Mortgages, property purchases, construction and building systems are outside this site.
A Gallup, NM hotel or motel can ask about equipment financing for furniture, laundry machines and front-desk POS, and about working capital for linens. The page gives 2023 County Business Patterns counts for traveler accommodation in McKinley County, NM and an invented lobby furniture example. Mortgages, construction and building systems are outside this site.
At a glance
- Traveler accommodation, McKinley County, NM
31 employer establishments (CBP 2023, NAICS 7211)
- Under five employees
8 of the 31, or 25.8% (CBP 2023)
- Paid employees, traveler accommodation
453 (CBP 2023, March pay period)
- Traveler accommodation, ZIP 87301
30 employer establishments (ZBP 2023)
Furnishings, Not Room Work: What Gallup, NM Hotel and Motel Owners Can Fund
The line this site draws runs between what can be carried out of a room and what is part of it. Beds, mattresses, nightstands, desks, chairs, televisions and lobby seating are furnishings, and equipment financing can cover them. Walls, bathrooms, flooring, heating and cooling, and anything else built into the property are building work that stays outside this site.
The same split holds behind the front desk. Commercial washers and dryers, linen carts and housekeeping carts are equipment; the plumbing that feeds the laundry room belongs to the building.
Traveler Accommodation Counts and Payroll for McKinley County, NM
The Census code for this trade is traveler accommodation (NAICS 7211). In the 2023 County Business Patterns, McKinley County, NM shows 31 traveler accommodation establishments with paid staff, and 8 of them, 25.8%, ran with under five employees.
Those 31 had 453 people on payroll in the March 2023 pay period and paid $9.6 million in wages for the year, one total for all of them rather than any single property’s wage bill.
The wider sector, accommodation and food services (NAICS 72), held 140 establishments in the county that year.
ZIP 87301 on its own shows 30 traveler accommodation establishments in the 2023 ZIP Code Business Patterns.
Lodging businesses with no paid employees appear in Nonemployer Statistics: 6 traveler accommodation businesses in the county for 2024.
The Gallup, NM page includes the ZIP 87301 lodging count, and the industries page pairs lodging with restaurants.
Hotel Business Loan: How a McKinley County, NM Hotel Puts It to Work on Linens and Laundry
Linens wear out in batches. Sheets, towels, pillowcases and blankets cycle through the laundry and need replacing a set at a time, and a full order for every room is a stock purchase: a working capital loan or inventory financing can pay the supplier while the rooms earn it back.
Illustration only, invented figures: a 36-room Gallup, NM motel buys 3 sets of linens per room at $185 a set, $19,980 in all. Tying an order like that to the room count and the par level housekeeping keeps on the shelf gives a partner a figure it can check.
An on-site laundry turns the purchase into equipment instead: a commercial washer-extractor, a large dryer and a folding table can go on one equipment request.
Business Loans for Hotels When a Gallup, NM Hotel Needs a Front-Desk POS
A front desk runs on a property management system and a card terminal, plus a register where there is a lobby shop. Hardware is the part a request can cover: terminals, front-desk computers and printers, and the one-time setup charge.
A software subscription paid monthly is a running cost, and a partner may keep it off the request.
A partner may also ask how the new system fits the old one, for example whether the card terminals stay with the current processor, since a change of processor changes the card statements a partner reads.
Commercial Loan for Hotel Room Furnishings: Notes for Gallup, NM Hotel and Motel Owners
A commercial loan for a hotel, in this site’s terms, is a business loan for the contents, never a mortgage on the property.
Replacing room furniture is a large, planned purchase with a long useful life, which suits a term loan or equipment financing with fixed monthly installments. If a franchise brand sets a furniture specification, the vendor’s quote can follow it line by line.
On a room furniture quote, a partner can look for:
- Each room type with its own piece list and price
- Mattresses priced apart from the case goods
- Old pieces hauled away, with delivery and setup priced as well
- The vendor’s lead time between order and delivery
Small Business Loan for Hotel Explained With a McKinley County, NM Hotel Buying Lobby Furniture
Illustration only, invented figures: a McKinley County, NM motel prices lobby seating, a breakfast-area table set and two luggage carts at $26,400, financed over 48 months at 10.25% a year.
| Item | Figure |
|---|---|
| Furniture and carts | $26,400 |
| Rate (annual %) | 10.25% |
| Term in months | 48 |
| Per month | $672.75 |
| Four years in total | $32,292.00 |
| Interest part | $5,892.00 |
Spread across the 48 months, the invented payment of $672.75 is what the lobby has to support.
By Rainview Business Loans · Updated