How do I secure funding for a small quarrying plant?
I want to start up a stone crushing plant in Uganda to produce aggregates in 1 inch and 1/2 inch to mention for construction. This is due to the high demand for aggregate stone for construction. There are a few companies that can produce aggregate stones that meet the construction standards and the rest of quarrying is done using local tools like hand hammers and small hoes. I have the land that has a lot of stones that can facilitate aggregate stone production for about 5-10 years and even above before thinking of purchasing raw materials outside. However, I have consulted one Chinese company about the machine that can crush stones to produce these aggregates and the smallest machine they have has a capacity of producing 20 tons per hour and the prices of the machine cost between 8,000-10,000 dollars
I am therefore asking if I can get investors to help make this investment faster and probably see make returns in a few years.
You are not alone. Funding is probably the most important factor when considering a new business idea. To be not too specific for your locality you may try these 5 ways to getting funding:
2. Friends and Family
3. Angel investing
5. Bank loan
You may wish to Google these terms to get brief or detailed applicability for your locality (best match for you). You may have a quick understanding by reading this short article here if you wish - https://ecango.com/blog/ways-to-get-business-funding/
Best of luck on your entrepreneurship.