The challenge
A growing independent coffee brand operating two successful sites in the UK hospitality sector was preparing to launch a new location in a high-footfall area. With ambitions to scale, the business needed funding to support shop fit-out costs and upfront rent payments, with total funding requirements estimated at over £90,000.
We referred the business to the Swoop team, recognising that specialist support was needed to navigate unsecured lending and asset finance options. The client sought a £40,000 unsecured loan over three years, alongside asset finance for specialist equipment valued at £50,000+vat. Frequent supplier changes and evolving equipment needs added complexity to the funding challenge.
The solution
Upon referral, the Swoop team quickly engaged, exploring multiple funding pathways to meet the client's needs. Initially, a £16,000 facility via Nucleus was secured in October to support early-stage site development.
Building on that momentum, the team arranged a £40,000 unsecured loan on a 2-year term, providing the capital needed to proceed with the shop fit-out and cover rental obligations, despite the originally preferred longer term.
At the same time, the asset finance team secured approval for £50,000 + VAT over 3 years. Although the asset finance structure remains under review due to supplier and equipment changes, the collaborative approach ensured the client had the flexibility to adapt their funding strategy as needed.
The results
Thanks to the advisor referral and Swoop's multi-product expertise:
- The business secured £40,000 in unsecured funding to enable their new store development.
- An asset finance approval for £50,000 + VAT was achieved, with ongoing support for evolving supplier arrangements.
- The business is now well-positioned to expand its footprint, supported by a team that understands the dynamic needs of growing hospitality brands.
By leveraging the Swoop platform, the client benefited from a specialist funding team that could quickly and effectively respond to both immediate cashflow needs and longer-term asset requirements.
If you have your sights set on growth or expansion but need funding to help you realise your dreams, visit our funding portal
https://www.hmbaccountants.co.uk/resources/funding