Industry Financing

Hospitality Business Loans

Financing solutions for hotels, resorts, and hospitality businesses.

Hospitality business loans help hotels and hospitality businesses finance renovations, equipment, expansion, and working capital. Common uses: hotel renovations, furniture and fixtures, equipment, technology, marketing, and seasonal cash flow. Loan types: SBA loans (6-13% APR, up to $5M) for real estate and large expansion, equipment financing (6-30% APR) for equipment, term loans ($50k-$2M+), and lines of credit ($25k-$500k). Approval in 1-4 weeks for SBA, 24-72 hours for alternative lenders. Requirements: 2+ years in business (for SBA), 600+ credit, strong financials. Hospitality is seasonal and may need to show annual revenue or peak-season performance.

Common Financing Needs

Renovations & Upgrades

• Hotel renovations
• Room upgrades
• Common area improvements
• Exterior updates

Explore SBA loans.

Equipment & Technology

• Furniture and fixtures
• HVAC systems
• Property management systems
• Security systems

Learn about equipment financing.

Expansion & Growth

• Adding rooms
• Opening new locations
• Acquiring properties
• Marketing and branding

Working Capital

• Seasonal cash flow
• Payroll
• Operating expenses
• Marketing campaigns

Best Loan Types for Hospitality Businesses

1. SBA Loans

Best for: Real estate purchase, large renovations, and expansion.

• Rates: 6-13% APR (lowest)
• Terms: 5-25 years
• Amounts: Up to $5M
• Requires 2+ years in business

Learn more about SBA loans →

2. Equipment Financing

Best for: Furniture, fixtures, and equipment.

• Rates: 6-30% APR
• Terms: 2-7 years
• Amounts: $5k-$500k+
• Fast approval (24-72 hours)

Learn more about equipment financing →

3. Term Loans

Best for: Renovations, upgrades, and one-time needs.

• Rates: 8-25% APR
• Terms: 1-5 years
• Amounts: $50k-$2M+
• Fixed monthly payments

Learn more about term loans →

4. Business Line of Credit

Best for: Seasonal cash flow, payroll, and ongoing expenses.

• Rates: 8-25% APR
• Limits: $25k-$500k
• Draw as needed
• Pay interest only on what you use

Learn more about lines of credit →

Industry-Specific Challenges

Seasonal Revenue

Hospitality revenue varies by season. Lenders may evaluate annual revenue or peak-season performance. Lines of credit help manage off-season cash flow.

High Capital Requirements

Hotels require significant capital for real estate and renovations. SBA loans offer best rates and terms for large investments.

Competition

Hospitality faces competition. Lenders want to see strong location, unique offerings, or competitive advantages.

Qualification Requirements

✓
Time in Business: 2+ years (for SBA), 6+ months (for alternative lenders)
✓
Revenue: $50k+/month typical for hotels
✓
Credit Score: 650+ (for SBA), 600+ (for alternative)
✓
Location: Strong location improves approval odds

Learn more about how to qualify for a business loan.

Frequently Asked Questions

Can I finance hotel renovations?

Yes, SBA loans are ideal for large renovations. Can finance up to $5M with rates as low as 6% APR. Term loans also available for smaller renovations. Requires 2+ years in business for SBA.

What's the best loan for hotel equipment?

Equipment financing is best for furniture, fixtures, and equipment. Equipment serves as collateral, rates are competitive (6-30% APR), and approval is fast (24-72 hours).

Can new hotels get loans?

New hotels face challenges. May qualify for equipment financing or alternative lenders with 6+ months in business. SBA loans require 2+ years. Strong business plan and location help.

Ready to Finance Your Hospitality Business?

Apply now and get a decision in 24-72 hours. Fast approval for renovations, equipment, and working capital.

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