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Tighten up your Business Plan for Construction Finance


Tighten up your Business Plan for Construction Finance


There you are with your business plan under your arm and a nervous half-smile plastered over your face as you wait outside your bank manager’s office. It’ll all be fine, you think to yourself. This proposal is dynamite. Just relax.

But then, after you’ve stepped into the office, you’re met with nothing more than a disinterested stare when the words “construction finance” leave your lips. Your bank manager checks his watch, stifles a yawn, looks out the window for a bit, then rejects your offer without so much as half a thought.

Tough break. Indeed, if you ask for any kind of capital for a building project, most lenders won’t even consider it. They’re simply deemed too risky.

Slouching home on the grey streets, all that carousels around your head is, What could I have done differently?

Well, here are some answers to that very question.

Look away from the banks

Where construction finance is thriving is in the realms of alternative finance. Essentially, alternative finance is an umbrella term consisting of crowdfunding, equity crowdfunding, invoice discounting and, more to the point, construction finance.

It’s a world that’s grown into a multi-billion dollar industry as of late, making these companies less reticent than banks to part with cash for your business.

There are a host of different options for those interested in escaping a loan from the banks and trying something different.

Make a hard sell

When you’re making a business proposal, it’s not the time to become a fading wallflower.

Instead, you have to storm into proceedings like you’re Don Draper on an aspirational speech binge. Most of what a decent proposal amounts to is that initial ability to talk the talk and force your ideas into sounding energetic.

Extroverts always get one foot forward in life, so shed your shyness and present like a champ.

Make that plan bulletproof

Most business plans fail because, in a fit of excitement, they’ll move about five steps ahead of their initial outline. It’s easy to have pie in the sky dreams and, by all means, you shouldn’t be frightened of thinking about your business writ large.

But the financial backers you’ll be speaking to don’t need to hear about your wild, fantastical plans. They need to know that your finances will be anchored in some form of reality, not pioneered by someone revelling in their own phantasmagoria.

Your bank manager will be waiting with a figurative loaded gun when you start your proposal, ready to shoot holes in it at the first opportunity. Make sure that it’s robust enough to bear scrutiny and you’ll find it a whole lot easier to raise finance.

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Founder and chief editor of Blogger, Tech Geek, and SEO person. I started this blog because I've been making money online since 2005,and now want to help everyone else start their online business and make money online from home. You can contact me at or

1 Comment

1 Comment

  1. Raj Kumar

    Jun 17, 2014 at 8:55 am

    Maybe it’s added life-threatening in comparison with whereby in fact. Items totally will not almost certainly generally produce your dollars blood flow meant for organization mend over the potential, as a result females and males person’s selling prices hold build constantly in place wards a component.

    Crowdfunding Portal

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