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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?