Ambermead Business Loans helps Hot Springs, Arkansas motels, lodges and hotels request funding for renovations, furniture, fixtures and equipment, and working capital. Garland County, AR had 47 traveler accommodation employers in 2023 (County Business Patterns).
At a glance
- Traveler accommodation employers, Garland County, AR
47, with 829 paid employees (CBP 2023)
- Hotels (except casino hotels) and motels
41 employers (CBP 2023)
- Traveler accommodation annual payroll
$20.1 million (CBP 2023)
- Traveler accommodation employers in ZIP 71901
19 (ZBP 2023)
Renovation and FF&E Money for Hot Springs, AR Motels That Is Not a Mortgage
A room renovation replaces furniture, fixtures and equipment, known as FF&E: beds and mattresses, case goods such as dressers and desks, seating, lighting, televisions, carpet and the PTAC heating and cooling units under the windows. None of that is the building, so it can be financed apart from any mortgage on the property.
FF&E fits equipment financing or a term loan matched to the furniture's useful life. Partners read occupancy and revenue history, the renovation quote and the schedule for taking rooms out of service.
Hotel Business Loan Uses That Are Not a Mortgage: Payroll, Linens and Laundry
A motel's day-to-day costs keep running whatever the occupancy: housekeeping and front-desk payroll, linens and towels that wear out, laundry chemicals, utilities and repairs. When revenue dips or a large repair lands, a working capital loan or a credit line can carry those costs.
- Payroll for housekeeping, maintenance and front desk staff.
- Linen and towel replacement in bulk orders.
- Laundry room repairs and chemical supply.
- Repairs that cannot wait, such as a failed water heater or roof leak.
Partners reading a lodging request look at revenue by month, occupancy and the property's booking channels. Bank statements show how deposits move across the year.
Seasonal swings in revenue are a reason some properties keep a credit line open. The line is drawn when revenue is lower and paid down when it recovers, so payroll and supplies are met either way. Whether a property sees those swings, and how large they are, shows up in its own bank statements; the line should be sized from those, not from a rule of thumb.
Business Loans for Hotels and Motels Replacing PTAC Units Room by Room
PTAC units fail one at a time, and a property can replace them as they go or all at once. Room-by-room replacement suits a credit line, drawn for two or three units at a time and paid down from revenue. Replacing every unit in a single project suits equipment financing, with the units securing the deal and a term matched to their working life.
Price both ways before choosing. A bulk order may bring a lower unit price, while a phased approach spreads the cost. The credit line page covers the room-by-room pattern in more detail.
Hotel Lenders for the Property, Partners on Furniture and Working Capital
Hotel lenders, in the usual sense of the term, are commercial real estate lenders: banks, SBA lenders and specialist hospitality lenders that finance the purchase, construction or refinancing of a property. That work is outside this site.
What Ambermead helps with sits beside the mortgage: furniture and equipment, renovation work that is not a property loan, and working capital. If the property already has a mortgage, a partner will ask about it, since its payment comes from the same revenue and its terms may limit other debt. Have the mortgage statement and any loan covenants ready.
Traveler Accommodation Counts and Payroll in Garland County, AR
County Business Patterns counted 47 traveler accommodation employers in Garland County, AR for 2023, a NAICS group that covers hotels, motels, inns and similar lodging. They had 829 paid employees and $20.1 million in annual payroll, and 29.8% of them had fewer than five employees. Of the 47, 41 were classed as hotels (except casino hotels) and motels. ZIP Code Business Patterns counted 19 traveler accommodation employers in ZIP 71901.
Nonemployer Statistics, a separate program, counted 41 traveler accommodation businesses with no paid employees in the county for 2024. Those are separate counts and are not added to the employer figures.
Laundry Machines, Linens and Housekeeping Carts on a Lodging Budget
A laundry room is a lodging property's workhorse: commercial washers and dryers, folding tables and carts. Housekeeping carts, vacuums and room supplies round out the equipment list. Larger laundry machines fit equipment financing; smaller items are usually covered by working capital or bought outright.
The article on how motels pay for room furniture and HVAC works through an invented refresh in detail.
Lodging owners can also see the list of industries, local lodging and payroll figures, payroll and linen money and PTAC and laundry equipment loans.
By Ambermead Business Loans ยท Updated