FREQUENTLY ASKED QUESTIONS

We have the answer to any question you may have about our programs and services. If you don't find the answer you are looking for, please feel free to submit your question and we will be happy to respond within 3 business days.



Can I get a loan or a grant from the SBDC?

The SBDC does not give loans or grants.  It provides technical assistance.  The staff can assist business owners or prospective business owners with the paper work involved with securing a business loan.         


How can I get an SBA loan?

The U.S. Small Business Administration (SBA) programs are designed to encourage commercial lenders to make loans directly to business owners and entrepreneurs. The SBA does not make direct loans.  Our staff of highly-trained business advisors offers FREE counseling to help you with your specific business needs.


How do I finance my start-up business?

Most businesses are financed through a combination of owner's equity (owner's investment) and a commercial loan. For an entrepreneur seeking a commercial loan, it is reasonable for the lending bank to expect at least 20 percent of the needed financing from the entrepreneur.


Where can I find demographic information about the U.S. Virgin Islands?

You can access census data.

Subject: 2010 Census Demographic Profile HTML tool

2010 Census Profile

To access the HTML tool follow directions below:

The press kit for all of the 2010 Island Areas products, including the new web tool is here:
http://www.census.gov/2010census/news/press-kits/island-areas/island-areas.html

1. Scroll to US Virgin Islands

2. Click on Interactive Summary Level Access and Navigation Database

http://www2.census.gov/census_2010/06-Island_Areas_DPSF/Virgin_Islands/

3.Click on ISLAND_VI_v2.zip 

 http://www2.census.gov/census_2010/06-Island_Areas_DPSF/Virgin_Islands/ISLAND_VI_v2.zip  

 and download.  (this may take a while)

 4. After you download the files. Click on “index.html” This should open an interactive tool to navigate the Census data.