For hotel loans specifically Funding Easily provides customized loan packages. These are some of the basic requirements of all hotels who need to periodically renovate and upgrade. As many hotel loans would have figured out, applying to the bank for funding may not have always worked out as planned.
Banks have many reasons for rejecting hotel loans applications from small businesses, and these are primarily related to securing their money from bad investments. The difference of opinion lies in the fact that a bad investment for a bank is based on criteria which are in many cases out dated, as these criteria have been collated over decades. Now since the economic situation has changed and so has the requirements of businesses, most of the criteria of the banks to provide motel loans are not practical.
Here we are able to provide hotels with some of the easiest loan for hotel business options available to them. The funding doesn’t require much qualification criteria, simply put the hotel construction loans needs to be over a year old, 12 months, and the hotel should have a gross monthly sale of over $15 thousand. In addition to this the owner of the hotel should not be in bankruptcy.
Funding Easily provides business loans for hotels making this one of the easiest methods for any hotel to obtain funding. Some of the benefits of this kind of funding is the quick time frames. The quickest that a business can obtain the funds in their own account is 48 to 72 hours from the time that they submit their application with us.
Loan for Hotel Business
For hotels funding easily requires no collateral no security and no personal guarantees, and even if the credit score of the business is poor its not going to hamper the loan application much. On the other hand banks will not accept a motel loans application of a business whose credit score is less than 700+, and that does not necessarily mean they will qualify for the bank loan.
For more information regarding business funding for hotels, do get in touch with our funding team. Our funding team will provide you with the information that you require and also with filling out the hotel loans application.
Hotels form majority of our clients. Check out your options now