What to do first?

[stakat80]

Hi all, I am fairly new to the boards. I've been reading a lot of the posts and doing a lot of research to become a mat owner. So far, I'm not doing too badly with the research I'm finding, but I do have one main question so far. I know I need a business plan, a loan, a building. What is the best order to do this? I know I need the business plan for the loan, so obviously that is first. Do I find a property or go for the loan first? I've had my own business before, but nothing this big. Thanks for any info.
Kathy

[petefritz]

take a trip to your local bank. They can tell you what is needed to get a loan. Generally, you need assets at least twice the loan, or cash down of about 30% into the project if including real estate. SBA has some plans also, but will require equity in something else you own.