At SMEFUNDINGS.com, we arrange Loans for Hotels, Restaurants, Resorts & other tourism sector business up to Rs.100 Crores from our lending partners. With our 10 years of expertise in Finance, we understand needs of tourism sector thoroughly & we are better equipped to extend customized solutions for Hotels, Restaurants, Resorts . Along with arranging fresh loans for hotels,we are expert in “Officially Restructuring” existing Debt / loans of hotels to reduce repayment burden. We also arrange Unsecured Loans up to Rs. 5 crores for Hotels, Restaurants, Resorts & other tourism sector businesses.
1) Arranging fresh term loan /overdraft :
2) Official restructuring of existing loan to reduce obligation
When the cash flow of Hotels / Restaurants does not match with repayment schedule, it becomes difficult for them to repay the loan on time. In such situations, we can help Hotels / Restaurants by takeover of this loan and official restructuring it for higher tenure (10-15 yrs) with lower rate of interest. It will help them to reduce obligation for repayment of loan, without affecting its credibility. For example: Current outstanding of the loan is Rs. 12 crores, to be repaid in next 3 years i.e. Repayment obligation is Rs.4 cr per year plus interest. We can transfer this loan to a finance institution for 12 years with lower rate rate of interest. Hence new obligation will be Rs.1 crores per year plus interest.Time required for such loan transfer is 20-30 working days.
3) Transfer high interest loan to low interest loans
We help Hotels / Restaurants to transfer its high interest loans to a financier with low interest loan. It will help them to save the interest drastically.
4) Consolidation of many loans in to one loan
If you have many loans going on, of different amounts and different tenures, we can arrange to consolidate all these loans in one loan for easy repayment and possibly making some properties free for our client. Hotels will also save in interest costs.Time required for such loan consolidation is 20-30 working days.
5) Top up on existing loan
Sometimes, existing banker does not support the Hotels / Restaurants for requirement of extra funds. In this case, we can help them to transfer the existing loan to new financer with top up amount on existing loan and without taking additional security.
6) Convert term loan into line of credit / Overdraft
We arrange line of credit /Overdraft facility for Hotels / Restaurants, which works similar to cash credit. In this facility, Hotels / Restaurants can withdraw funds as well as deposit funds in the loan account. It will help them to park its surplus funds in this account to reduce loan interest drastically. Also it is not required to go to banker for small requirements of funds every time.Time required for arranging Line of credit for is 30-40 working days.
7) Unsecured loans for Hotels / Restaurants
We arrange unsecured loan for Hotels / Restaurants without giving any property collateral from Rs. 50 lacs to 3 crores. These funds can be used for any purpose of the business & is available for only those businesess which has minimum stability of 3 years. Time required to arrange such unsecured loans is 5-10 working days.