Articles
Refinancing a Bed & Breakfast or Country Inn
By Rick Newman, Managing Partner of Commercial Capital Network
All Bed & Breakfast/Inns are unique by design; in fact it is that unique quality that separates one B & B from the next. Innkeepers invest their energy and capital over time to create a welcoming and hospitable environment that is unique to their community and valued guests.. Read Article...
Financing the Purchase of a Bed & Breakfast or Country Inn
By Rick Newman, Managing Partner of Commercial Capital Network
All Bed & Breakfasts/Inns are unique by design; in fact, it is that unique quality that separates one Bed & Breakfast/Inn (B & B/Inn) from the next. Innkeepers invest their energy and capital over time to create a welcoming and hospitable environment that is unique to their community and valued guests. While the charm and ambiance of an inn add to a patron’s experience, such intangibles have only an indirect effect on the actual value. Read Article...
Using Your 401k/IRA to Purchase a Bed & Breakfast or Country Inn
By Rick Newman, Managing Partner of Commercial Capital Network
Very few investors/entrepreneurs realize that they have the ability to finance the purchase of a business with retirement funds. Most people believe that there are only two options available to them if they want or need to access capital from their plan(s)—namely, either borrowing from the account or withdrawing some portion of the assets. Read Article...
Using 401(k) or IRA to Pay for Capital Improvements
By Rick Newman, Managing Partner of Commercial Capital Network
Few innkeepers realize that they have the ability to use retirement assets to pay for improvements to their property. Most innkeepers believe that there are only two options available to them if they want or need to access capital from their 401(k) or IRA. Borrowing from a retirement account, while still employed with the employer who established your 401(k), may solve a short term objective but it will require a return of the principal with interest. Early withdrawals on the other hand, are subject to pre-distribution taxes and penalties. Read Article...
Credit Reports & Reporting Agencies
By Rick Newman, Managing Partner of Commercial Capital Network
Credit Scores are extremely important to a lender in evaluating the merits of a loan. Your credit or FICO scores have a direct impact on the rate, term and loan program for which you qualify. Read Article...
Capital Investments: Financing Your Renovation
By Nan Adams, Professional Association of Innkeepers International
Whether you’re a new innkeeper or have been in the game for decades, you know how important it is to keep up with industry trends by making the physical improvements necessary to keep, or better yet, to increase your market share. Read Article...
Setting Up Your Books: An Overview of Inn Accounting and Bookkeeping
By Hugh A. Daniels, BS, MBA
While you are busy looking at properties, considering what decor you might want, what should the name be, should we incorporate, dreaming of that opening day, don't forget the less glamorous, but equally important plan of how you will handle your accounting, plus who will provide your bookkeeping services. Read Article...
5 Rules to Writing your Inn's Business Plan
By Hilary Jones, InnGenium.com
Having been at the sharp end of many “strategic development” projects for years before becoming an innkeeper, it never ceases to amaze me how many people go into business for themselves without some sort of plan. Whether your dream is an antique store, online mail order company or in our case, a bed and breakfast, figuring out how you’re going to get from A, your starting point, to B somewhere in the future takes more than just a few notes on a napkin.. Read Article...
Writing Your Business Plan
By Hilary Jones, InnGenium.com
Whether your business is worth a $100 million or just $50,000, writing a business plan gives you the opportunity to investigate just how realistic your goals are and how you can best achieve them, whether it’s to have sizeable profits or simply to clear the monthly bills Read Article... Please call 1-570-595-2120 for more information!
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Contact Information
Commercial Capital Network, LLC
Richard K. Newman, Managing Partner
RR2 Box 2943, Route 447
Canadensis, PA 18325
ccnllc@gmail.com
Phone: 1-570-595-2120
Fax: 570-227-0049
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