How to get a loan?

Real Estate

• 
  shahid abdulla
  

  Participant

  2 months, 3 weeks ago

  How to get a loan?

  how to get a loan to lease an island and build 200 room resort/hotel?

  #328319 Reply
  2 Replies
  
  Melanie Patterson, MA, CBA
  

  Participant

  

  2 months ago

  Write a business plan, include financial projections, you’ll need to put some of your own money in, and take your plan to lenders and investors.

  That’s the simplified answer, but the business plan with solid financials, your ability to run such a venture, your current personal financial statement, and your own investment will be critical to any investors or lenders.

  #344565 Reply
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  Meaghan Brophy
  

  Moderator

  

  4 weeks, 1 day ago

  Hi Shahid,

  I agree with Melanie, writing a business plan is a good place to start. In fact, it will be necessary for securing a business loan. This article walks through 12 different types of startup business loans and who they are right for.

  Cheers!
  Meaghan

  #370641 Reply
  2 Replies
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