Small Business Development Center

Expert advice for the emerging small business.

FAQs

These are common questions asked by people interested in working with the SBDC. If you don’t see an answer to your question, feel free to contact us.

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Does the SBDC charge for services?

Does the SBDC provide financing?

How do I know how much money I will need?

How do I get a loan?

Are there other sources of capital?

What documents will I need to apply for a loan?

Is my credit score important when applying for a loan?

Are there government grants for my business?

Can the Small Business Administration (SBA) lend me money?

Can I get a Small Business Administration (SBA) guaranteed loan to refinance current debt?

Funded in part through a Cooperative Agreement with the U.S. Small Business Administration, Minnesota Department of Employment and Economic Development and regional support partners. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the program sponsors. Programs are open to the public on a nondiscriminatory basis. Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance. Contact the Small Business Development Center at (651) 962-4500 to make arrangements.