Need financing or a loan for your hotel business?
Obtaining financing for your hotel, motel, or inn may be a challenging task in todays financial market. Often times business owners refinance their properties and "pull out" any available equity to use for working capital. This is not always an option for many property owners because they have either already done this or the value of their real estate doesn't appraise high enough. Our Merchant cash advance can provide quick and easy financing without the hassles of a traditional bank loan.
We provide businesses with the cash they need to run their business and can be a great way to obtain fast unsecured financing. We do not require a long approval process or financial statements. Merchants with bad credit can still get approved and there is no personal guarantee required.
The advance is based on future credit and debit card sales and is paid back with a small percentage of the daily batches.
This way if sales are down you pay less.
"Based on 1 to 4 months of recent credit card processing statements" A hotel that averages $2,600.00 in credit/debit card sales daily or $78,806.00 monthly can receive up to 125% of monthly processing".
*Merchant : $98,507.50
ARE THERE ANY UP-FRONT COST?
There are No Up-Front Cost or Application Fees!
HOW DO I MAKE PAYMENTS?
There are no fixed monthly payments. Our repayment is retrieved through a pre-determined small percentage of each credit card transaction. This way if