Apply for Hotel Business Loans

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.