For an 18 years old, congrats on thinking of such a lofty and expensive business. Not many 18 year olds have the resources to even think of starting such a business
Here are some resources to help you get me information on how to start a skatepark
http://www.skateparkguide.com/
http://www.skateparkpages.co.uk/cgi-bin/ArticleView.asp?article_id=113
http://www.skateparkguide.com/
http://skateboarddirectory.com/dir/Sports/Skateboarding/Skateparks
http://www.skateparks.com/home.html
You may want to consult with government agencies that helps entrepreneurs so you can be guided on how to start this business, particularly the legal and regulatory requirements
- Government Mentoring Programs such as SBDCs, which works with community colleges and local business development councils to offer mentoring programs http://www.sba.gov/sbdc/sbdcnear.html ; or the Women's Network for Entrepreneurial Training http://www.sba.gov/womeninbusiness/wnet_roundtables.html
- Volunteer programs such as SCORE http://www.score.org which is composed of mostly retired executives and entrepreneurs
Note though that getting a loan is not easy, particularly for a huge amount and you being so young. banks and even the SBA may consider other factors aside from your business credit:
- A business plan explaining what the business is
- Your personal credit history (at 18, do you have a credit history?)
- Your background and experience in the business -- in my experience, this is KEY in the eyes of the bank because they want to make sure that you know what you are doing and that you can make the business work. If you don't have any experience with the business, have someone on board that knows the business to give banks assurance that someone will guide you
- Your credit factors because it shows your dependability and how well you handle credit. They will do a credit check on you and poor credit history may be frowned upon, or even reason for the disapproval of your loan application
- Your collateral. Banks, even SBA guaranteed loans, want the borrower to show collateral. They want to be guaranteed that somewhere somehow they can get payment from you
- Condition or terms of loans. Banks would want to know three important things: "How much money are you requesting? What will it be used for? and For how long will it be needed?" Banks oftentimes prefer to approve loans for items that can be identified, has lasting value, and can be repossessed and sold if things fail.
- Equity investment, about 20% of the total cost you need
