Start a Daytona Beach, FL Business Loan Application for Your Motel or Auto Shop

Nothing on this list goes into the request form. It is what a real estate office can collect now, so it can answer from its own records if a funding partner asks for them later:

• The last twelve months of business bank statements, with commission deposits easy to pick out.
• Closing statements or a commission report for the past year, showing which deals paid and when.
• A list of pending contracts with expected closing dates and the office's share of each.
• The most recent business tax return, plus the owner's individual return.
• Articles of organization or incorporation, and the Florida entity filing that shows the company is active.
• The office lease, with its remaining term.
• A list of any current debt: car notes in the company name, credit cards, earlier loans or advances.

A partner can request a subset of these records or additional documents, depending on its review. The list is a head start, not a requirement.

A real estate office can open a Marblepark request with the form's fields and one line on what the money is for: "$40,000 for movable second-office furnishings" or "$15,000 to cover marketing until three listings close." Requirements for the funding itself come from the partner, and they differ.

A funding partner can review the office's history, deposit pattern, existing debt and requested amount against its own criteria. An operating office can send a request; each partner sets its own requirements.

A motel planning movable room-furnishings purchases can move through the request in this order:

1. Price movable items room by room: case goods, mattresses, television packages, modular floor tiles, freestanding bathroom accessories and supplier setup; fixed room work is excluded.
2. Decide the amount and how much the motel puts in from its own cash.
3. Call (386) 342-4223 with the movable-furnishings total in mind, or fill in the request form.
4. Talk through the fit with Marblepark: a term loan for the movable room package, equipment financing for the television packages, or a credit line for the gap while rooms are out of service.
5. Marblepark sends the request to funding partners that consider lodging businesses.
6. A partner asks for its records, often property management reports on occupancy and nightly rates, bank statements, tax returns and the lease or deed.
7. The partner makes an offer or declines, and the motel owner reads the terms and decides.

The term loan page works through a payment on a furnishings purchase, and the request steps show the same process from Marblepark's side.

A bank reviewing a restaurant loan reads the same broad things any lender reads, through a kitchen's own numbers:

• Credit and history: the owner's personal credit, the restaurant's payment record with suppliers and any earlier loans.
• Capacity: whether sales left after food, labor and rent cover the existing payments and the new one.
• The owner's own stake: cash put into the equipment or the purchase.
• Collateral: the equipment being bought, and sometimes other business assets or a personal guarantee.
• Conditions: what the money is for, the lease term left on the location and how long the restaurant has been open.

Other funding partners read the same things with different weight. Some look mostly at recent deposits; some ask for two years of returns. For more on credit inquiries, EINs and acquisitions, open the questions page.