Credit is Loosening up for Hotels and Motels

Jessica SarterCommercial Lending

holiday_inn image

Hospitality is one of the first industries to tank when the economy slows. It also leads us out of recession as things improve. And just as during most recessions, hotel and motel vacancies soared during the Great Recession. Additionally, revenues per available room (RevPAR) plunged. The good news is that the hospitality industry is improving and lenders are slowly coming … Read More

Business Lenders Target Doctors and Other Qualified Loan Applicants

Jessica SarterCommercial Lending

Business Loan For Doctor

“Nothing Down!” shouts the headline in boldface, large letters. Yet, it qualifies who the bank says is worthy for this special business loan. “Medical doctors, CPAs, attorneys, veterinarian practices and dentists,” are on the list. However, “Chiropractors are not eligible” for HomeBanc’s “Professional Perks Program.” “We like professionals, business acquisitions and franchise lending,” says John Hanlon, the bank’s vice president, … Read More

Competitive lending market makes banks ease up

Jessica SarterCommercial Lending

A recent survey by the Federal Reserve found that banks may be loosening their requirements to secure a business loan and may be more willing to work with customers seeking a new loan thanks to a more competitive first quarter market.