Like any investment-heavy business, running a motel or hotel can be expensive. Although considered a service industry, you are still selling an accommodation product while offering quality service. Hotels and motels need cash infusions to help pay for expansions, new hires and upgrades. Business owners need business financing to ease their minds as to how they can renovate their premises to attract more customers.
Most hotel and motel owners have a hard time applying for traditional loans since lenders see this type of business as a high risk. Bank lenders consider the hotel motel business a high risk venture mainly because their success is based on external factors. The local economy health and level of tourism in the area often plays a huge role in determining the risk assessment of a hotel or motel applying for funding with a bank. Hotel owners need to obtain the right financing to fit their business needs and help secure their future.
The best place many hotel and motel owners can turn to when they need working capital is an alternative commercial lender like Pro Funding Source. PFS looks to service our clients needs by providing the right funding program based on the specific needs of the client.
Pro Funding Source Offers Stellar Funding Solutions For Hotel & Motel
Pro Funding Source is dedicated to helping hotel motel business owners grow their revenues by offering business financing.
Businesses in the hospitality industry need to have a steady cash flow to enable them to invest in marketing strategies and renovation fees to stay on top of their competitors.
Whether you are looking for merchant cash advances or reverse consolidation, we are your trusted lender for fast business funding.
What Can You Use Extra Business Funds For?
- Hotel or motel renovation fees
- Expanding your establishment
- Hiring more employees
- Meeting the costs of daily operations
- Purchasing a new plot of land to improve your facilities
- … and more!
Why Choose Pro Funding Source LLC For Hotel & Motel Financing?
At Pro Funding Source, we offer an alternative type of funding that can provide lending options to hotel motel owners. Our application process focuses mostly on what you have created and the overall health of your business. This means that your credit score is not our primary focus when it comes to gaining an approval for your funding.
We also offer flexibility in payment schedules based on your business sales volume. Our funding is tailored to meet your needs depending on the size of your business. The application process is typically fast, easy and provides the cash you need quickly. Take advantage of our merchant advance which has no late fees charges. To learn more about your options for working capital needs, talk to our in-house customer care representatives who are available 24/7.