New start restaurant


Term: 3 years
Amount: £400,000
Feature: interest-only term with security offered by family members

An excellent young chef, having gained experience working for others, decided to set up their own first restaurant.

They found high street premises, negotiated a 10-year lease, worked up a full restaurant layout and operating schematic for the business, and only required funding for the new enterprise. Their parents were happy to help them with the business idea and share in their journey, so became small shareholders and directors in the new company.

The requested loan facility, which fitted best with the business plan and cash flow projections, was a three-year, monthly payment, interest-only commercial loan of £400,000. At the end of the three-year term it was expected that the facility could either be repaid in full or refinanced on a fully-amortising basis over a further five years.


The chef and their parents all provided directors' guarantees in support of the loan and, in addition to this, the parents also offered a second charge over their residential property as security for the advance.

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Do you offer flexible payment terms for new start businesses?

Yes, we are happy to offer a low start payment option and in some circumstances we are happy to consider seasonal repayments.

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Short term business loans

Our short term facilities have a transparent payment profile of anything from 3 - 18 months allowing your clients to free up cash flow to run their business.

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Long term business loans

Our longer term facilities are available for periods of 5 to 10 years.

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Secured equipment leasing

Purchasing equipment outright often requires a significant investment. Accredo provides secured equipment leasing options for most asset types including second hand equipment as well as leases for intangible assets such as software.

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Our products

We provide secured business loans from £25,000 to £1,500,000 specialising in solutions for new-starts, difficult credits and established companies. We lend against residential, commercial, mixed-use and buy-to-let property. 

We aim to give decisions in under three working hours. Our repayment terms are from 3 months to 10 years. And we offer fixed repayments or flexible terms such as seasonal payments, deferred payments and interest-only.

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