How to finance an indoor field?
So I have a great idea for an indoor paintball field, and I'm currently working on the business plan to see if my idea could ever be a sucess as a business, and I've hit my first problem. By my rough calculatoins thus far, it will take somewhere between 400,000 - 500,000 dollars to start this business (this includes the building of a structure to house the fields). The reserach I've done on the internet tells me that even with an SBA loan I would still need 10-20% of equity to get a loan for the remaing capital. Well unfortunely it would be hard for me, and I'm sure anyone else, to get that kind of money. What I'm asking for is advice from field owners on who you came up with enough capital to start your fields. Did you just borrow from friends and family or maybe issue some common stocks? Did you go risky and use the equity on your house? Any information would be greatly appreciated.