As we often do, most travelers pay by credit card when staying in hotels or motels. United Capital Source offers various small business loans for leisure property operators including Credit Card Factoring where a percentage of your business credit card sales are deducted over the term of the funding arrangement. It’s a win/win funding arrangement because you have a very good idea ahead of time of your room bookings and vacancy rates.
For larger leisure improvements including renovating lobbies, rooms and restaurants or swimming pools, United Capital Source offers Working Capital Loans to help you finance capital improvements to your property.
Updates &
Upgrade Beds &
Advertise Your
Open a Store/United Capital Source has experience with businesses which own their real estate and can advise on the best small business loans compared to commercial property loans with offset facilities.
In certain situations, small businesses can own real estate in their personal names or jointly with spouses or partners, yet the business shareholdings are different. This can result in different loans being held for both personal and business reasons – which can often lead to higher interest rates being paid across separate loan structures unnecessarily.
United Capital Source has experience in structuring small busines loans for real estate. For example, one of United Capital Source happy customers operates a seasonal restaurant that opens in the summer and fall for 4-5 months a year. Our client was paying an annual interest rate on her real estate payments, which United Capital Source restructured to reduce monthly payments – smoothing out cash flow and lowering the interest payments each month when the restaurant was closed.
Prior to the emergence of alternative business financing, you couldn’t blame a hotel for not pursuing small business loans. The terms and approval process of traditional bank loans are not exactly convenient for the financial cycle of the hospitality industry. Most hotels experience extreme seasonality, and therefore cannot afford to make fixed, monthly payments during […]
Prior to the emergence of alternative business financing, small business loans were nearly an impossibility for applicants with bad credit. A less than perfect score was a surefire recipe for rejection, even with strong sales. But these days are long gone, largely because it eventually became clear that bad credit was not an indication of […]
