Hotel and motel financing including land loans, construction loans, and reverse mortgages. Largest database of online lenders/brokers.
www.lendinguniverse.com
Discounts up to 70% on hotels, motels, and resort reservations. Search hotels by price, distance, and star rating. Book online or call toll-free.
Hotels | Flights | Packages | Groups
HotelReservations.com
Financing professionals offering equipment leasing for the hotel and hospitality industry. Apply via secure online application.
Get Approved Now | Helpful Articles | Contact Us | About Us
www.gcr-capital.com
BMC provides fast, low paperwork, Hotel Loans - Free Online Quote!
www.bmccapital.com
Wholesale Bank Rates 888-276-4271 Conventional & SBA Hotel Financing
www.hotelloanonline.com
Rates start at 6% up to 30 yr Am Conventional financing -Non Conduit
www.terracecapital.com
Compare competitive commercial mortgage quotes from multiple lenders. No obligation. Check your options, rates and payments and save.
Free Quotes | Compare Lenders | Find Low Rates
www.AllOptions.com
Easily Compare Rates & Save. Find the Best Deal & Save Today!
CommercialMortgage.BuyerZone.com
SBA-backed 504 Loans for Hotels Nation's Leading 504 Lender
www.504Experts.com/Hotels
Hotel Finance for Franchise Hotels. Acquisition, Refinance,Construction
www.HotelFinance.com
Perm/interim financing. Great rates & fast closings. Brokers protected!
CommercialMortgage-USA.com
Offers an online directory of hotel financing companies.
www.businessfinance.com
Compare competitive commercial mortgage quotes from multiple lenders. No obligation. Check your options, rates and payments and save.
Free Quotes | Compare Lenders | Find Low Rates
www.AllOptions.com (Paid)
Financing professionals offering equipment leasing for the hotel and hospitality industry. Apply via secure online application.
Get Approved Now | Helpful Articles | Contact Us | About Us
www.gcr-capital.com (Paid)
Discounts up to 70% on hotels, motels, and resort reservations. Search hotels by price, distance, and star rating. Book online or call toll-free.
Hotels | Flights | Packages | Groups
HotelReservations.com (Paid)
Hotel and motel financing including land loans, construction loans, and reverse mortgages. Largest database of online lenders/brokers.
www.lendinguniverse.com (Paid)
Nationwide Hotel Financing - Work with lenders and financial institutions that specialize in Hotel Financing and Refinancing.
www.invest-2win.com
Offering international hotel financing/commercial financing, home loans and small commercial loans.
www.universalfinance.com
BMC provides fast, low paperwork, Hotel Loans - Free Online Quote!
www.bmccapital.com
Wholesale Bank Rates 888-276-4271 Conventional & SBA Hotel Financing
www.hotelloanonline.com
Rates start at 6% up to 30 yr Am Conventional financing -Non Conduit
www.terracecapital.com
Guide to Hotel and Motel Financing
Use hotel and motel financing companies to fund your business ideaMotel and hotel mortgage lenders can help you succeed by loaning you the money you need to start your business. In almost all cases, this money must be repaid within an agreed upon time frame.
There are a few things that hotel and motel financing companies look for when they are considering whether to loan the money:
- High credit scores. This shows companies that you are able to use money wisely.
- A good business plan. A hotel or motel financing company will want to know how you plan to build and run your business and whether it is likely to be successful.
- A strong business team. Having experienced leaders running your business increases your chances of success.
Action Steps
The best contacts and resources to help you get it done
Learn your credit score before applying for a commercial hotel loan
Your credit score plays an important role in whether hotel mortgage lenders want to do business with you. It is important that you have excellent credit when applying for any loan.
I recommend:
You can get a free copy of your credit report through AnnualCreditReport.com, which lists your score from all three of the major credit bureaus. FreeCreditReport.com is another website that offers this service.
Have a professional business plan
Hotel financing companies require you to provide them with a business plan before they will agree to finance your business. Make sure that yours looks professional.
I recommend:
You can find an excellent guide to creating your own business plan at Work.com. A software program, such as the one provided by Business Plan Pro can also help you to write your own. When writing is not your strong point, you can have a custom business plan written for you by companies like MasterPlans.
Get a loan from hotel and motel financing specialists
With a good credit score and a solid business plan, you will feel confident in contacting hotel and motel lenders. Make sure to choose a company that has a good reputation.
I recommend:
The National Republic Bank of Chicago specializes in hotel financing as well as motel loans. Bank of America is a national bank that offers many different types of loans for small businesses.
Tips & Tactics
Helpful advice for making the most of this Guide- It will be easier to get motel loans if you find the property first. Motel lenders will be better able to assess the chance for success when they can see the property.
- If the first hotel finance company you ask turns you down, do not be afraid to look into other companies. Refine your presentation and try again.
- If you have a bad credit score, try to improve it before you apply for hotel and motel financing. Get rid of debt and always pay your bills on time.
