Who Says Yes to a West Virginia Plan

The list of readers is short in West Virginia. Each one wants proof of local customers.

SBA Lending

SBA West Virginia District Office

The Clarksburg office covers the whole state, with a branch office in Charleston.

State Programs

Capital Access Program

Run by the West Virginia Economic Development Authority (WVEDA) and the West Virginia Jobs Investment Trust with money from the State Small Business Credit Initiative (SSBCI), a federal program the state runs through lenders. Banks make the loans, so the plan still has to pass underwriting.

City Programs

Charleston Area Alliance and WVU LaunchLab

The Alliance supports Charleston small businesses, including a grant program for women- and minority-owned firms. In Morgantown, the WVU LaunchLab helps founders test ideas.

Free Help

WV SBDC

A program of the West Virginia Department of Economic Development, with coaches around the state and a Huntington center in the Brad D. Smith Business Incubator at Marshall.

Registration

Secretary of State

Businesses register with the West Virginia Secretary of State through the WV One Stop Business Center.

Local License

Contractor License and Local Permits

The Division of Labor licenses contractors for most jobs. Check with your city or county for local permits before you open.

Prove Your West Virginia Market, Your Way

Small markets leave no room for guesswork. Whatever kind of help you choose, the work begins by counting the West Virginia customers you can actually reach.

Business Consulting

For the owner who is busy doing the work and short on time for cash, pricing and hiring decisions. Consulting gives those calls a plan.

See consulting options →

Business Plan Templates

The construction company template already carries a contractor license in its startup costs, and the coffee shop template fits a downtown Charleston storefront.

Browse templates →

Small Business Education

Check the math on your own first. Dr. Paul’s break-even lesson, his videos and the Fabled Forest books cost nothing to read.

Start learning →

Proving West Virginia Demand, Customer by Customer

In a small market, a lender cannot assume the customers are there. Your plan needs to show them, by name and by number.

  • Headcounts instead of averages. In the Kanawha Valley, Morgantown and the Eastern Panhandle, the forecast counts real employers and households within driving distance, not a national figure.
  • Capital Access Program requests. The West Virginia Capital Access Program runs through WVEDA and the Jobs Investment Trust and works through lenders. A lender uses the local proof in your plan to enroll the loan in the program.
  • Contractor licenses in the budget. Most construction jobs need a West Virginia contractor license from the Division of Labor, so the license and the weeks it takes go into the startup budget and the launch schedule.
  • SBA routing for both ends of the state. SBA work runs through the Clarksburg district office or its Charleston branch, depending on where you open.
  • Break-even math, checked early. Owners who want to test the numbers first can meet WV SBDC coaches around the state and work through Dr. Paul’s break-even lesson.
Dr. Paul’s Insight

West Virginia plans fail most often when they borrow a national number. A coffee shop average from a big metro tells a Charleston lender nothing about Capitol Street. Dr. Paul counts the workers, students and households near your door, because in a small market the lender knows those numbers too.

What Charleston, Morgantown and Huntington Plans Have to Prove

Each of these cities leans on a different set of customers. A good West Virginia plan names them and counts them.

CityWhat Drives DemandThe Plan Question
CharlestonState workers, CAMC staff, FestivALL crowds on Capitol StreetCan festival weeks carry a coffee shop?
MorgantownWVU students, WVU Medicine, National Energy Technology Laboratory (NETL) researchersIs the idea ready for a plan yet?
HuntingtonMarshall students, Cabell Huntington and St. Mary’s staff, Pullman Square shoppersEnough local buyers for an SBA loan?
CharlestonEvent

FestivALL fills Capitol Street and Haddad Riverfront Park each spring, and FestivFALL brings a shorter run in early fall.

“Can a Charleston coffee shop count on FestivALL crowds?”

The Plan FixBuild the weekday count on CAMC and state office workers walking Capitol Street. Sign a roaster contract that can flex up for FestivALL and FestivFALL, and ask the Charleston Area Alliance about its grant program for women- and minority-owned businesses.

MorgantownIndustry

The WVU LaunchLab helps students and community members test startup ideas, from High Street to Evansdale.

“Should a Morgantown founder test the idea at the WVU LaunchLab before writing a plan?”

The Plan FixRun customer interviews through the LaunchLab, size demand from WVU Medicine and NETL staff, and keep summer costs lean when Sunnyside empties out.

HuntingtonIndustry

Marshall University, Cabell Huntington and St. Mary’s anchor the payrolls near Pullman Square and Heritage Station.

“How does a Huntington owner show enough local demand for an SBA loan?”

The Plan FixCount Marshall students and Cabell Huntington and St. Mary’s staff within a short drive, test foot traffic at the Hot Dog Festival on Pullman Square, and lead the SBA loan request with those headcounts.

Many owners here also serve nearby markets. Dr. Paul covers neighboring Virginia, Pennsylvania, and Ohio as well.

A Book on the Founder Mistakes Small Markets Punish

Top 5 Common Mistakes Entrepreneurs MakeDr. Paul’s Fabled ForestTop 5 Common Mistakes Entrepreneurs Make book cover, Dr. Paul's Fabled Forest

Dr. Paul’s Fabled Forest

Top 5 Common Mistakes Entrepreneurs Make

Borrowing someone else’s numbers is a classic founder mistake, and small markets like Morgantown and the Kanawha Valley punish it fast. The book walks through five common founder mistakes, each through a Fabled Forest owner, and shows the habit that prevents it.

Count the neighbors within an easy walk of your shop, and learn their names. Averages borrowed from distant forests have never paid a bill.

Doctor Owl, Dr. Paul’s Fabled Forest Business School
Get the Book on Amazon →

Two Videos for the Sections a West Virginia Lender Reads First

The executive summary opens the plan, and the marketing plan proves who will buy. Dr. Paul covers both.

How to Write an Executive SummaryWrite the opening page so a lender meets your local customers right away.

What’s in a Marketing PlanA real example of a marketing plan built with Dr. Paul’s Organize-Plan-Grow strategy.

West Virginia Plan Questions

Does the West Virginia Capital Access Program need a full business plan from the borrower?
Yes, in most cases. The Capital Access Program works through participating lenders, and the lender underwrites the loan. Most lenders want a written plan with a local market section and monthly projections before they enroll a loan in the program. The program gives the lender extra cover. The plan gives the lender proof that local customers will keep the payments coming. Dr. Paul writes for that lender.
Can a Charleston or Huntington contractor put the West Virginia contractor license in the construction template?
Yes. The construction company template carries licensing in its startup costs, so you can enter the West Virginia contractor license from the Division of Labor next to insurance and bonding. Add the time it takes to get licensed to your launch schedule, and keep the first billable month after the license date. The same template works for a contractor in Charleston, Huntington or anywhere else in the state.
Can WV SBDC coaches help owners outside Charleston and Huntington?
Yes. WV SBDC coaches work across the state, not only in the two biggest cities. The network is a program of the West Virginia Department of Economic Development, so check the WV SBDC website for the coach who covers your county. Pair the free coaching with Dr. Paul’s break-even lesson, and you will arrive at the first meeting with your own numbers already in hand.

Dr. Paul Borosky, DBA, MBA

Business Plan Writer, Consultant & Author | 14+ Years | 1,000+ Clients Served

DBA, National UniversityMBA, Focus in Finance, Webster University

Dr. Paul Borosky, DBA, MBA is the founder of Quality Business Plan. He writes business plans and financial projections for owners across the United States and Canada, works remotely with clients in every state, and has written plans behind more than $100M in funded projects. He is the author of the Dr. Paul’s Fabled Forest Business School series and has published over 1,000 business videos on YouTube. He has taught as an adjunct college instructor and teaches in Florida public schools.

14+Years Experience
1,000+Clients Served
$100M+Projects Funded
1,000+YouTube Videos

This page is for general educational purposes only. It is not legal, lending, or financial advice. Program rules, loan sizes and local requirements change, so confirm them with the program or agency before you apply. The Fabled Forest and its characters are fictional.