There are numerous small and medium sized
hotel and motels that require hotel
loans, and we provide them with this easily and without a hassle. Getting
the funding for small businesses is not the problem, and most small businesses
are able to get the funding they require quickly and easily. We do however ask
small business owners to be ‘decided’ when they put in an application for a
business loan with us. The reason for this is very important and its due to the
fact that small businesses comprise of 99.7% of all businesses in the United
States, and as a result are the backbone of the economy.
Banks do not provide small business hotel construction loans easily and quickly, and most banks have qualification criteria that
make it very difficult for small businesses to qualify. Due to this reason
alone over 90% of all small business loan applications with the banks are
rejected.
We do provide small businesses with a loan for hotel business that they require, and the reason we are able to do this is simply,
because our qualification criteria are completely different from those of the
banks. Based on the qualification
criteria that we have, almost all small businesses who require funding can
qualify for it and obtain it very quickly. Mentioned below here are the
qualification criteria that we have to provide you with a hotel loans;
1.
The owner of the business
should not be in any kind of active bankruptcy at the time of the loan
application.
2.
The gross income of the
business should be at least $10 thousand a month or over that amount.
3.
The age of the business needs
to be at least 12 months old or over that, and the business needs to be a
running business.
According to these very basic and simple
qualification criteria that we have mentioned here, almost every small business
owner will be able to qualify. Also, there are other features that are
mentioned below here that make the entire process hassle free and quick for
you.
We do not require high credit scores like
the banks do to provide small hotels and motels with hotel loans, and
the reason for this is because credit scores are not part of our qualification
criteria. Typically, banks require credit scores that are high, and most small
businesses are unable to meet the requirements of the banks and thereby are left
without a choice. Typically, banks require credit scores from small businesses
that are in the 700s.
Collateral is something else that we do not
ask for nor require when we provide motel loans. The reason for this is simple as well, it’s not part of our
qualification criteria. This is a very good feature for small business owners
many of who do not possess the collateral that banks and various financial
institutions require.
We also provide loan
for hotel business very quickly, and our processing time frames are
at the quickest within 48 to 72 working hours from the time we receive the
funding application. At our usual processing speed we would not take over a
week to ten days to provide small businesses with the funding that they
require. Banks on the other hand unfortunately will take a lot more time than
that, for the simple reason that banks do require a lot of paper work due to
their stringent qualification criteria.
For more information related to instant small business loans contact
us. Our funding team will provide you with the information you require and also
assist you with filling the application form. Additionally, if you wish to fill
the application form yourself, simply click on the ‘apply now’ tab and fill in
the details yourself, which works as well.