Quarryhollow Commercial Capital in Sheridan, Wyoming helps hotel and motel owners request funding for furniture, fixtures and equipment, renovations and working capital. Real estate purchases and mortgage refinancing are not arranged. Funding partners decide on terms.
At a glance
- Traveler accommodation employers (NAICS 7211)
28, with 231 employees (CBP 2023)
- Hotels and motels (NAICS 721110)
27 employers (CBP 2023)
- Traveler accommodation without paid employees
62 (Nonemployer Statistics 2024)
Hotel Lender Types for Sheridan County, WY Hotel Owners
Banks and credit unions lend to hotels with a history; equipment finance companies fund furniture and machines; online lenders read card settlements; merchant cash advance providers buy future receipts. A franchised hotel may also have brand-arranged programs for required upgrades. Quarryhollow passes requests for the non-mortgage side to funding partners that review them.
Motel Loans in Sheridan, WY for Room Furniture and Signage
A motel refreshing rooms can finance beds, dressers, TVs, mini-fridges and new signage as equipment, keeping the property's mortgage untouched. Bundling a full floor of rooms on one agreement can keep paperwork to one set.
Financing Beds, Case Goods and TVs for a Sheridan, WY Hotel
Illustration only, invented figures: a $150,000 room package financed over 60 months at an invented annual rate of 9.5% costs about $3,150.28 a month (our arithmetic). Spread across the rooms it refreshes, that payment is the number to set against higher room rates or fewer maintenance calls.
Business Loans for Hotels in Sheridan, WY: PIP Upgrades, Furniture and Working Capital
A property improvement plan (PIP) from a franchisor lists required upgrades with deadlines. Funding a PIP can mix equipment financing for furniture and a term loan for construction work. Send the PIP with the request; it defines the scope and the deadline.
Hotel Business Loans in Sheridan, WY and the Mortgage They Leave Alone
Refinancing a hotel property to pay for a renovation resets the whole mortgage. Financing the renovation separately keeps the mortgage as it is, at the cost of a second payment. Which is better depends on the existing mortgage terms and the size of the project; compare both in dollars. Quarryhollow does not arrange real estate loans.
Motel Financing Options for Sheridan, WY Owners Updating Rooms
- Equipment loan or lease for furniture, fixtures and laundry.
- Term loan for bathrooms, flooring and construction.
- Credit line for linens, supplies and slow weeks.
- Merchant cash advance, which is not a loan, priced in dollars collected.
The article on financing a hotel renovation in Sheridan, WY walks through phasing a project.
Twenty-Eight Lodging Employers in Sheridan County, WY Before a Renovation
County Business Patterns counted 28 traveler accommodation employers in Sheridan County, WY in 2023, with $6.2 million in annual payroll; 12 had fewer than five employees. Accommodation and food services together had 118 employers and 1,521 employees. A separate 2024 Census tally of businesses with no payroll found 62 lodging operators in the county.
Laundry, Breakfast and Shuttle Equipment for Sheridan County, WY Motels
Commercial washers and dryers, breakfast bar equipment, ice machines and a shuttle van are all equipment with quotes and a resale market. They can be financed one at a time as they wear out, or bundled with a room refresh. Bundling cuts paperwork; financing one item at a time matches each payment to that item's life.
Phasing a Hotel Renovation Floor by Floor in Sheridan, WY
Renovating a few rooms at a time keeps the rest open and spreads the spending. Funding can follow the phases: an equipment agreement for each floor's furniture, or a term loan drawn in stages. Ask whether a funder allows staged funding before you plan the schedule around it.
Hotel Working Capital for Payroll and Supplies in Sheridan, WY
Housekeeping payroll, linens, toiletries and utilities are paid on fixed dates while bookings vary. Working capital or a credit line bridges the uneven weeks. A merchant cash advance can do the same but is not a loan; its holdback takes a share of every card settlement until the total is collected.
What Changes When a Sheridan, WY Hotel Carries a Franchise Flag
A branded hotel answers to the brand's standards and its property improvement plan deadlines, and the franchise agreement may limit what the owner can pledge as collateral or require brand approval for some changes. Send the franchise agreement's relevant sections with the request, so a partner can see the deadlines and any restrictions before it prices the deal. An independent motel has more freedom in what it buys and when, but no brand programs to lean on.
Records a Partner Reads for a Sheridan, WY Hotel Request
- Bank and card processing statements.
- Last year's return and this year's profit and loss to date.
- Occupancy and average daily rate reports.
- Furniture quotes, contractor bids or the PIP.
By Quarryhollow Commercial Capital · Updated