Motel Hotel Business Financing
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Perfect Motel Hotel Business Financing Does Exist
Over 90% of businesses in the U.S. are small businesses with under 50 employees.
In fact, it is said by financial experts, that most of the economy in the United
States is produced by the small business, but then, why is it so difficult to get
a small business loan. More than half the small businesses in America do not qualify
for a small business loan, and most of these ventures are considered 'high risk'
by banks.
Even when you do own a motel, obtaining motel hotel business financing can be near
impossible, unless you have some type of collateral.
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Even then, when you do go through all the application process and the process of
applying to an endless number of lenders and banks and being turned down, your self
esteem ends up being so downtrodden that you even begin to wonder if that small
hotel of yours is worth keeping.
Now you have a very viable option
Today, there is good news in the motel - hotel business financing industry. There
is a loan option out there that is not that difficult to qualify and which can give
you the funds you need to remodel, buy linens, furniture or anything else your hotel-motel
business needs. Most businesses qualify for this type of loan, and best of all,
there is not a lot of documentation that is needed. You can get approved in as little
as seven days and be funded for those new additions you need for the hotel or motel.
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And the requirements are minimal
There are a few requirements to getting this loan. You have to be accepting credit
card transactions, and those transactions need to be of at least $5000 a month.
The process is simple, every month the bank, takes a small percentage of your credit
card sales to make the monthly payment. So, let's say your monthly payment on the
loan is $500, instead of your having to write a check or go to the bank and make
that payment, the bank takes the amount directly from your monthly credit card sales.
This is new concept tailored keeping in mind your specific needs
This type of motel hotel business financing has only been around for a few years.
Because there has always been a problem in securing a business loan, and thus the
reason for so many of these loans being denied, This type of loan was created. In
this way, the lender secures the money, through the credit card transactions, and
the business owner gets the money he needs to operate.
Your additional costs are covered, and you don’t need a good credit score
This way of obtaining motel hotel business financing allows the owner to cover additional
costs of remodeling, furniture buying, or the hiring of additional staff. This is
a loan, where the owners personal finances or credit rating does not affect his
ability to obtain funding for his business, in which the business can be pre-qualified
within 24 hours, and recieve the funding within 7 to 10 days.
Take the leap and focus on what is really important – your business!
Another great benefit in this type fo motel hotel business financing lies in the
fact that collateral is not needed, nor oare there any closing fees, or the need
for documentation like financial statements, a tax return, etc. There is not need
for a background check or in having your entire financial background checked out.
This loan is solely based on the amount of credit card sales you have, and the payment
is done from that amount directly. What could be better?
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