Running a hotel requires a healthy working capital and a good amount of investment in order to keep the hotel achieving highly and continuously growing as a brand and business.
However, the current economical climate means that many hotels have had to shut their doors, simply because they do not have the funding to continue with their standard of business.
A hotel may need an extra cash boost in order to fund many different aspects of the business. This include:
A merchant cash advance can offer hotel business cash advance solutions which are a flexible alternative to a traditional bank loan.
The merchant cash advance gives you hotel finance that is based upon earnings in your business. There are fixed repayment fees that based upon your current revenue so you only pay back what you can afford.
This makes it flexible and easy to manage and with a simple application process, many hotels are finding it to be very beneficial for a short-term unsecured hotel loan solution.