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LOCATION & INDUSTRIES

Your Guide to Travel Agency Financing

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  • Get funds as fast as 24 hours
  • Applying won’t impact your credit score
By Erin Ryan Staff Writer and Editor at Fast Capital 360 Reviewed By Mike Lucas
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Loan Overview

  • Coins stacked on table with blue arrow pointing up
    Loan Amount Up to $500,000
  • Calendar image appearing as though the page is being flipped
    Estimated Repayment Terms 1-5 Years
  • Speedometer icon
    Interest Rate Starting at 7%
  • Dollar sign in circle
    Speed of Funding As fast as 1 day

Travel agencies have been helping new and seasoned travelers for decades. 

While they’re part of a popular industry, these businesses do experience seasonal ups and downs, however. 

When that happens, travel agency financing can allow owners to meet increased demands or power through slower seasons. 

Here are several ways financing can help as well as loan options to consider.


Reasons to Apply for a Travel Agency Loan

With many travelers using self-booking sites, such as Expedia and Airbnb, it’s vital to stand out and do what it takes to bring in business. Reasons to turn to travel agency financing include:

Advertise

Generate business by getting your name out there. Whether you want to invest in a billboard or online advertising, you’ll need capital. In smaller cities, a billboard could run you a couple thousand dollars a month. You also could spend that much, if not more, on online advertising.

Maintain a Website

Maybe you don’t have a website yet and would like to invest in one. Or perhaps your site hasn’t been updated since its initial launch. Whether you’re looking to improve speed, usability, layout or another feature, you’ll need help. Needless to say, the costs can add up when you want to hire a website developer, graphic designer, copywriter or user-experience specialist.

Upgrade Computers

Are you still using a boxy desktop for your business? Do you need new software? If you want to purchase the latest laptop or slim desktop and don’t have the funds you need, a business loan can help.

Cover Rent and Utilities

If you run your office out of a retail location, the costs to keep the lights on and doors open might be more than you can bear in a month. A loan can help you cover operating expenses so you can keep business running as usual.


Best Types of Travel Agency Financing

Here are a number of types of financing options and business loans for travel agencies.

Business Line of Credit

If you want access to financing you can turn to it anytime you need it, consider a business line of credit. Similar to a credit card, it’s the most flexible type of financing, whether you need to cover an emergency expense or need help getting through a slow month.

Business Term Loan

If you’re approved for a business term loan, you’ll receive one lump sum of funds, which you can use for virtually any business expense. Term loans can be short-term, with repayments ranging from a few months to more than a year, to longer term loans, which span several years. Buy equipment, advertise, fund improvements and more.

SBA Loan

If you’ve been denied for a bank loan but are still seeking a loan with competitive rates and terms, a Small Business Administration (SBA) loan is an alternative. These loans are partially guaranteed by the government, so they pose less risk for lenders if a borrower defaults.

Working Capital Loan

Many types of short-term financing options fall under the term “working capital loan,” also known as a “bridge loan.”  These loans help business owners bridge gaps of capital to pay for everyday operating expenses, such as payroll and rent.

Merchant Cash Advance

Many alternative lenders offer merchant cash advances, which are funding options available to business owners who need capital fast and have less-than-perfect credit. Funds could be issued as fast as 1 day of approval. Offers typically require daily payments. Financing costs, known as factor rates, are also greater.


Estimate terms for every type of financing

Loan qualifications

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    Time in Business 1+ Year
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    Annual Revenue $200,000+
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    Credit Score 560+

Loan qualifications

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    Time in Business 1+ Year
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    Annual Revenue $200,000+
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    Credit Score 600+

Loan qualifications

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    Time in Business 1+ Year
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    Annual Revenue $75,000+
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    Credit Score 540+

Loan qualifications

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    Time in Business 2+ Years
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    Annual Revenue $160,000+
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    Credit Score 620+

Loan qualifications

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    Time in Business 1+ Year
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    Annual Revenue $150,000+
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    Credit Score 600+

Loan qualifications

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    Time in Business 4+ Months
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    Annual Revenue $100,000+
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    Credit Score 500+

Loan qualifications

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    Time in Business 2+ Years
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    Annual Revenue $50,000+
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    Credit Score 650+

Loan qualifications

  • icon
    Time in Business 1+ Years
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    Annual Revenue $75,000+
  • icon
    Credit Score 540+

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            Estimated Interest Rate

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            Where to Find a Business Loan for Your Travel Agency

            Conventional lenders (e.g., banks) have long been considered the go-to for businesses in need of a loan. Although a staple in small business lending for the better part of a century, banks often have challenging qualification requirements that can make it difficult for travel agency businesses, and small businesses in general, to qualify for a loan. The process to apply and get funded also can take time. 

            Today, alternative lenders are on the scene offering fast financing options to small business owners who may have been turned down for a conventional bank loan. The trade-off for the ease and speed of financing is typically shorter repayment terms, more frequent payment installments and higher interest rates.


            What You Need to Apply for Travel Agency Financing

            With Fast Capital 360, you can seek travel agency financing with the following:  

            Minimum Requirements:   

            • 500-plus FICO score
            • 6 months in business
            • Annual revenue of $120,000 

            What You’ll Need to Get Started:

            • Basic information about your business and yourself 
            • 6 most recent monthly bank statements

            Apply With Fast Capital 360

            Here’s what sets us apart:

            Quick and Easy Application

            Take a few minutes to complete your easy online application.

            Multiple Offers

            Because we partner with lenders throughout the country, your single application could return several funding offers.

            Expert Advice 

            Our Business Advisors are on hand to answer any questions you have about your financing offer, so you can make the best decision for your business.

            One application. Multiple loan offers.

            Quickly compare loan offers from multiple lenders without impacting your credit score.

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