I want to start a water park which is a very big business. What would be some tips on getting a loan to build a park? I've thought about it alot and so far this is the biggest concern of my planning process because generally it is a very big number. Thanks for your help.

If you have everything else involved with a project like this all squared away and your only concern is getting the loan, then you are way ahead of the game. In my opinion the part about getting the loan is the easiest.

Assuming you have all the plans laid out, you have located the land where you will be building the park, you have obtained all the permits, zoning, environmental studies, etc., and you have all the labor all tied up as well, you will have to decide how you would like to proceed with acquiring the money neccessary to complete the project.

I think it is safe to say that you do not have an extensive amount of experience with projects of this magnatude and therefore you are more than likely not in a bankable situation for this project. You need to take stock of your personal assets and determine how much money you could afford to contribute on your end, then you have to decide between seeking out equity partners who will sign on and provide the additional financing or seeking out private money lenders to provide a loan for the acquisition and development of the project.

The major differences between the two are, an equity partner or partners will cost you less money out of pocket, however will most likely want to be a part the planning and decision making and will want anywhere from 50 to 60% or more of the profits of your project. A private money lender will cost you more initially, but will be far cheaper in the long run. Not to mention the project will be yours including the all the equity.

I could discuss the possibilities of obtaining a loan with you, my company specializes in projects like this and I would be more than happy to review your plans with you and provide you with information and options available to you.

In the end you will have to decide which path is best for you, I could help you make that an educated decision. Call or email to discuss the details of your project and I will provide you with more information of the options I could provide you.

-I look forward to speaking with you...