How Hotels can get quick business loans?

For small businesses that are looking for hotel loans we provide them with that, and the funding that we provide is easy to obtain and hassle free. The entire process of applying through to receiving the funding with us is very quick and simple, and most small businesses easily qualify for the funding. We do however ask small businesses to be ‘decided’ about the funding, the reason for this is because small businesses comprise almost 99.7% of all businesses in the United States. Due to this small businesses make up the spine of the economy of the United States.

Banks do not prefer to fund small businesses and consider them to be ‘high risk’ for funding. Due to this the qualification criteria that banks have for small businesses is very stringent, and most small businesses are unable to qualify with the stringent criteria. As a result over 90% of all small business loan applications are rejected by the banks.

We do however provide small businesses with the funding that they require, and this is because our qualification criteria are completely different from the criteria of the banks. With the criteria we have almost every small business can qualify for the funding that they require. Mentioned below here are the qualification criteria that we have, and based on these almost any small business owner can ascertain for themselves whether they qualify for the funding or not.

1.       The business needs to be at least 12 months old and it also needs to be a running business.

2.       The owner of the business should not be in any form of active bankruptcy at the time of the application for the loan for hotel business.

3.       The gross income of the business needs to be at least $10 thousand or over that amount.

Based on the simple and easy to qualify for qualification parameters mentioned above, most small businesses can easily qualify for the funding they require. Also mentioned below here are the other features that make the funding process simpler and quicker.

The processing time frames that we have for instant small business loans are very quick, and at the earliest we can provide you with the funding within 48 to 72 hours from the time we receive the funding application. At the most we would take a week to ten days and not much time over that. Banks on the other hand do not process the funding so quickly due to the fact that they cannot process the paper work so quickly, and banks do have stringent requirements which complete matters even for the applications that the accept.

We do not require excellent credit scores to provide small businesses with the hotel loans that they require, and we even work with businesses whose credit scores are in the low to mid-500s. Banks on the other hand do not provide small businesses with the funding they require if their credit scores are not in the 700s. We are aware that most small businesses do not have credit scores that are in the 700s, and as a result this is a very beneficial feature for those whose credit scores are damaged.

We don’t ask small businesses for collateral, personal guarantees or any kind of security either. Again this is a very beneficial feature for small businesses, and most small businesses are unable to fulfill the collateral and security requirements of banks for hotel construction loans. The reason we don’t require collateral is because it’s not part of our qualification criteria, however banks do require collateral and security.

For more information related to hotel financing companies contact us. Our funding team will provide you with the information you require and also assist you with the application form. Alternatively if you wish to fill the form yourself online, simply click on the ‘apply now’ tab and fill in your details.