A bankable feasibility study can be used in many ways. For your own satisfaction as part of your due diligence, to show to investors, helping to re-zone your property, getting a grant or applying for a commercial loan, SBA 504 or 7(a) loan or getting a loan guarantee through the USDA or USDA grant.
If you wait until your lender tells you to get a feasibility study after applying for a loan, then expect to be held up until its ready. If you are making a loan application, ask the bank or lender if they require a feasibility study.
They might not know until loan underwriting tells them so. And then you will be in a rush and perhaps get extensions on closing. A good and reliable feasibility study requires time to do it well.
Cheap and Fast will come back to bite in too many cases.
We have been engaged often by borrowers who paid money for a useless document by a group or person who is not credible or has the necessary experience to provide the level of bankable feasibility study the lender demands - and then you are stuck being behind in closing and spending more money.
Time is Now
We suggest investing in a well-documented feasibility study by a provider such as Feasibility-Study.com who is recognized as a professional feasibility study provider nationwide in an array of sectors.
How Much is this Investment into a Feasibility Study?
That depends in the type and complexity of your concept. Call us, send a summary of your project and how the study will be used, which program it needs to comply, and we will prepare a proposal for you right away.
Should I interview the Feasibility Study
Absolutely.
What Should I ask in this Interview?
References. Proof of insurance. Let then show you some recent samples over a Zoom Meeting. As them their experience in your industry and talk shop with them to see if they understand your business and industry.
Publisher Details: SBA Feasibility Study Consultants: USDA Feasibility Study Consultants: Feasibility-Study.comhttps://www.feasibility-study.com/
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