Technology specialist gets behind hospitality start ups and growing providers with new Merchant Cash Advance offer
Market research indicates that since the Brexit vote, UK tourism is likely to benefit [1]. In response to the hospitality sector's continued growth, Lolly, the Point of Sale (PoS) specialist, has launched merchant cash advance - helping to support its customers to increase capacity and to meet demand. Merchant cash advances, repaid as a pre-agreed percentage of future sales, are becoming increasingly popular due to their flexible nature and the fact that the repayment plan accounts for seasonal income variations.
It provides businesses, that take credit and debit card payments, with a low risk cash advance. This financing has a much lower impact on their cash flow because repayment is based on their day-to-day trading levels.
Peter Moore, CEO at Lolly, said: “We specialise in supporting small businesses across the UK's hospitality industry. And we want to help our customers to expand, refurbish and restock, which is why we have chosen to launch merchant cash advance finance. I believe it is becoming the smarter, low risk way to finance their business. "We understand the difficulties that seasonal and fledging hospitality providers face. For many, it makes sense to have the flexibility to receive funding during quieter months - when it’s most needed - knowing that payback will happen in mid to high season."
The service is offered in conjunction with Liquid Finance Partners Limited. Eligible businesses include those which have been trading for 12 months or more, and who take between £3,500 and £250,000 per month through credit and debit card payments. Unlike a loan, merchant cash advances are unsecured and processed faster than a typical loan and give quick access to capital when needed. How much and how long a provider repays fluctuates with sales volumes - giving greater flexibility to manage cash flow.
[1] https://www.avondata.co.uk/blog/industry-news/how-will-brexit-affect-the-hotel-industry.php
Book a Demo
Please fill in the form, and we'll get back to you promptly with the information you need.
Lolly Launches Merchant Cash Advance Solution
Frequently Asked Questions
Related Posts
See all posts
Lolly partners with Gather + Gather and Vytal to launch integrated reusable packaging programme
Lolly has partnered with Gather + Gather and Vytal to launch Loop + Return, the UK's first fully integrated reusable packaging programme for contract catering. By embedding reuse directly into existing EPoS and app technology, the solution removes common barriers such as separate apps, deposits and manual scanning, making sustainable packaging choices simpler for customers and easier for operators to manage. The integration is now available to the wider contract catering sector, helping accelerate reuse adoption across the industry.
AI Is Already Running Your Operation. The Question Is Whether You're in Control.
AI is already influencing staffing, pricing, ordering and customer engagement across hospitality, often without operators realising it. In this article, Peter Moore explores the risks of "black box" AI, why transparency matters, and the practical questions every hospitality business should ask to ensure AI remains accountable, explainable and under human control.
Natasha's Law, Hospitality Business & Kitchen Management
For food businesses across the UK, food labelling has always been an important part of maintaining trust and safety. But following a tragic incident in 2016, the conversation around allergens became much more urgent.
Subscribe to our Newsletter.
Subscribe to our newsletter to get a curated summary of our latest insights delivered to your inbox monthly. No sales pitches, no spam — ever.
