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4 answers

try this franchise business.

http://www.homeinstead.com/frandev/default.aspx

2007-03-12 09:57:48 · answer #1 · answered by Anonymous · 1 0

Your property must be zone properly with the city or county. You also need proper state and county business licensing to operate an assisted living facility. They normally issue the licenses with a limit on how man beds your property can support. Some steps come before others. For instance, you may need to have all of your equipment and working capital in place before you can get final approval from your county/city to operate your business at your property.

This can be pretty expensive and if you don't have a lot of cash on hand, the Small Business Administration has loan programs available to help your business get started. These loans are available through an SBA Lender such as a Bank or Credit Union (Not all banks can or will do these loans). I work for a bank that does lot of real estate loans for Assisted Living Facilities, but we don't do any business-only loans, such as you might need in this case (since you already own the property). The loan program that you might want to learn more about is called the 'SBA 7a program.' It can be used for start-up businesses as well as real estate purchases.

Usually the SBA likes you to have a few years of experience in the field of your new business.

The other option is if you have equity in your property, then you can simply refinance your property and take some cash out to start your business.

I hope this helps. I know about the business from a financing point of view, hence my advise above has a lot to do with that aspect. Good luck!

2007-03-12 17:19:16 · answer #2 · answered by Anonymous · 0 0

You'll have to write proposals for local, state, or government grants.

There are rules to applying for this assistance. So go on line and do a search. Also it would be a good idea to go to a workshop on how to write proposals. Keep in mind that wordplay can be misleading, and you should be aware of what works and not.

Just make a list of the things you'd like to offer, and see if with further assistance and information, it can be accomplished.

Best of Luck to you.

2007-03-12 16:59:23 · answer #3 · answered by grldragon101 4 · 0 0

It would have been nice if you told us your city and state.

Best advise I can give you is to search for your local city main web page for information. Most city pages have all that information for you. You can also call wellfare or social services. If you know where your local city hall is, Im sure they will be happy to help you get information.

2007-03-12 16:57:32 · answer #4 · answered by Anonymous · 0 0

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