Did you miss Q&A with SBA today?

WV District Office - May 26, 2022

u s small business administration

Did you miss Q&A with SBA?

Here is a quick recap of some of the questions asked: 

  • What exactly is a grant and how do they work?
    Grants can come from many sources including all levels of government and foundations.​ However, our experience has been that there are very few grants available directly to businesses for  startup or expansion. 
  • I have an oil change business in an area with a lot of public/government vehicles.  I’d like to get some of this local business, but I’m told I must accept credit cards.  True or false?
    True, the government pays for services with:​
    • EFT Electronic Funds Transfer
    • Credit Card (micro purchases)
  • I would like to start a business, but don’t know where to begin. How can SBA help me?
    SBA has excellent online resources. Check the Business Guide tab on the sba.gov website. There's also a Learning Platform.​ SBA Resource Partners provide no-fee, high quality business counseling. Many resource partners can meet virtually. Find your Resource Partners under the Local Assistance tab at sba.gov. 
  • I have a business in my current state and would like to expand in a different state. What is the best way to start that process? 
    Make sure you register your new business with the right agencies. 
    • Licenses and permits
    • Foreign qualifications
    • New state and localities taxes
  • How do I certify my business with the SBA? 
    SBA is the gatekeeper to small business certifications when it comes to doing work for and with the federal government.   
    • WOSB Woman Owned Small Business
    • 8(a) Program 8(a) Business Development Program
    • HUBZone Historically Underutilized Business Zone
    • Vets First Verification Service-Disabled Veteran Owned Business (moving to SBA 2023)
  • My bank turned me down for a business loan.  What are some alternate sources of funding? 
    The federal government supports several non-bank business funding sources like Community Development Financial Institutions and Microloan entities.  
  • How can a home-based business use my Google Business Profile page? I have a family and don’t want to share my personal address.  
    If you don't serve customers at your business address, leave the business location blank.  However, you should identify your service area AND follow all recommendations to strengthen your listing. Click here for information from our Resource Partners at SCORE. 
  • Does SBA do anything else I may not know about?  That is, other than access to capital, government contracting and counseling services?​Yes, SBA works to support small businesses through many different avenues such as ​
    • National Small Business Week ​​
    • Small Business success stories
    • Small Business research
    • Visit www.sba.gov for more information. 

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