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Frequently Asked Questions
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1.
What is the Arkansas Small Business
Development Center (ASBDC)?
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2.
What is a SIC Code? What is a NAICS Code?
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3.
What is a small business?
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4.
What is a SBA Loan and how do I get one?
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5.
Where do I get a SBA Loan Application? My
bank doesn't have any.
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6.
What assistance does the ASBDC provide to me
if I am seeking a loan?
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7.
How long will it take to get a loan?
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8.
Will the SBA deny a loan application based
on personal history?
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9.
What is SCORE and how do I contact them for
assistance?
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10.
Is assistance available to help minority,
women, veterans, and/or disabled
entrepreneurs to start a small
business?
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11.
What about non-bank lenders? Who are they
and what services do they provide?
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12.
How can I receive grant money for my small
business?
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13.
How do I become a non-profit organization?
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14.
What do I need to do to start my business?
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15.
Do I need to write a business plan? What do
I need to include in my business
plan?
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16.
Who can write my business plan?
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17.
What do I need to do to obtain a business
license?
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18.
I want to start a business from my home.
What should I do?
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19.
How do I know if my business name is being
used? How do I register my name?
20.
What is the difference between a sole
proprietorship, partnership, corporation,
and limited liability company? Should
I incorporate my business?
21.
What do I need to know about taxes?
22.
Do I need a Federal Employer Identification
Number (FEIN)? If so, how do I
obtain it?
23.
How do I pay state and local taxes such as
state withholding tax and special taxes
such as sales tax?
24.
What are patents, copyrights, and
trademarks?
25.
How do I sell my product or services to the
government?
26.
How do I sell on the Internet? How do I
create a web site?
27.
What type of insurance coverage should I
obtain for my business?
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