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Steps to getting funds to construct new commercial building

 
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msdru

posts: 3

Oct 03, 2006 1:40 AM ET    Quote  Report Abuse
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Hello,

I am in St. Louis, MO and I am currently in the process of securing funding to build the children, youth, and family center that will house the childcare and human development services for my company Daycares R Us.

I would like to know what are the exact steps that need to be taken to get a commercial building built from the ground.

Please Help!



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Ms. Dru
robertj

posts: 1458

Oct 03, 2006 8:17 AM ET    Quote  Report Abuse
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Ms Dru,

If your question is pertaining to the steps to actually build the building - that may be too detailed and beyond the scope of this group. When you are ready to begin , I suggest you engage the services of a professional design or architectural firm, who can help you with site selection, plan approvals and construction oversight.

If your question is related to the funding of a commercial building – then the first step is to determine financial viability – can the building generate sufficient revenue to cover expenses and service the debt for construction.

.

 



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Business Growth Masters, LLC -
Capital Catalysts for Entrepreneurs
Home of the Scalable Business Plan and QuikStart Capital Programs
http://www.bizgrowthmasters.com
info@bizgrowthmasters.com


msdru

posts: 3

Oct 03, 2006 12:06 PM ET    Quote  Report Abuse
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To robertj, or anyone else who did not have clarity to the above question [I appologize] . I fully understand that I will have to get a archetichet and draw blue prints and do land surveys, get a contractor, and so on. But my question is what are the funding steps? I already have the fesiability plan spelled out so I know their will be a immediate ROI, however, I need to know are their grants avalible for such a project because I am a nonprofit organization. And if I do get a grant for the land or a for the whole project does anyone know any foundations who would provide funding? 



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Ms. Dru
lilymarlene

posts: 16

Apr 17, 2013 2:47 PM ET    Quote  Report Abuse
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You have a lot of work to do if you want to construct a commercial building, I would advice you to invest in solar power energy, you can get back your investment in only a couple of years. There are a lot of solar power benefits and the investors would love to hear about your green initiative.



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Bizminded111

posts: 3

Apr 18, 2013 10:40 AM ET    Quote  Report Abuse
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If you are starting a non profit, why not get a grant.  With the right guidance or networking, you'd probably get a reall big check Smile



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Free Guide to Grants & Loans. Click link through profile.
allianceonellc

posts: 60

Apr 20, 2013 1:29 AM ET    Quote  Report Abuse
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Here are some points to be considered, which can help you to get a small business loan:


1. Don't quit your day job
2. Offer something of value
3. Keep meticulous records
4. Plan on providing a plan
5. Character counts
6. Check and recheck your credit



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Invoice Factoring
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