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A potential first-time motel owner in need of guidance for financing

recently have decided to follow through with my dream of getting in the hotel business. I figure that by starting out small, I can learn the ropes and eventually work my way up to owning a franchise hotel or something along those lines. My problem is I do not really have any idea where to start. I am not in the greatest financial position personally, not with horrible credit (credit score around 600), just not with a lot of income(full-time student transitioning into business owner) or liquid assets (looking to invest about 5k down). I am looking for motels in the range of 150k-350k because of that reason. I figure it would be easier to find financing that way. Does anyone have any suggestions on where I begin once I find my ideal property? In my financial situation would banks be hesitant to give me a loan? Are there options through the government that I could utilize? I thank everyone in advance for their help.

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Answers (9)
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DO YOU WANT A PERSONAL/BUSINESS/INVESTMENT LOAN?

We have provided over $1 Billion in business loans to over 15,000 business owners just like you. We use our own designated risk technology to provide you with the right business loan so you can grow your business. Our services are fast and reliable, loans are approved within 24 hours of successful application. We offer loans from a minimum range of $5,000 to a maximum of $500 million.

Do you find yourself in a bit of trouble with unpaid bills and don’t know which way to go or where to turn? What about finding a reputable Debt Consolidation firm that can assist you in reducing monthly installment so that you will have affordable repayment options as well as room to breathe when it comes to the end of the month and bills need to get paid? Dr. Ezra Sebastian Loan Home is the answer. Reduce your payments to ease the strain on your monthly expenses. Email (ezrasebastianloans@gmail.com)

DO YOU NEED 100% FINANCE? we give out loans with an affordable interest rate of 2%
EZRA SEBASTIAN LOAN HOME, (ezrasebastianloans@gmail.com) aims is to provide Excellent Professional Financial Services.

Our services include the following:

*Truck Loans
* Personal Loans
* Debt consolidation loans
* Car Loans
* Business Loans
* Education Loans
* Mortgage
*Refinancing Loans
* Home Loans

We give you loan with a low interest rate of 2% and loan duration of 1 to 30 years to pay back the loan (secure and unsecured). Do not keep your financial problems to yourself in order for you not to be debt master or financial stress up, which is why you must contact us quickly for a solution to your financial problems. It will be a great joy to us when you are financially stable. Email (ezrasebastianloans@gmail.com)

NOTE:Bear in mind that it will only take less than 24 Hours to process your file is 100% Guaranteed no matter your Credit Score.

Yours Sincerely,
Dr. Ezra Sebastian
+1 (850)846-6235
We are certified and your privacy is 100% safe with us. Worry no more about your loans or finances.

Get your instant loan approval

Jun 26, 2017
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Living Stone Loan Investment
Loan Offer
Aleutians East County, AK

I am a private lender , Do you need a legit, honest, reputable and quick loan? I can help you with 100% guarantee loan, I am offering business and individual loan, More also we financing all kind of projects. For more details contact us at: livingstoneloaninvestment@outlook.com

Best Regards
Angel Walker

Jun 22, 2017
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We are financial consultants to a group of investors whom we have their consent to manage their funds which is in our custody for cooperation in joint venture business investments.

Our areas of interest include Property Development and real estate, Health Care, Education and training, Mining and exploration, Energy, oil and gas,Technology, Software development, Agriculture, Manufacturing, Finance Services and Leisure.However, all viable proposals within reason will be considered.

Funds shall be made available to you as a direct investment loan at 3% interest rate per annual for a period of 2 or 30 years depending on what you prefer. You may contact us if you have interesting investment proposal for possible business collaboration for our study.

We look forward to your reply to enable us provide you with details or you may visit our website.

Kindly acknowledge receipt of email.

Thank you.

Yours Sincerely
Jesse Peterson
phone: (980) 239-7539
email: info@interventionmortgagefirm.com
web: http://www.interventionmortgagefirm.com/

Jun 22, 2017
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john loan firm
johnloanfirm2@gmail.com
Aleutians East County, AK

Will offer all kinds of loans @ 2% interest rate for
businesses and
individuals OBJECTIVES? IF YES: You are to
contact us at johnloanfirm2@gmail.com

Jun 12, 2017
No User Photo

DO YOU WANT A PERSONAL/BUSINESS/INVESTMENT LOAN?

We have provided over $1 Billion in business loans to over 15,000 business owners just like you. We use our own designated risk technology to provide you with the right business loan so you can grow your business. Our services are fast and reliable, loans are approved within 24 hours of successful application. We offer loans from a minimum range of $5,000 to a maximum of $500 million.

Do you find yourself in a bit of trouble with unpaid bills and don’t know which way to go or where to turn? What about finding a reputable Debt Consolidation firm that can assist you in reducing monthly installment so that you will have affordable repayment options as well as room to breathe when it comes to the end of the month and bills need to get paid? Dr. Ezra Sebastian Loan Home is the answer. Reduce your payments to ease the strain on your monthly expenses. Email (ezrasebastianloans@gmail.com)

DO YOU NEED 100% FINANCE? we give out loans with an affordable interest rate of 2%
EZRA SEBASTIAN LOAN HOME, (ezrasebastianloans@gmail.com) aims is to provide Excellent Professional Financial Services.

Our services include the following:

*Truck Loans
* Personal Loans
* Debt consolidation loans
* Car Loans
* Business Loans
* Education Loans
* Mortgage
*Refinancing Loans
* Home Loans

We give you loan with a low interest rate of 2% and loan duration of 1 to 30 years to pay back the loan (secure and unsecured). Do not keep your financial problems to yourself in order for you not to be debt master or financial stress up, which is why you must contact us quickly for a solution to your financial problems. It will be a great joy to us when you are financially stable. Email (ezrasebastianloans@gmail.com)

NOTE:Bear in mind that it will only take less than 24 Hours to process your file is 100% Guaranteed no matter your Credit Score.

Yours Sincerely,
Dr. Ezra Sebastian
+1 (850)846-6235
We are certified and your privacy is 100% safe with us. Worry no more about your loans or finances.

Get your instant loan approval

Jun 11, 2017
ARBERT JOHN
ALBERT
PRIVATE LENDER
Jackson County, FL

LOANS/ INVESTORS
i am mr john a private loan lender and investor
have you been looking for finance or an investor for your project and business,get back to us now so that we can help you out with the funds you need
contact us only at : alenxanderwalkerusacompany@gmail.com

Jun 11, 2017
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I'd like to speak with you. How can we contact you?

Sep 29, 2009
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5,000 dollars to buy any business is not even considered. sba loan cost 2 percent of loan amount as a guarntee fee. appraisal can cost about 5,000. closing cost is abot 5,000 dollars. utility services such as water, electricity,gas,cable, phone require deposites for commercia acounts. you'll need 5,000 for that. you'll need 5,000 in hand to operate business. 30 percent down payment is required.

Sep 22, 2009
Brian Butler
Butler Consultants LLC
Owner / Lead Financial Modeler
Washington County, OR

I always think people should have a business plan or at least financial projections. You can either do it yourself with something like business plan pro or you can contact a consultant to have them help you write it. I have included a sample template for a business plan below.

Sep 21, 2009

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