Hospitality Loans for Austin Hoteliers
Whether you’re building a new hotel in the heart of Austin, renovating a boutique property near South Congress, or acquiring a franchise close to Austin-Bergstrom International Airport, Herring Bank offers financing solutions designed to meet your unique needs.
Types of Hospitality Loans We Offer in Austin
- Conventional Hotel Financing: Purchase existing hotels or hospitality properties with competitive terms that align with your business objectives.
- Construction Loans: Obtain funding for new hotel developments or expansions, including land acquisition, construction costs, and other project-related expenses.
- Renovation Loans: Upgrade and modernize your property to stay competitive in Austin’s dynamic hospitality market.
- Refinancing Options: Optimize your existing loan terms to secure better rates, reduce payments, and enhance cash flow.
- SBA Loans: Access government-backed financing with low down payments, ideal for small and medium-sized hospitality businesses in Austin.


Why Choose Herring Bank for Hospitality Lending in Austin?
Local Expertise
As a Texas-based bank, we understand the unique challenges and opportunities in Austin’s hospitality market. From vibrant areas like Downtown Austin and South Congress to growing neighborhoods near the Domain and East Austin, we’re here to support your business goals and growth.
Competitive Rates
Our hospitality loans are designed with flexible terms and competitive interest rates, ensuring they align with your financial objectives while maximizing your profitability.
Industry Knowledge
With decades of experience, we have financed a wide variety of hospitality businesses, including boutique properties, independent hotels, franchises, and luxury resorts, helping them succeed in Austin’s competitive market.
Personalized Support
We’re committed to building long-term partnerships with our clients. Our experienced team works closely with you to understand your specific needs and craft customized financing solutions that drive your hospitality business forward in Austin.
How to Apply for Hospitality Lending in Austin
Step 1: Contact Our Austin Hospitality Lending Team
Get in touch with our hospitality lending experts to discuss your project and financial needs.
- Phone: (214) 225-3166
- Request a Call: Share your preferred time, and our team will promptly follow up with you.
Step 2: Provide Your Business Details
Prepare the following documents to streamline your application process:
- A business plan detailing your project scope, goals, and timeline.
- Financial statements, including income, cash flow, and balance sheets.
- Property details, such as appraisals, renovation plans, or construction blueprints.
- Personal financial information for small business owners, if applicable.
Step 3: Submit Your Loan Application
Work with our Austin lending team to complete your loan application:
- Fill out the straightforward application form with expert guidance.
- Submit the form along with the necessary documents for review.
Step 4: Loan Review and Approval
Our underwriting team will:
- Evaluate your application for eligibility.
- Customize the best loan terms for your project’s needs.
We’ll keep you updated throughout the process to ensure a smooth and efficient experience.
Step 5: Funding and Implementation
Once approved:
- Funds will be disbursed in alignment with the loan agreement.
- Leverage the financing to bring your Austin hospitality project to life, whether it’s for construction, acquisition, or renovations.


Austin Hospitality Lending: Key Benefits for Business Owners
Austin hospitality lending provides numerous advantages for business owners aiming to grow and thrive in this vibrant and competitive market:
- Deep Local Insight: With a thorough understanding of Austin’s hospitality industry, we recognize the unique challenges and opportunities in areas like Downtown Austin, South Congress, and East Austin.
- Efficient Loan Processing: Our streamlined application and approval process ensures you receive the funding you need promptly, allowing you to focus on your business goals.
- Tailored Financing Solutions: We develop customized loan packages to support your specific business objectives, whether you’re acquiring a property, constructing a new hotel, or renovating an existing one.
- Competitive Interest Rates: Take advantage of affordable financing options designed to maximize your profitability and deliver long-term returns on your investment.
The Austin Hospitality Market
Tourism Growth in Austin
Austin welcomes millions of visitors each year, driving a high demand for hotels and hospitality services. From iconic attractions like the Texas State Capitol and Barton Springs to world-renowned events like South by Southwest (SXSW) and Austin City Limits (ACL), the city’s vibrant tourism industry continues to fuel growth in hospitality.
Prime Locations
Key areas like Downtown Austin, South Congress, and the Domain are prime hotspots for hospitality businesses. These high-demand locations offer exceptional opportunities for new hotel developments, boutique properties, and franchise expansions.
Investment Opportunities
Austin’s booming economy, rapid population growth, and international reputation as a cultural and business hub provide unmatched opportunities for hotel development, renovation, and expansion. The city’s dynamic mix of events, attractions, and a strong business environment make it an ideal market for hospitality investments.

Frequently Asked Questions (FAQ) – Hospitality Lending in Austin
What loan amounts are available for hospitality financing in Austin?
Loan amounts depend on your project type and financial qualifications. Our hospitality loans typically range from $500,000 to $15 million, supporting everything from boutique hotels to large-scale developments in Austin.
Can I secure financing for a new hotel construction project in Austin?
Yes, we provide construction loans tailored for hotel developers. These loans cover land acquisition, building costs, permits, and other project-related expenses in prime Austin locations.
How long does it take to get loan approval?
The approval timeline depends on the complexity of your project. However, our team works diligently to provide decisions as quickly as possible, minimizing delays and ensuring a smooth process.
Are boutique hotels eligible for financing?
Absolutely! We finance a wide range of hospitality businesses, including boutique hotels, independent properties, and franchised brands across Austin.
What types of collateral are required for hospitality loans?
Collateral requirements vary depending on the loan type but may include the property, business assets, or personal guarantees. Our team will guide you in determining the best options for your situation.
Can I refinance an existing hospitality loan in Austin?
Yes, we offer refinancing options to help you secure better rates, lower monthly payments, or consolidate debt, improving your cash flow and financial flexibility.
Do you provide financing for hospitality-related renovations?
Yes, we offer renovation loans to help you upgrade and modernize your property. This includes interior remodeling, energy-efficient updates, and aesthetic enhancements to attract more guests.
Are SBA loans available for Austin hospitality businesses?
Yes, we provide SBA-backed loans with low down payments and flexible terms, ideal for small and medium-sized hospitality businesses in Austin.
What industries within hospitality do you finance?
We finance a variety of hospitality businesses, including hotels, motels, extended-stay properties, resorts, and other lodging facilities throughout Austin.