FAQ's

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Frequently Asked Questions

 

1. What is the Northwest Texas Small Business Development Center (NWTSBDC)?

2. What is a small business?

3. What is a SBA loan and how do I get one?

4. Where do I get a SBA loan application? My bank doesn't have any.

5. What assistance does the SBDC provide to me if I am seeking a loan?

6. How long will it take to get a loan?

7. Will the SBA deny a loan application based on personal history?

8. What is SCORE and how do I contact them for assistance?

9. Is assistance available to help minority entrepreneurs to start a small business? Women? Veterans? Disabled?

10. How can I receive grant money for my small business?

11. How do I become a non-profit organization?

12. What do I need to do to start my business?

13. Do I need to write a business plan? What do I need to include in my business plan?

14. Who can write my business plan?

15. What do I need to do to obtain a business license?

16. I want to start a business from my home, what should I do?

17. How do I know if my business name is being used? How do I register my name?

18. What is the difference between a sole proprietorship, partnership, corporation, and limited liability company. Should I incorporate my business?

19. Do I need a Federal Employer Identification Number (FEIN)? If so, how do I obtain it?

20. How do I sell my product or services to the government?