Securing competitive finance for your motel is one thing. Knowing which lender’s policy will best cater to your ongoing business needs is another. Green Finance Group (GFG) is home to award-winning accommodation finance specialists with a proven track record in securing fast finance approvals for start-ups, experienced operators and branded international chains looking to fund refurbishments or expansion, or save money through refinancing.
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The amount of money you can borrow for your business will differ from one bank to another, from just a few dollars to hundreds of thousands of dollars. That’s why working with a finance broker who knows lending policy specifically for accommodation businesses is crucial.
If you are new to the industry it’s a good idea to determine your borrowing capacity before you begin looking for a business. Determining your budget upfront will narrow your business search criteria and help avoid time wastage.
Typical Loan to Value Ratios (LVRs) provide a guide only as to how much you can borrow. The strength and presentation of your individual business case to the lender will impact upon your final loan terms, and ultimately the cost of your finance. In instances where other security is available (e.g., your home, other commercial property), it may be possible to borrow over 100%.
Typical Loan to Value Ratios (LVRs) offered in today’s marketplace (based on an independent valuation of the accommodation business):
Your GFG Broker will be in the best position to provide you with an indicative assessment of your borrowing capabilities from a range of lenders and will know which bank or smaller lender will be able to offer more favourable conditions based on your business case.
Director
Australia's leading hospitality, accommodation and childcare finance specialist and winner of Australian Broker of the Year 2022.
Finance Consultant
An award-winning finance broker experienced in all aspects of commercial lending and renowned for his expertise in securing funding solutions for hospitality venues and groups.
Daniel at Green Finance Group was highly recommended by our agent at Resort Brokers. I’m actually an ex-banker so whilst I was very familiar with the process I’d never used a broker before and I thought we’d at least see whether they could live up to their reputation as management rights finance specialists. The whole experience was first-rate. Daniel and his team were efficient, professional, had excellent knowledge of the market and the management rights industry in general and we secured a great interest rate. We couldn’t be happier.
Daniel is always at the other end of the phone. If he’s unavailable, always calls straight back. It’s great to be able to talk to someone so knowledgeable and down to earth with great advice at hand. Definitely recommend.
Daniel was extremely helpful in acquiring finance for us in this difficult field (hotelier). We would reuse and recommend his services.
Daniel and his team were a great help in getting the funding we needed to expand our business. I highly recommend them and will be using them again.
Daniel of Daniel Green Finance did a terrific job for me when purchasing a motel everything went along very smoothly with ease and could not achieved it without him made things very easy for me due to his extreme experience in this field I could not recommend him high enough and would definitely use him again.
