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
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.
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?
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.