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Frequently Asked Questions

What kind of businesses can apply?

Any small business that was licensed after July 1, 2019 can apply.

What are the requirements to qualify for a Dream Fund grant?

  1. You must complete the 10 week training program,and complete a one-on-one counseling appointment with a West Center advisor. 
  2. You started your business after July 1, 2019 and it is still operational.
  3. You must have a business license issued after July 1, 2019 plus one of the following:
    • Made a first sale
    • Spent money on business expenses, for example, legal or accountant fees
    • Obtained money to open the business
    • Hired at least one employee who gets a W2
    • Have a business bank account
  4. Your business must have at least one person working there and no more than five employees (including you)
  5. You agree to report on the progress of your business to the center you are working with for one year

Do I need a Social Security Number to apply?

You need either a Social Security Number (SSN) or an Individual Taxpayer Identification Number (ITIN) to apply for the program.

How much money could I receive?

Grants are for $5,000 or $10,000.

Where do I apply for a grant?

You may apply for a grant by  completing a business training program and meeting all of the requirements. 

What is the Dream Fund Grant?

The California Dream Fund is a one-time $35 million grant program to encourage and fund entrepreneurship and small business creation in the State of California.

How do I register a business name?

Generally, any business that operates under a name other than the owner’s personal name must file a Fictitious Business Name, also called a DBA (Doing Business As), with the County Recorder and publish that statement according to local statutes. Some business structures are also required to register with the Secretary of State. In addition to affecting the name registration, the choice of business structure has several other ramifications. West Business Development Center can help you understand business structure, be better prepared to choose a structure, seek legal counsel if necessary, and properly register your business. Go to Resources

 

Does West Business Development Center serve women AND men?

Yes! West Business Development Center serves as the Mendocino Women’s Business Center as well as the Mendo-Lake Small Business Development Center. Our services are available to anyone in Mendocino and Lake Counties interested in starting OR currently operating a small business.

How do I get financing to start or expand a business?

West Business Development Center helps connect entrepreneurs and would-be entrepreneurs with potential funding sources once a business plan and financials have been developed and written. Our business advisors can help you understand, develop and create your business plan. In addition, we can help you determine the financial feasibility of your idea before any risk is taken or money is spent. To get started, book an orientation call. We will contact you and help you find the path to success!

Where can I get a grant to start my business?

Though limited specialty business grants surface from time to time, the Small Business Administration website states, “While the SBA does offer some grant programs, these are generally designed to expand and enhance organizations that provide small business management, technical, or financial assistance. These grants generally support non-profit organizations, intermediary lending institutions, and state and local governments.”

Unfortunately, a lot of scams exist in the marketplace that prey on those who believe “free money” is available just for the asking or if they just submit the right plan to the right people. Do not fall prey to these scams! Most will ask for money up front and then disappear after payment has been made. Contact West Business Development Center, as we can help you prepare to seek proper and legitimate financing to start your business.