A line of credit for hotels is a revolving business credit facility that lets an owner or operator draw funds up to an approved limit, repay, and draw again without reapplying. Interest applies only to the amount drawn, which suits a property with seasonal occupancy swings and large periodic costs like renovations.
How a Platform Funding hotel line of credit works
Platform Funding approves hotel and hospitality lines of credit from $5,000 to $3 million based on your property’s revenue and cash flow, not credit score alone. Most applications are approved within 24 hours, with funds available in 24 to 48 hours. Platform Funding has funded more than 30,000 businesses, deployed over $2 billion, and holds a 4.9 out of 5 rating across 576 Trustpilot reviews.
Â
Hotel revenue rises and falls with the season, but payroll, utilities, and maintenance run year round. A revolving line lets you cover the slow months, then repay as occupancy and bookings recover. That flexibility is the difference between an open, revolving line of credit and a one-time term loan.
What hotel and hospitality operators use it for
- Payroll and utilities through the off-season
- Renovations and property improvement plans (PIPs) required by brands
- Furniture, fixtures, and equipment refreshes between high seasons
- Pre-booking cash gaps before group and event deposits clear
How the funding process looks
- Apply online with three recent business bank statements.
- A funding specialist reviews property revenue and sets your limit and terms.
- Draw funds, repay as occupancy recovers, and draw again next season.
Who qualifies, and how much you can access
To qualify, a property needs at least 6 months in operation, an average of $12,500 or more in monthly revenue (about $150,000 a year), and three recent business bank statements. No collateral is required, and approval is driven by revenue rather than credit score alone. A hospitality line of credit scales with revenue up to $3 million, so a higher-revenue property can access a larger line. The U.S. Small Business Administration offers guidance on managing business finances for seasonal operations. For receivables-based options, compare revenue based financing.
Trusted by hospitality owners
“Platform Funding has always been my go-to lender for my restaurant. As I was starting, I underestimated some hidden costs, and they were very helpful to get me through those tight spots and help me grow.” — Nikki, Nikki’s Corner Cafe. Read more verified reviews on Trustpilot.
Â
See our business lines of credit overview and the hotel and hospitality page for more.
Hotel line of credit vs a business loan
A line of credit is revolving and flexible, which fits a hotel’s seasonal swings and smaller recurring costs. A business loan provides a fixed lump sum, better for a defined project like a renovation or a brand-mandated property improvement plan. For revenue that rises and falls sharply by season, revenue based financing is also worth comparing, since payments flex with your receipts.
Ready to get funded?
See your hotel line of credit options in about 24 hours. Apply now or call (866) 473-1455. The process is simple, fast, and secure.
