Financing for Hotels

Getting a hotel loans through the bank may not always be the easiest thing in the world, and this is because banks are not keen on funding small and medium sized businesses. The lending policies of banks are quite different from that of other lenders, and they have very stringent qualification criteria.

As a private lender Funding Easily does not work with the same criteria that banks have. Our criteria are far more practical and friendly toward small business funding, typically we offer loan for hotel business and motel loans.

To qualify for the hotel loans that we provide, there are certain features that apply, these are simply as follows; the hotel or motel should be at least one year old or 12 months and running at the time of the application of the loan. The owner of the business should not be in any form of active bankruptcy at the time of the application of the loan. Finally, the gross income of the business needs to be at least $10 thousand in a month.

These criteria are easy for almost every small business to qualify for, and most of the hotels and motels that apply for hotel loans qualify for the funding. Banks on the other hand unfortunately end up rejecting about 90% of all business loan applications that they receive. Banks are in a nutshell looking to fund big business and not small businesses, as big businesses are considered to be a more secure funding option.

Additional features that are associated with our funding are also mentioned here. We do not require collateral security and personal guarantees to provide a small business funding for hotels. As a small business funder we also fall into the category of hotel financing companies, and we do also finance motels.

Other benefits of approaching a private lender for hotel business loans is that we do not demand high credit scores from the business owner. Unlike banks our qualification criteria are very simple and are mentioned above.

Contact us for more information related to loan for hotel business. Our funding team will provide you with the information that you require and assistance with filling in the application if required.