Best
Top 10 Hospitality & Lodging - Small Business Loans
Key Facts For MBNCARD, Inc.
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- Major Clients:
- Confidential., Love Us, The Brow Spa, Whal...
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- Year Founded:
- 1991
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- Fulltime Employees:
- 20
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- Active Clients:
- 10,500+
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- Revenue:
- $1 million
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- Client Retention Rate:
- 96
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- Pricing:
- L
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- Website:
- merchantsbancard.com
Key Facts For Hotel Interactive
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- Major Clients:
- Confidential
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- Year Founded:
- 1999
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- Fulltime Employees:
- 10 - 50
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- Active Clients:
- 100+
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- Revenue:
- $5 million - $10 million
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- Client Retention Rate:
-
- Pricing:
- Unknown
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- Website:
- www.hotelinteractive.com
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Key Facts For Scotsman Guide Media
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- Major Clients:
- Confidential
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- Year Founded:
- 1984
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- Fulltime Employees:
- 10 - 50
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- Active Clients:
- 100+
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- Revenue:
- $5 million - $10 million
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- Client Retention Rate:
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- Pricing:
- Unknown
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- Website:
- www.scotsmanguide.com
Key Facts For Cdc Small Business Financ...
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- Major Clients:
- Confidential
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- Year Founded:
- 1978
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- Fulltime Employees:
- 100 - 250
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- Active Clients:
- 100+
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- Revenue:
- $10 million - $50 million
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- Client Retention Rate:
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- Pricing:
- Unknown
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- Website:
- www.cdcloans.com
Key Facts For Accion International
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- Major Clients:
- Confidential
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- Year Founded:
- 2011
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- Fulltime Employees:
- 250 - 500
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- Active Clients:
- 100+
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- Revenue:
- $10 million - $50 million
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- Client Retention Rate:
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- Pricing:
- Unknown
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- Website:
- us.accion.org
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Key Facts For United Capital Source
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- Major Clients:
- Confidential
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- Year Founded:
- 2011
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- Fulltime Employees:
- 10 - 50
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- Active Clients:
- 100+
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- Revenue:
- $1 million - $5 million
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- Client Retention Rate:
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- Pricing:
- Unknown
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- Website:
- www.unitedcapitalsource.com
Key Facts For Credibly
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- Major Clients:
- SMBs nationwide
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- Year Founded:
- 2010
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- Fulltime Employees:
- 100 - 250
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- Active Clients:
- 30,000+
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- Revenue:
- $10 million - $50 million
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- Client Retention Rate:
- 35
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- Pricing:
- L
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- Website:
- www.credibly.com
Key Facts For California Hotel & Lodgin...
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- Major Clients:
- Confidential
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- Year Founded:
- 1893
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- Fulltime Employees:
- 10 - 50
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- Active Clients:
- 100+
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- Revenue:
- $5 million - $10 million
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- Client Retention Rate:
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- Pricing:
- Unknown
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- Website:
- www.calodging.com
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Key Facts For Green Commercial Capital...
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- Major Clients:
- Confidential
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- Year Founded:
- 1996
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- Fulltime Employees:
- 1 - 10
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- Active Clients:
- 100+
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- Revenue:
- Above $10 million
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- Client Retention Rate:
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- Pricing:
- Unknown
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- Website:
- www.mymortgagebanker.com
Key Facts For CRAINS NEW YORK BUSINESS,...
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- Major Clients:
- Confidential
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- Year Founded:
- 1985
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- Fulltime Employees:
- 1 - 10
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- Active Clients:
- 100+
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- Revenue:
- Est. $1 million
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- Client Retention Rate:
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- Pricing:
- Unknown
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- Website:
- www.crainsnewyork.com
Evaluation Criteria: Hospitality & Lodging - Small Business Loans
Rates
One of the most important factors of analyzing small business loan companies is the rates being charged for their loans. It is important for each merchant to take into consideration how their loan rates are being calculated, at what percentage are they paying interest, and when they are expected to pay on their loans. We investigate the fees and rates associated with the loans provided by our recommended vendors.
Calculation Methods
Different loan programs offer different methods for calculating the interest rates and what type of balance to calculate the interest on. Many small businesses look for competitive rates which provide them with the best value over a period of time compared to other sources of small business loans. It is important to find a small business loan which meets the financial situation and expectations of your own business.
Customer Support
Having a dedicated support team for small business loans is essential due to the nature of the service. For many businesses it is important to have open communication to ensure flexibility in making payments on loans, applying for loans, and negotiating the terms of a contract. Having access to a support team during normal business hours ensures that someone will be available when a business reaches out to them.
Efficiency
The process for applying for a loan and the process for receiving the loaned funds should be an efficient process with a clear start and finish to ensure that businesses will receive their funds when they need it and to reduce the time investment from both sides. Businesses expect the process to be straight-forward and not require a lot of their valuable time to apply for and receive the loan they need to improve their business.
Security
It is important for small business loans to be delivered through means which are secure. In addition, as businesses apply for and receive small business loans, their financial and personal information should be held securely by the loan company. Much of the information required to determine eligibility for a small business loan is sensitive information which can damage a company or involved individuals if electronically stolen.