Finance for Hotels
When a hospitality business is ready to improve or acquire new facilities, purchase inventory, hire new staff or take on any type of improvement project, they will begin looking for sources of direct capital for hotel financing.
Unfortunately, using traditional business loans as a funding source can create a few major headaches. For one thing, "high risk loan" designations from traditional banks, bad credit or existing loans are all roadblocks that can make it next to impossible to be cleared for hotel financing. Even if you have exemplary credit, you may not be willing to wait over a month or put up collateral to gain access to liquid cash you need. This is especially true when you need cash on a time crunch and need to prepare rooms for new occupants. The longer a room is out of commission, the longer you are missing out on revenue. If you are paying a mortgage on property, you are giving money to own a room that isn't making anything, and cutting in to the number of clients purchasing services.
Horizon Business Funding recognizes that the lack of financing options for small business owners with bad credit or time-sensitive needs means the business owners who need external financing for their businesses the most are often the least able to access it. Our merchant cash advance program is an unsecured business loan alternative that is optimized for maintaining cash flows. It is fast to get approved for, and applicants are not required to have minimum credit scores and make no personal guarantees of collateral. By simply filling out the form below, one of our experienced representatives will contact you shortly and help you through the simple steps that separate you from a liquid cash infusion appearing in your bank account in as little as 48 hours.
What You Have:
- Bad credit, existing loans, a high risk business loan designation or any issue banks use to disqualify applicants for hospitality business loans.
- A hotel or motel you have been operating for at least 2-3 months. No startups.
- Monthly gross revenues of $15,000 or higher.
- Interest in financing to improve or expand your hospitality business.
What We Need:
- You to fill out the form on the right of this page.
- The completion of some easy steps that a representative will help you do over the phone.
- You can live chat with a representative to the right as well.
What You Don't Need:
Does this sound like your business? Then our financing programs for hotel and motel owners could be just what you're looking for.
Apply now by filling out the form on the right of this page.
Benefits of a merchant cash advance for hotel finance.
In the spirit of keeping things simple, we've broken down what makes a merchant cash advance a great alternative to hotel financing with high risk loans by showing where Horizon Business Funding's programs and the needs of business owners meet.
How Hotel Financing Works.
Business owners in the hospitality industry who wish to expand or improve their operations but don't want to disrupt their cash flow can take a merchant cash advance as a source of liquid capital that is available quickly and unsecured.
Do you have a project you have wanted to invest in, but have been unable or unwilling to draw cash from your revenue stream or spend time applying for a traditional loan? You can use your cash advance to improve your business in any way you choose, in as little as 48 hours from application. Funding amounts vary from $1,000 up to $1,000,000.
Once an initial advance is 70% repaid, business owners become eligible for refinancing up to 200% of the amount they originally received.
When we give you liquid cash up front, we are essentially purchasing a portion of your future sales. Repayment is taken as a small percentage of daily revenue, so that payments are always proportionate with your earnings and your cash flow is not in danger of being overwhelmed.
Access to the capital you have been looking to invest in your hotel or motel is much closer than you think. See for yourself; apply now.