There are over 54,200 hotels employing an estimated 2.3 million hospitality job workers in the US. The hospitality industry’s projected market volume is $450,000m by 2025. However, hotel failure is also common, with around 60% of new restaurants closing within the first year and nearly 80% closing before 5 years. These businesses can go through their highs and lows, with some seasons bringing in max bookings and others where business can be slow. In slower times, hospitality businesses will still have to cover costs such as:
Hotel expenses can be overwhelming without the right help. Opportunity Business Loans can help you find the best deal when it comes to financing your hospitality business. Secure your loan without the hassle of visiting multiple banks and lenders. With just one quick application, you can get connected to a large network of lenders who can provide you with the funding you need to successfully grow and operate your restaurant.
Hotel and Motel Financing Financing a hotel or motel is a large undertaking. Choosing a convenient business loan that takes your individual needs into account will make this process much simpler and stress-free. With a traditional bank, hotel loans are...
Learn moreBed and Breakfast Financing Whether you are just opening your first bed and breakfast business or have had your doors open for a while, you are in the right place for getting the financing you need for your hospitality business....
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View All LocationsTable of Contents Step 1: Do Your Research Competitor Research Location Expenses Step 2: Write A Business Plan Step 3: Form A Business Entity Step 4: Buy or Build Your Laundromat Business Buying An Existing Laundromat Building A New Laundromat…
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Read moreBaby Greens 1508 W Anderson Ln Austin, TX 78757 (512) 770-6255 Baby Greens has saw a significant increase in popularity since the burger joint started serving made-to-order salads and wraps in 2004. The tiny drive-thru began to grow quickly due…
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