Statistics suggest that there are currently approximately 10,000 small motels and hotels in the United States, with an estimated total worth of $3.4 billion. However, itt’s not easy being an hotelier. You have to juggle so many details and financial challenges. High operating costs, the seasonal nature of the business, and pressure to constantly evolve and upgrade services, would make hoteliers need hotel financing to support their working capital needs. BFNYC has just the right funding solutions for hotel businesses everywhere!
You can use the money you receive from BFNYC hotel financing for any area of improvement for your business, such as: