Guesty eases funding process for vacation rental clients
Property management companies that use Guesty can now apply for financing directly in the software platform.
The streamlined application is available now that Guesty has partnered with Clearbanc, a financial services firm for entrepreneurs and small business owners.
Clearbanc will award up to $5 million in capital to property management companies that use Guesty. While $5 million will be the most awarded to any one company, there is not a finite amount of funding available.
“Our partnership with Clearbanc was an easy decision,” says Guesty CEO and co-founder Amiad Soto.
“Guesty’s main goal is to clear up time for property managers so they can grow their businesses, and Clearbanc gives them the means to do just that.”
Clearbanc’s funding decisions are based on business data, not credit reports and personal assets, and advances are provided with a fixed fee that clients can pay back as they earn rental income.
Property management companies can use the funding for marketing, renovations, acquisitions, technology and more.
“Access to capital is the number one thing that prevents entrepreneurs from growing big businesses” says Clearbanc co-founder Michele Romanow.
“Clearbanc has partnered with Guesty to help business owners scale their operations without the burden of cash flow gaps. Guesty is the machine that helps operate every aspect of a property management business, and Clearbanc is the fuel to enable that growth.”
Along with this new funding integration, Guesty provides clients tools to manage their listings across multiple channels such as Airbnb and Booking.com, and it provides property management software, payment processing, booking website creation, a mobile app and more.
Read the Source.