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Per the U.S. Small Business Administration’s Office of Small Business Development Centers:
8.1.34 Small Business
A business entity:
- That is independently owned and operated, is not dominant in its field of operation, is organized for profit with a place of business located in the United States, and operates primarily within the United States; and
- That does not exceed the applicable size standard for its industry as established under 13 C.F.R. §121. In general, the most common size standards are:
- 500 employees for most manufacturing and mining industries;
- 100 employees for all wholesale trade industries;
- $33.5 million in average annual receipts for most general & heavy construction industries;
- $14 million in average annual receipts for all specialty trade contractors;
- $7 million in average annual receipts for most retail and service industries; and
- $0.75 million in average annual receipts for most agricultural industries.
Absolutely! All services are confidential as required by Federal regulations through our agreement with the U.S. SBA (Small Business Administration).
Nothing. The initial consultation allows us to meet with you and understand your business needs, and then determine the best next steps, whether it’s meeting with a consultant or taking a class. All you have to do is sign up so we have the necessary information to get the process started.
Consulting services are limited to the owners, business principles or senior management.
All of our consultants have many years, even decades, of hands-on experience working in their respective specialties and are experts in their fields. All have worked at companies, both the public and private sectors, so they bring practical “real world” experience to the table. They have made a decision to donate their time as a way of helping their communities, because new and successful businesses are so essential to a community’s economic health.
After your initial consultation, our expert SBDC staff will pair you up with the consultant(s) best suited to help you with your business needs. The consultant(s) will contact you to arrange a meeting at your earliest convenience, and start the process of assisting you. Amount of time spent with a consultant will vary, depending on the issues you are facing and the complexity of your business needs. Sign up for a no-obligation consultation.
The SBDC itself does not provide grants or loans. Grants generally are designed to support non-profit organizations and state or local governments. Our research team can help you in identifying grants for which your business may be eligible, and the SBDC can assist you in preparing your application.
While the SBDC does not provide loans or financing, we work closely with the SBA which offers a wide variety of loan programs, as well as other regional and community funding sources, and if possible, can help you locate a source of funding that may be right for you. The SBDC financing professionals can also assist you in going through the process applying for funds. Sign up for a no-obligation consultation to learn what resources are available to you.
In most situations getting a business loan is challenging and usually requires extensive preparation. While the SBDC does not provide loans, we have financing professionals who understand what lenders want to see in a borrower’s proposal. SBDC consultants will also give advice on which source of funding is right for you. Sign up for a no-obligation consultation.
Owners, managers and key employees are welcome to sign up for the workshops and classes. We understand that good employees make a successful business!
Yes, in most cases a business name has to be registered, and this usually can take several weeks or longer depending on the name, and whether you want to trademark it. Requirements vary depending on where your business will be located. Learn more about licenses & permits.
The SBDC can assist you in every phase and most areas of your business. Our expert staff and local professional business consultants will work with you at no cost. The SBDC offers a comprehensive spectrum of services, including consulting and management training, as well as an exceptional variety of classes. Sign up for no-obligation consultation to learn more.
That depends somewhat on the complexity of your business concept and if you are seeking investment funding from outside sources. On average, a complete business plan can be written within 2-4 months. Sign up to learn more about how we can help you. Or take a look at some Sample Business Plans, articles on Business Planning. Check out our classes page to find out when our next Business Planning Basics Workshop is scheduled.