Business loans for motels and hotels


For motel and small hotel owners looking for the best source of funding for their businesses, we provide hotel loans and motel loans. As a private lender our requirements are different from those of banks to qualify the business for the funding. 

To provide hotel business loans we have a very simple approach to the qualification criteria required, which is very different from the way banks do it. Our criteria are as follows, the business needs to be at least 12 months old or over, the owner of the business should not be in active bankruptcy, and the gross income of the business needs to be at least $10 thousand or over. 

There are few other features that are associated with the loans for hotels that we have, which makes the entire process for small business owners easier. We do not require high credit scores, and often work with credit scores that are in the mid-500s. This is important for many small business owners whose credit scores are poor or below average. Banks on the other hand will not entertain these applications for business funding for hotels, as banks do work on the credit scores of businesses. 

We do not ask for collateral and security either from small business owners for loan for hotel business, as typically many of them are not able to do so. Banks on the other hand again do require collateral and security or personal guarantees for hotel financing. 

Another feature associated with the funding that we provide is the turnaround time frame. At times we are able to process the application very quickly, and this is very beneficial to small business owners. The quickest we are able to process the application, is within 48 to 72 hours from the time we receive the application. 

Typically a bank will take a lot of time to do the same, as their primary concern is not getting the money to the business on time, but rather to secure the funding they are providing. This process of instant small business loans could take anywhere from a month to a few months generally. 

Contact us for more information related to hotel construction loans and hotel financing companies. Our funding team will provide you with the information and assistance you require, and also with the filling of the application if necessary.
Location: United States

Comments

Post a Comment

Popular posts from this blog

Apply for Small Business Loans

Image
When applying for small business loans, consider these things before making a deal. In this article, we mention the important that help you to apply for the loan in a secure way Do you want a small business loan? Before you approach any lender, there are certain things which you need to consider when applying for small business loans . Doing so will improve your chances to find the best loan programs from reliable firms which can provide you what your organization needs. If it is your first time to apply for the loan for your business, then do be in hurry, consider these things before signing up the agreement with the loan provider. Small Business Loans Are Not Same Small business funding comes with a wide range of features such as different payment terms, different rates of interest, loan-able amounts, application requirements, payment terms, and arrangements etc. It is your responsibility to find the best combination of features that benefit your enterprise without mak
Read more

Merchant Cash Advance for Small Businesses

For small businesses and medium sized businesses we provide them with merchant cash advance without a problem. The entire process is simple and quick, and most small businesses are eligible for the funding that we provide. The qualification criteria for the funding is mentioned below here. The majority of businesses in the US are small businesses, approximately 99.7% and as a result the entire health of the domestic economy rests almost solely with small businesses. For this reason alone it’s essential that small businesses remain healthy and in a good financial position.    Banks are not interested in funding small businesses as they consider these to be a ‘high risk investment’. Due to this reason the banks have very stringent qualification criteria for small businesses, and most small businesses fail to qualify for the funding as a result. We do provide small businesses with the funding that they require, and our qualification criteria are completely different from those
Read more

How to Get Restaurant Funding For Your Business?

Image
Small business loans are also needed by restaurants but are often rejected by banks when they make an application. The best way to overcome this problem is mentioned below. Applicants for with  restaurant business loans  banks are confident that the institution will approve their application. Unfortunately, they are often disappointed because banks in most cases reject the applications as they consider small and medium-size businesses risky investments. Private funders do not have any bias against small businesses and willingly accept applications for small business loans for restaurants. The criteria private funders require applicants to satisfy are relaxed to ensure that the needs of the restaurant owner are satisfied. Making Applications for Small Business Loans For Restaurants When restaurant owners need small business loans for restaurants they are advised not to contact banks but prefer instead to deal with private funders. Business owners that heed this advic
Read more