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.”
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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.