Working Capital for Bed & Breakfasts and Inns
Bed and breakfasts and small inns depend on seasonal travel patterns and a level of upkeep that larger hotel chains spread across many more rooms. Working capital helps innkeepers renovate guest rooms, replace furnishings or bridge cash flow between a busy tourist season and a quiet off-season.
Approval in as little as 24 hours after you apply, with funds sent as soon as the next business day, so bed & breakfasts and inns never wait on a bank.
Fixed daily or weekly payments sized to your sales, not a balloon due date. Occupancy often swings sharply between a peak tourist season and a slow off-season, while property taxes and maintenance costs continue year-round.
Funding is a purchase of your future receivables, so you are not pledging equipment, property or personal assets. Guest rooms, linens and furnishings need regular refreshing to maintain the reviews and reputation that drive repeat and referral bookings.
One approval, draw what you need, and return for additional funding as your bed & breakfasts and inns business performs. A single major repair, like a roof leak or a failed HVAC system, can affect multiple guest rooms at once and take a property offline.
Refresh rooms, furnishings and linens to keep reviews and bookings strong.
Cover property taxes, staffing and maintenance during the slow season.
Address major repairs before they take rooms out of service.
Yes, qualification is based on monthly revenue and time in business rather than the number of rooms. A bed and breakfast generally needs at least six months in business and $10,000 or more in monthly revenue.
Fixed daily or weekly payments are sized to your actual revenue pattern, and underwriting reviews your bank statement history to account for seasonal swings. Many innkeepers still qualify even with a defined off-season.
Yes, there is no restriction on use, so innkeepers commonly apply working capital toward room renovations, furnishings or major repairs. You decide how the funds are used once approved.
Paz funds bed & breakfasts and inns from $2,500 to $5,000,000. Most bed & breakfasts and inns qualify for $25,000 - $200,000, based on monthly revenue and time in business rather than collateral.
A US business that has operated for at least six months with $10,000 or more in monthly revenue, your last three months of bank statements and your EIN. The application takes about five minutes, and there is no hard credit pull to get pre-qualified.
Bed & Breakfasts and Inns funding, approved in as little as 24 hours