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Steps to getting funds to construct new commercial building

    • 50 posts
    April 19, 2013 8:29 PM EDT

    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

    • 3 posts
    October 2, 2006 8:40 PM EDT

    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

    • 3 posts
    October 3, 2006 7:06 AM EDT

     

    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

    • 2 posts
    April 18, 2013 5:40 AM EDT

    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.

    • 927 posts
    October 3, 2006 3:17 AM EDT

    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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