Business Loans for Garden Centres

If you’re the owner of a garden centre and need a cash boost, there’s no better product than a garden centre business loan.

You may have already contacted your local high street bank and found the process to be lengthy and outdated, failing to guarantee you the outcome you desire.

This is where our alternative method of a garden centre business loan will work perfectly for you. Being the owner of a garden centre can be an extremely rewarding endeavour for any businessman. You can find great success while running a garden centre as it’s such a staple of our British marketplace.

You’ll find yourself with many clients that share a similar keen interest as you, allowing you to find a connection with your customers and enjoy their company, rather than just seeing them as something you can make money from. This is what will make the role enjoyable for you.

What is a Garden Centre Business Loan?

Garden centre loans enable owners of garden centres or nurseries to receive a lump sum amount of money to invest and spend on their businesses, repayments are made in a set scheduled monthly with interest added as per the finance agreement. Finance is available for garden centres between £5,000 and £200,000, with repayment terms of 1 to 5 years. Our garden centre support are totally unsecured, unlike secured loans, meaning you are not required to provide collateral as security for this type of finance, like a charge on your family home.

This funding option is suited to garden centre businesses of all sizes, so whether you own a small or large business, you won’t be let down by our product. Our garden centre finance is a type of unsecured business lending, which means it’s a flexible funding option for you. It has no requirement to secure any personal or business assets against the loan. This makes it easier for you to acquire than a normal loan.

Finance for Garden Centres & Nurseries

Did you know that over two-thirds of British adults visit a garden centre every year to purchase plants? The horticultural market is so wide that you’ll never find yourself struggling for clients, so giving your business a big financial push will help to certify success and take it to the next level. HTA also go on to state that, “The combined area of the UK’s domestic gardens is roughly the same as the whole of Somerset, and You can burn off 87 Mars bars a year by doing some light gardening for one hour per week (e.g. raking, weeding)”.

So, exactly how big is the UK garden market? Well, it’s much larger than you would likely think. Ornamental horticulture and landscaping in the UK made an estimated £24.2 billion contribution to national GDP in 2017. The garden market is also to thank for a huge amount of jobs in the UK. Around 568,700 jobs are supported by ornamental horticulture and landscaping, which is the equivalent to one in every sixty-two jobs around the country.

These stats come from the economic impact of ornamental horticulture in the UK report, 2018. You can view it by clicking here. The report covers a range of concepts relating to the UK garden market and it’s well worth reading if you’re the owner of a garden business or looking to push forward in that sphere.

In the retail sector the garden and plant market is actually one of the rare success stories that are continuing to go strong, which is perhaps the most impressive thing it can lay claim to. Garden Centre Buyer states, “The January 2019 issue of HTA Market Update found that garden centre sales were up by 3% in 2018 compared to 2017. Houseplants were star performers, up by 15% year-on-year. Christmas categories saw strong growth in 2018 with December sales 9% up on 2017”.

This indicates that business is still booming for the UK garden market, which is currently valued at being worth over £5.7 billion. There are currently around 2300 garden centres and retail nurseries around the country.

Types of business finance for Garden Centre’s

There are a number of types of business finance that garden centres and nurseries can access in order to develop their businesses, each type of finance offers a differs type of support and all come with their own pros and cons.

Merchant Cash Advance

Merchant cash advance for garden centres will be unique to all garden centre businesses. The team of experts will analyse where you need the financial help and discuss with you how you can best achieve your business goals in the future. By using our cash advance calculate it will give you a guide on how much your business can borrow by factoring in your monthly credit and debit card transactions.

The percentage of each future card sale that is repaid to your lender is agreed prior to the conduction of the loan. This means you’ll know exactly how much you’re going to have to pay back with each sale, plus you’ll know that you only start the repayments once you’re making sales. Basically, if your garden centre has a slow sales week, you’ll repay less. Therefore, you won’t be under the constant pressure of attempting to reach a certain amount of profit each week. There are no hidden costs or fees, so you won’t be on the receiving end of a nasty shock once you take out a merchant cash advance.

The garden centre industry is one of the most competitive retail markets in the UK today, therefore we understand the need for a unique, personal experience. That’s exactly what our garden centre business loan offers to you as the customer. We take each case different and a member of our expert team will advise you in how you could invest the money, should you choose to enquire.

This type of finance is not authorised and regulated by the financial conduct authority.

Business Lines Of Credit

Lines of credit provide a funding solution for nurseries and garden centres with works perfectly should you just need to dip into reserves every now and then. It works like an emergency overdraft as and when you need it. The way it works is similar to a credit card, this means you don’t pay interest on a line of credit unless you use it. You have a set amount say, £10,000 to draw down. Once you have drawn down, you start to pay interest and a capital repayment. Once you have made repayments, your line of credit will be replenished to its original amount.

Equipment Financing

This type of business finance is also known as ‘Asset Finance’, it works best for the purchase of expensive equipment. Equipment Finance enables you to acquire an asset while paying for it in instalments over an agreed timescale, also know as the term. At the end of the term, you have the option to purchase the asset outright usually for a nominal fee of £10.00.

This is a perfect solution to cashflow as the cost of the of investment is spread over the life of the asset, making it easier to budget. Once the lender has been paid off, the full ownership of the equipment will be passed over to you. One down side is that if you fail to make repayments and default, the lender will reclaim the equipment being financed.

Credit Card for Business

Your garden centre can build up its overall credit status by getting a business credit card. The larger credit limits offered on a business credit card make them a perfect option for larger purchases, compared to personal cards.

A number of credit card providers such as American Express also offer cash back and rewards points that could benefit your business. This is a great way to save money on future purchases while gaining points for spend incurred by your work.

Its important to keep on top of repayments to prevent the card from incurring interest-heavy debts.

Unsecured Business Loans

Unsecured business loans for garden centres offer a fast and flexible way when you require cash for growth or to pay those unexpected bills. The come with repayment options of up-to 5 years and competitive rates of interest.

A down side to this type of finance is that lenders require to see at least a year in business, if not they may require a guarantor or security.

How will Business Finance help your Garden Centre

Business finance can help your garden centre to grow. The money can be used for anything that is business related these include:

 We’ve helped thousands of businesses just like yours get the funding they need for:

• Training new staff
• Purchasing new stock or equipment
• Refurbishing premises
• Relocation
• Advertising
• Helping with cash flow
• Building a new website
• and even more

The garden centre business finance can be used for many different purposes. You may wish to use it to invest in new stock, move into a new location, or even help to bolster the marketing that will gain you new clients, it’s entirely up to you. You can apply for a free, no obligation quote today and find out if your garden centre qualifies for one of our business cash advances.

Apply for a garden centre funding online:

Step 1:

Visit our application page and provide the relevant information to apply online. This will ensure that we match you with an ideal lender. We will then ask you for further information about your business. You’ll need to be ready to tell us the following:

• • The name of your business
  • How long you’ve been in business
  • Your average monthly card sales turnover
  • The amount your garden centre is looking to raise
  • Registered office address, and company number

Step 2:

Will will then require a few personal details, so please be ready to tell us:

• • Your title, along with you first name and surname
  • The person in the business that is seeking a loan
  • Email and telephone number, so that we can stay in further contact with you

Step 3:

Read through our terms and conditions carefully, and if you’re happy to continue, click ‘get a quick quote’. From here your application will be processed and reviewed by a member of our business finance suppliers team, who will help you find the correct lender for your emergency business finance.

Step 4:

We will then be in touch with you to confirm the conditions of your loan/finance agreement.

Step 5:

Once the application is complete, it will be sent off and approved by a lender. You can then have a discussion with them regarding the terms of the loan. These terms will include interest rates, as well as how much the borrower will repay each month. The loan is then provided to you on an agreed and transparent basis.

Frequently asked questions

What is a garden centre business loan?

Garden centre business loans are unsecured borrowing which are used to help finance garden centres and nurseries. This type of funding helps garden centres to expanded, it allows the introduction of such things like cafés and gift shops, some require businesses finance to keep up with the changes within the industry.

How much can my garden centre borrow

A garden centre can borrow up to £200,000 unsecured, the term time is offered between 1 - 5 years.

How do I get a business loan for my garden centre?

To get a garden centre business loan you simply need to apply online and decide how much you would like to borrow. Once you have completed an application form and provide information about your garden centre such as how long you’ve been trading for. Then simply complete the personal information disclose such as your full name and address, as well as your email address and telephone number so we can contact you. Once the form is submitted and your application has been accepted, one of our account managers will be in contact to discuss terms and conditions with you.