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Are you a small business owner in need of additional funding? If you are in a strong financial position and have a high level of experience, we can provide quality hospitality loans. The hospitality loan program is best suited for restaurants, but these can be applied to retailers and service providers.
Hospitality loans are often used to expand, renovate and advertise. You may easily obtain hospitality financing if you have good credit and have been in the business for more than a year. If you need a hospitality loan, then you should provide a comprehensive business plan to meet lending requirements. This plan should give a thorough marketing research of your local industry. Generally, it is preferable for your company to be located in a metropolitan area for greater customer traffic. Companies in secondary markets are usually more attractive if they are part of a larger portfolio or chain.
Equity investment also helps strengthen the borrowing position. The will decrease the loan amount and shows overall commitment to the project. Your past financial credit history will be used to indicate your ability to repay the loan.
Origination fees on hospitality loans will depend on the transaction. The pricing would be based on loan terms, leverage and other underwriting considerations.
Our 'hospitality loans' financing program provides a great deal of flexibility in terms of prepayment and fast execution.
Benefits of hospitality loans:
- Easy payback process
- No fixed payments
- Builds business credit
- No financials required
- No closing costs or upfront fees
- Fast funding
We study your companies': past performance, strength of the management group and consistency of performance. Also, we look at the company history to see how often you have to reinvent your concept before lending you hospitality loans. It is one of our greatest assets to be able to adapt to the consumers' demand.
We concentrate on the following customer goals:
- We offer specialized and customized products to meet the on-going financing requirements of the customer.
- We will use creative and efficient methods to meet customers' expectations on financing requests.
We realize that every hospitality financing is unique. We will provide sufficient preliminary information to move the process forward. We strive to set your loan conditions up for success from the beginning of the process.
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