Q: How do I obtain a business license?
A: Your local city and county offices issue business licenses in Montana. The SBDC does not issue general licenses, nor does any agency within the state.
For specific, professional business licenses and registrations for state regulated permits for your business, please visit the following links:
Q: Does the SBDC give out grants to small businesses?
A: No. The SBDC does not directly loan money or give grants to small businesses. Your SBDC business advisor can help you find an appropriate source of financing that best suits your needs and assist you with the necessary business planning and financial projections needed to apply for SBA-guaranteed loans and approach local banks for capital.
Q: What can the SBDC help me with?
A: The SBDC can help with free one-on-one business consulting. The SBDCs help with a large variety of business issues ranging from basic start-up questions to assisting with financing issues, preparing business plans and marketing assistance. SBDC business advisors do not provide specific legal or tax advice, but they can provide you with information to help you make an informed decision or provide referral sources if further help is needed.
Q: How much do SBDC services cost?
A: SBDC's services are free. All SBDC counseling services are confidential and provided at no cost to the business owner. Most training programs, workshops and conferences are offered at an affordable fee. Additionally, the Montana SBDC has a free online library of recorded trainings.
Q: I have a great idea for a business. What do I do first?
A: Attend an “Evaluate a Business Idea” workshop at your local SBDC office. "Evaluate a Business Idea" is designed to help you examine your business idea and determine your potential for success before you spend time and money developing a full business plan. After you decide to proceed, set up a counseling appointment with your local SBDC business advisor.
Q: How do I get an SBA Loan?
A: The U.S. Small Business Administration loan programs are designed to encourage commercial lenders, like banks, to make loans directly to business owners and entrepreneurs. The SBA does not make direct loans. Your SBDC business advisor will be able to walk you through the loan application process and help you determine what kind of loan package is right for your financing needs.
Q: Will the SBDC write my business plan or apply for grants for me?
A: No. Your SBDC business advisor will guide you through the how-to of writing your business plan and grants and/or loan paperwork. They will work one-on-one with you to develop a comprehensive plan with accompanying cash flow projections and financial statements.
