The funding solution has enabled Taj Bar and Kitchen to develop 3,875 sq ft of space above its restaurant, creating a 10-bedroom luxury hotel.

The newly-opened DeiRa Hotel & Apartments are designed to meet the increased demand for high-quality accommodation from golf tourism – a market worth £40m each year to the Ayrshire economy.

The Ayrshire coast is world-renowned for golf, boasting over 40 courses, including many of championship standard such as Trump Turnberry, Royal Troon and Dundonald Links.

The family-run restaurant and hotel business is part of R&J Uppal Holdings Ltd, which boasts an extensive property portfolio, comprising of other commercial and residential properties in Prestwick.

Perry Uppal needed a flexible and rapid finance provider that could unlock the funding deal quickly to complete the building work in time to capitalise on the remainder of this year’s golfing season.

Mr Uppal, director of R&J Uppal Holdings, said: “We recognised that expanding our existing restaurant business – by creating a new luxury boutique hotel – would enable us to drive further business growth and capitalise on the lucrative golf tourism industry across the Ayrshire coast.

“We’d struggled to secure funding through banks, which meant seizing this market opportunity would only be made possible if we could move quickly and find an alternative lender that understand our vision for the business and could deliver a tailored solution.

“The team at Reward have gone above and beyond to provide working capital at a pace needed to meet construction deadlines, minimise disruption to our restaurant business and open before the end of the golf tourism season.”

As of this year, Dunfermline-based Reward has lent over £25 million to companies across Scotland.

Lucie Martin, business development director for Reward Funding in Scotland, said: “We are seeing a significant increase in Scottish property investors and businesses approaching us because they have been unsuccessful in securing finance from traditional funders.

“Our purpose is to fill the void left by banks and offer an alternative solution which unlocks business growth opportunities for companies across a range of sectors. This also plays a wider role in ensuring the Scottish economy doesn’t stand still or even retract due to a shortage of finance.

“It’s been a pleasure working with Perry to provide the funding as a catalyst for future business growth and we look forward to supporting them every step of the way.”

The deal between R&J Uppal Holdings Ltd and Reward Funding was introduced by Robert Perrie from TWO Business Finance.