Capital Access Available for Hospitality Industry Nationwide On Amounts Up To $1M+ | Eligibility and Initiative details may vary.
Hospitality Industry Can Gain Access To Business Capital In Less Than 10 Days
Get A Free Funding Estimate Today
See How Quickly You Can Acquire Funding
No Upfront Fees and No Obligation
Hospitality Industry Can Gain Access To Business Capital In Less Than 10 Days
Get A Free Funding Estimate Today
See How Quickly You Can Acquire Funding
No Upfront Fees and No Obligation
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Types of Funding Solutions Available
Working Capital Advances
Seasonal Business Loans
Expansion Loans
Payroll Funding
Equipment Financing
Renovation Loans
Marketing & Advertising Loans
Inventory Loans
Receivables Financing
Working Capital Advances
Seasonal Business Loans
Expansion Loans
Payroll Funding
Equipment Financing
Renovation Loans
Marketing Advertising Loans
Inventory Loans
Receivables Financing
Frequently Asked Questions (FAQs)
What period does the HCAP program cover?
The Hospitality Capital Access Initiative is a targeted program aimed at providing financial assistance to businesses in the hospitality industry, such as restaurants, grappling with economic challenges. Recognizing the extraordinary pressures faced by these businesses, including decreased customer traffic, mandatory closures, and the challenges of adapting to new regulations, this initiative offers a lifeline to sustain and revitalize the hospitality sector.
• Up to $700,000 in business loans for eligible hospitality businesses
• Rapid processing with loan funds disbursed within 10 days of application approval
• Eligibility based on increased financial burden
• The initiative offers access to capital at low-interest rates
• The application deadline is set for April 14, 2025, ensuring ample time for businesses to apply
This initiative is not only a benefit but a testament to the value and resilience of the hospitality industry during these challenging times, providing businesses with much-needed financial support and resources.
Do we still qualify if we already took the PPP?
Yes. Under the Consolidated Appropriations Act, businesses can qualify for the HDRP even if they already received a PPP loan.
Who qualifies for the HCAP program?
The Hospitality Capital Access Initiative is a targeted program aimed at providing financial assistance to businesses in the hospitality industry, such as restaurants, grappling with economic challenges. Recognizing the extraordinary pressures faced by these businesses, including decreased customer traffic, mandatory closures, and the challenges of adapting to new regulations, this initiative offers a lifeline to sustain and revitalize the hospitality sector.
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