Financing the Small Development

THE FINANCING SMALL DEVELOPMENT Banks want to lend you money if you have a good project. All you have to do is learn how to ask. by John Brown You’re a small-volume contractor, custom builder, or remodeler. Although you may have started out as a subcontractor in carpentry, plumbing, or some other trade, you have gradually become more of a general contractor or perhaps even a small developer. Many of your friends and associates’ have moved on to larger scale development projects and you’re considering doing the same. Once you have a specific project in mind, however, how do you go about getting the financing? Financial Feasibility Before you even consider seeking financing, you must “do the numbers” to determine the economic