The funding that we provide is designed to provide small business owners with a stress free and hassle free experience. Banks on the other hand are not very keen on providing small businesses with the funding they require for various reasons. However, the primary reasons for not providing small businesses with the funding that they require is because small businesses are considered to be ‘high risk investments’.
We provide small and medium sized businesses with the funding they require, and our qualification criteria are completely different from those of the banks. The funding that we provide is based on reasonable and realistic criteria mentioned here below. Based on the criteria that we have for hotel loans is any small business owner can determine for himself or herself whether they qualify for the funding.
The credit scores that we require are a lot lower than those of the banks, and in fact we don’t really care about the credit scores as they are not part of our qualification criteria. Typically, we work with credit scores that are in the low or mid-500s, and we do fund them. We don’t require high credit scores to provide you with a hotel construction loans because we are not the bank. Banks on the other hand have a specific set of qualification criteria, and these criteria specifically state that the business in question needs to have a credit score that is as high as possible and preferably in the 700s.
The processing time frames for the hotel financing companies;
The processing time frames that we have for small businesses is between 48 to 72 hours from the time of the loan application, at the quickest. At the most we will take a week or ten days to do the same, and this is due to the fact that the process is simple, and we do not require a lot of paper work. Banks on the other hand do require a lot of paper work, and they are not interested in quickening the process. They are in no rush to provide small businesses with the funding that they require according to the convenience of the small business owner.
There are also other features that are associated with the motel loans that we provide and we do not require collateral either. Typically, the funding that we provide small businesses owners uncollateralized and unsecured funding. This is very beneficial to small business owners many of whom are unable to come up with the collateral that banks require anyway.
For more information related to the hotel financing that we provide contact us. Our funding team will provide you with the information you require, and also assist you with the application form. Alternatively, if you would rather fill the application yourself, simply click on the ‘get started’ tab and fill in your details.