Call (865) 326-1090 or send the form, and funding partners decide on any offer.
In-room appliances for 48 rooms as a loan and a lease, the records a partner may ask for, laundry machines financed without the hookup, breakfast equipment at 18 and 30 months, and what stays out of a hotel request.
At a glance
- Traveler accommodation establishments, Sevier County, TN
204 (CBP 2023)
- Of those, fewer than 5 employees
56 (CBP 2023)
- Traveler accommodation with a ZIP 37862 address
22 (ZIP Code Business Patterns 2023)
- Traveler accommodation with no paid employees, county
111 (Nonemployer Statistics 2024)
Microwaves and mini-fridges for every room at a Sevierville, TN motel: loan or lease?
Illustration only, invented figures: a Sevierville, TN motel with 48 rooms puts a $176 microwave and a $227 mini-fridge in each one, $19,344 in plug-in appliances. As a 36-month loan at an invented 11.95% annual rate, the motel pays $642.04 monthly and $23,113.44 over the term.
A lease with a $1 buyout is quoted at an invented $668 a month for 36 months. With the dollar, it totals $24,049.00, or $935.56 more than the loan for the same appliances (our arithmetic). The lease can still make sense where its paperwork or deposit differs; the offer documents show which applies. The equipment financing page covers both shapes.
Front-desk software and computers at a Sevier County, TN hotel: the records a lending partner may ask for
A front-desk refresh, with new computers, a property management software license and receipt printers, is a short-lived cost, and a funding partner may ask to see that the property can carry its payment. Records a partner may ask for include:
- Bank statements from the company that runs the hotel, covering the last three to six months
- The software and hardware quote, with license and setup listed separately from monthly fees
- The name the business operates under, matching its state registration
- Any existing equipment payments the property already makes
The property deed and mortgage are not part of this kind of request, because the funding is for the equipment, not the building.
Laundry room washers and dryers for a Sevier County, TN motel, financed without the hookup
Illustration only, invented figures: a Sevier County, TN motel replaces its laundry room machines: a $21,950 washer-extractor and two stack dryers at $7,400 each, $36,750 in total. Financed over 60 months at an invented 10.55% annual rate, the machines cost $790.81 a month, with $10,698.60 of interest inside the $47,448.60 total (our arithmetic).
The water supply, drain, dryer venting, gas line and electrical work that connect those machines are property work outside this site. The owner pays a licensed contractor for the hookup separately, and the request covers the machines and their delivery.
Laundry machines of this size can run for many years, which is why a 60-month term fits them better than it fits small countertop equipment. A property that sends its linens to an outside laundry service today can set that monthly bill next to the machine payment, plus water, power and staff time, before deciding to bring the work in house.
Breakfast-area equipment at a Sevierville, TN hotel, priced at two loan lengths
Illustration only, invented figures: a Sevierville, TN hotel replaces two waffle makers, a juice dispenser, cereal dispensers and a toaster for its breakfast area, a $7,980 order of plug-in equipment, at an invented 12.55% annual rate:
| Term | Monthly payment | Total of payments | Interest |
|---|---|---|---|
| 18 months | $488.68 | $8,796.24 | $816.24 |
| 30 months | $311.28 | $9,338.40 | $1,358.40 |
The 30-month schedule is $177.40 lighter each month and $542.16 heavier in interest. Small countertop machines wear out sooner than larger machines, so a term that ends before they do keeps the hotel from paying for equipment it has already replaced. A working capital loan can carry an order like this too.
What hotel loans arranged through Boldwick leave out: the property, PTAC units and renovation work
Hotel loans through Boldwick stay with equipment and operating costs. Buying a hotel, motel or cabin, refinancing the property, renovation and construction work, and building systems such as PTAC units, HVAC, plumbing, roofing and pools are outside this site.
County Business Patterns counted 204 traveler accommodation establishments in Sevier County, TN in 2023 (NAICS 7211, the code that takes in hotels and motels), and 56 of them had fewer than five employees. Their combined annual payroll was $196,151,000. Nonemployer Statistics separately counted 111 traveler accommodation businesses with no paid employees for 2024.
Restaurants and coffee bars have their own notes on the industries page, and the Sevierville, TN page covers the office city.
Two more motel purchases, floor care machines and lobby vending machines, are priced in the article on motel floor care and vending machines.
By Boldwick Funding Group ยท Updated
