Hotels and lodging companies are some of the oldest businesses in the world, having been in existence for centuries. Despite being a solid business model, hotel owners today face challenges when setting up new hotels and lodging businesses or renovating/maintaining existing ones. With clients demanding more and more, setting up a hotel and lodging business means that you need more equipment, highly trained staff and more. With CMS Funding’s small business loans, you can easily get your hotel and lodging business going.
About Hotels and Lodging
Hotels and lodging are more than just food and accommodation. Clients in the United States have come to expect more from their hotels and this is reflected in the set-up process of such businesses. When you are setting up a hotel and lodging business, cost elements include construction or modification of the building to create rooms. It also means fitting amenities such as showers, closets and much more. Hotels require cooking equipment as well as eating areas.
Another major cost factor to consider is the staff. Hotels and lodgings need wait staff, kitchen staff as well as housekeeping staff. Depending on the size of the hotel, these staff member numbers can vary from a handful to dozens. With all these costs, it makes a lot of sense to work with a financial partner such as CMS Funding. Our working capital loans will allow you to set up and run your hotel and lodging business exactly how you would want to.
Benefits of Our Working Capital Loans
How can hotels and lodging businesses benefit from our small business loans?
- CMS Funding’s loans can help you advertise and create a strong brand. With growing competition in this sector, advertising helps you set your brand apart, allowing you to grow revenues.
- CMS Funding’s loans will help you get the equipment you need. From bed, kitchen equipment and much more, you can count on our financial help to help you equip your hotel and lodging business with the latest in catering and accommodation facilities.
- CMS Funding’s loans will help you get the staff you want. Highly trained staff in this sector make all the difference between profitability and loss. However, they come at a premium and our loans will help you get the best staff in the market.
- As technology changes, the hotel and lodging industry is adopting the latest in guest booking technology and much more. CMS Funding’s loans will assist your business to stay on the cutting edge of the hospitality industry technology. This means greater efficiency and higher profits.
What CMS Funding Offers for Hotels and Lodging Businesses
Below is a list of our key small business loan features:
- Funding up to $500,000
- Funding available within 24 to 48 hours
- Terms ranging from six to 24 months
- Non-obligatory application after consultation
- High approval rate
- No collateral required (unsecured loan)
- Low interest rates
- Simple one-page application
- Quick and easy approval process
- Automatic payments
- Excellent customer service
- … and more!
Get the Funding You Need to Grow Your Business Today
CMS Funding is your solid partner when it comes to setting up and operating your hotel or lodging business. We promise a quick turn-around on loan applications so you can get your business going in very little time. We also ensure that our interest rates are some of the most competitive in the market. You will find our customer service excellent and our staff a delight to interact with.
If you have any questions about our small business loans for hotels and lodging businesses, do not hesitate to fill out our online working capital application form or call us at (855) 793-8637 to learn more.