Hotels And Motels Financing Small Business

Ocean City, MD hoteliers report that their occupancy rate over Memorial Day weekend was higher than it has been at any time since 1993. Officials estimate than more than 270,000 persons visited Ocean City over the 2009 holiday weekend, nearly 50,000 more than visited the city in 2008. In addition to increased businesses at hotels and motels, restaurant owners reported that their establishments were busier than usual.

If you’re looking for hotels and motels financing for your hospitality-related small business, a merchant cash advance may be just the business loan alternative you’re looking for.

With a merchant cash advance from Rapid Capital Funding, you can get the hotels and motels financing you need in a matter of hours. Whether you need the funds to expand your small business, do remodeling or repair work, hire staff or handle an emergency, a merchant cash advance can get cash into your hands fast.

With a merchant cash advance, as long as your hotel or motel business accepts Visa or MasterCard and generates at least $2,500 per month in credit and debit receipts, you’re likely eligble for a merchant cash advance. Ninety-five percent of our applicants who meet these simple requirements get the cash they need, with no hassles, no personal guarantees, and no collateral needed.

Contact Rapid Capital Funding today. Let us show you how to put your future credit and debit card transactions to work right now!

Photo Credit: Steve Wampler, via Flickr

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Hotels And Motels Financing: Help For Small Business

According to a new AP-Gfk poll, fewer Americans will hit the road this summer on vacation. Finances weigh heavily on the minds of many would-be travelers, and one-third of poll respondents say that they’ve already cancelled at least one trip due to financial concerns. Of those respondents who still plan to travel, two-thirds say they will visit another state. While this is good news for hotel and motel operators, banks may not see it this way. Hotels and motels financing may be harder to come by as both business and leisure travelers cut down on the number of overnight trips they plan.

Many hotel and motel operators qualify as small business, even if they operate under a franchise name. For hotel and motel operators who need cash to make improvements, repairs or pay bills, a merchant cash advance may be the best way to secure immediate financing.

With a merchant cash advance from Rapid Capital Funding, you can get the hotels and motels financing you need in a matter of hours. Compare that to applying for a loan from a bank. You might wait weeks for a decision, only to be turned down.

Why go through that hassle when Rapid Capital Funding will purchase a portion of your Visa and MasterCard credit and debit transactions. As each transaction is processed, a portion of the sale goes to repay your merchant cash advance and the rest comes back to you. You still get the money you need to run your business, and you get the money you need to make improvements, pay bills or expand.

There’s no monthly repayment commitment either, so when business is slow, you don’t need to worry about being caught short on cash. Contact Rapid Capital Funding today and find out how to collect your future credit card transactions today!

Photo Credit: Roadside Pictures, via Flickr

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Hotels And Motels Financing: Merchant Cash Advance

In some areas of the country, tourism is down and that translates into lower tax revenues from hotels and motels for city and county governments. Oswego County, in New York State reports that its tax revenues collected from hotels and motels in the last quarter of 2008 was off by more than 10%. First and second quarter revenues were down significantly from that. If you’re looking for hotels and motels financing to pay taxes or make improvements, and the state of the economy has eliminated your chance for a bank loan, consider a merchant cash advance as a way to get the hotels and motels financing you need for your small business.

A merchant cash advance is ideal for hotels and motels financing, and it’s an alternative that a small business can afford. A merchant cash advance isn’t a bank loan. Rapid Capital Funding will purchase a portion of your future credit card transactions for cash. You get the cash you need up front to pay bills, make improvements or do whatever you need to do.

A small portion of each credit card transaction is used to repay your merchant cash advance. The rest of the transaction cash comes back to you. You get the money you need up front, and you still get most of the cash from each transaction when they occur. This arrangement is perfect for businesses that process a high volume of credit card transactions.

A small business like a hotel or motel needs all the help it can get in these tough economic times. Contact Rapid Capital Funding today and find out how your small business can get the hotels and motels financing it needs through a merchant cash advance.

Photo Credit: Alfonso Surroca, via Flickr

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