Hotel restaurnt uses hospitality finance for renovations.
"Since our remodel we have more than doubled our revenue. CFP helped make it happen."
Hotel Restaurant
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Hospitality Finance

Hospitality Finance is for restaurants, hotels, event planning companies and other businesses that service the hospitality industry. While businesses in the hospitality industry typically enjoy good gross margins, they have a high cost of staff and other operational expenses, which require working capital to fund.

The most common types of hospitality funding are:

The type of funding that is available to your business will be based on length of time in business, profitability of the business and the creditworthiness of the owners. Well-established businesses can take advantage of small business loans and cash flow loans. Newer businesses will need to utilize merchant funding and potentially equipment financing to get on the road to profitability.

Depending on the type of credit facility you enter into, there may be a requirement to use the funds for specific purposes. Small business loans backed by the Small Business Administration will often require that the funds be used for specific improvements, etc., while merchant funding does not have any required usage of the funds.

While there are several forms of Hospitality Finance available, each has its positives and negatives. In many cases more than one form of financing can be used to generate capital. Choosing the right working capital facility with the right lender can make all the difference.

Call us today at 561-299-1609 to discuss your Hospitality Finance options.

Catering company uses hospitality finance to grow the business.

Catering Company

$250,000 Hospitality Finance

Restaurant uses hospitality finance to remodel and expand restaurant

Restaurant

$350,000 Hospitality Finance