855-320-5732

Hospitality & lodging

Hotels, motels, event planning, transportation and tourism

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project description

“Thanks to Kaloot, my bed and breakfast will be able to serve our loyal customers for years to come,” noted one of our clients. “Even though we may spend the winter with only a few visitors, we still have to pay for electricity, heating oil, and a handyman to keep the sidewalks shoveled. Kaloot keeps the lights on so we can thrive during the spring, summer, and fall.”

Kaloot can be an innkeeper’s best friend. The seasonal nature of the lodging industry means that many independently operated hotels and motels have a cash flow crunch during the lean months. Tourist-friendly destinations may see 100% occupancy in-season, but still need to pay bills and keep the doors open during the rest of the year. Merchant cash advances for hotels and motor lodges are often used to pay for needed repairs, staff salaries, and general maintenance thanks to ordinary wear-and-tear as well as weather related damage.

funding details
  • Industry: Bed & Breakfast
  • Amount borrowed: $26,275
  • Usage: Improved cash flow, maintenance, payroll