Banks don't want to lend money right now. That is a major problem for many businesses and real estate developers. Without getting a loan like you used to, how are you supposed to fund your project?
The federal government has an interesting proposal for you. Well, maybe not you, unless you aren't a U.S. citizen.
In 1990 Congress created a new employment based visa category, where immigrants who invest in certain new commercial enterprises, or existing troubled businesses, can obtain a Green Card. The basics for investing in a new commercial enterprise are that the immigrant must invest at least $1,000,000, or if the investment is in a targeted employment area, only $500,000, it has to create at least 10 full time jobs, benefit the U.S. economy by providing goods/services to U.S. markets, and the immigrant must be involved in the day-to-day affairs of the business - either as an officer or board member.
The basics for investing in a troubled business are that the business must have existed for at least two years, but has been incurring net loss for the previous one or two years which equals at least 20% of the company's net worth before the loss. The applicant must maintain the same level of employment for the next two years, and be involved in the day-to-day affairs. The same investment levels apply as the new business path.
