Success Story: Learn how the SBDC helped AlphaMicron get the capital they needed

The Small Business Development Centers of Ohio program is partially funded by the Ohio Department of Development and the U.S. Small Business Administration. The support given through such funding does not constitute an expressed or implied endorsement of any of the co-sponsor(s)' or participant(s)' opinions, products, or services. Special arrangements for disabled individuals will be made if requested in advance. The program is offered through a partnership between the Ohio Department of Development and the U.S. Small Business Administration and is provided on a nondiscriminatory basis.

Since 1985, the SBDC program has fostered a strong climate for small business growth with many local community partners, including colleges and universities, economic development agencies, chambers of commerce, and other community organizations. Our statewide network offers a wide range of services, including:

• Business assessment valuation
• Cash flow analysis
• Financial projections development
• Free one-on-one business counseling
• Identifying sources of capital
• Inventory control assessment
• Market feasibility and research
• Marketing strategy development
• Strategic business planning
• Workshops and training programs

For more information and to register for trainings in your area, click here.

Frequently Asked Questions

Where can I get business license information?

Ohio does not require all businesses to have a generic business license. Our business information kit will explain the licenses and permits required for the specific business you want to start.

Are grants available for starting a business? Where do I get grant information?

As a general rule, grant dollars are not available to help start a small business at the state or federal level. The federal website for grant programs is www.grants.gov, or ask your local library for a copy of The Grants Guide.

How can I get a U.S. Small Business Administration (SBA) loan?

SBA loans are administered exclusively through programs that are designed to encourage commercial lenders to make loans directly to business owners and entrepreneurs. Contact your local Ohio Small Business Development Center (SBDC) for assistance with SBA loan programs.

How important is my credit score when I am seeking a commercial loan?

A borrower's credit score is critical to the approval of a commercial loan.

Do I need experience in the business I am considering?

No experience is required to start a business, but your chances of success are going to be much greater if you engage in a business opportunity that you understand, as opposed to a business opportunity that you do not understand.

Who are the most important advisors for my business?

You will benefit the most from an accountant, an attorney, an insurance agent, and a banker. You should also include the business advisor from your local Small Business Development Center (SBDC).

What is the one item I should focus on to increase my odds of success?

A business plan should be your guide along the journey to success. If you don't have one, your local Small Business Development Center (SBDC) will assist you in creating one.

Toll-Free Numbers

• Ohio Secretary of State: (877) 767-3453
• IRS EIN Information and Registration: (866) 816-2065
• Ohio Department of Taxation: (888) 405-4089
• Ohio Bureau of Workers' Compensation: (800) 644-6292
• Ohio Department of Job and Family Services – Employment: (877) 644-6562

The Small Business Development Centers of Ohio program is partially funded by the Ohio Department of Development and the U.S. Small Business Administration. The support given through such funding does not constitute an expressed or implied endorsement of any of the co-sponsor(s)' or participant(s)' opinions, products, or services. Special arrangements for disabled individuals will be made if requested in advance. The program is offered through a partnership between the Ohio Department of Development and the U.S. Small Business Administration and is provided on a nondiscriminatory basis.