure rates are high and the industry is seen by most banks as a high-risk sector. Alternative finance providers don’t share this view and have already helped thousands of restaurant and cafe owners stay afloat.

Is hospitality finance right for my business? Am I eligible?

An unsecured small business loan from Spotcap can help restaurateurs and cafe owners to run their hospitality businesses more efficiently. This type of finance is well suited to all kinds of small to medium-sized businesses, but particularly those which lack the operating history to successfully access finance from their bank.

To qualify for a business loan from Spotcap, your business must be registered in Australia, have an annual turnover of $100,000, have been operational for at least 12 months and have an Australian online bank account.

What are the benefits of using unsecured finance for my hospitality business?

Once your loan with us is approved, it’s up to you how you use it. You can use it to:

  • Recruit skilled workers

    Business finance can help cover the costs of recruiting top-class chefs, baristas and waiting staff. Hiring quality can make a huge difference to your sales

  • Run a marketing campaign

    Invest in social and digital tools like Instagram and Facebook to create buzz about your restaurant or cafe. A loan can help fund the inspiration and creativity needed to stand out from the crowd

  • Working capital

    A flexible business loan from Spotcap can make it easier to manage the day-to-day operations of your hospitality business. It also offers peace of mind about your bank balance

  • Retain staff

    Create an inclusive corporate culture by hosting fun company events for your staff. Our finance helps you invest in your team, giving you a better chance of holding on to them for longer

Key facts about restaurant finance from Spotcap

Loan amount

Qualifying cafes and restaurants can borrow between $5k and $250k

Loan terms

A restaurant loan from Spotcap begins as a line of credit. Draw down only what you require and then repay, typically over 6 to 12 months

Criteria to qualify

Your restaurant must be a business registered in Australia, have been operating for at least 12 months, have an Australian online bank account, and have a turnover of at least $100k

Interest rates

The rate we charge on our restaurant loans depends on market conditions and your recent business performance. Use our loan calculator to estimate the interest rate and monthly repayments

Spotcap repayment calculator

  • Amount
    $125,000
  • Time
    9 months

$14,951

Monthly repayment

For illustrative purposes only. The example shown above is based on an average Spotcap customer. We base our decisions on several criteria and loans can only be granted to borrowers who can afford repayments. For more information about responsible lending click here or contact us directly.

Monthly repayment

$14,951

  • Amount
    $125,000
  • Time
    9 months
For illustrative purposes only. The example shown above is based on an average Spotcap customer. We base our decisions on several criteria and loans can only be granted to borrowers who can afford repayments. For more information about responsible lending click here or contact us directly.

How to apply for a loan for your restaurant

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Sign up

Begin our online process by giving us basic information about you and your business

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Complete the application

To finish the application, upload your financial reports or, even easier, link your online bank account and accounting software

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Get approval

Once approved, you can expect to get access to your business loan within one working day