What is a business license? How do I get one? Do I need one to apply for a business loan?

I'm applying for an SBA loan for startup capital for a small business in NC. I'm reviewing the paperwork, do I need to get a "business license" and/or a fictitious name statement?

business license is a legal document that grants you the right to operate a business in your city. depending on your business, there are other licenses that may also be required.
http://www.entrepreneur.com/encyclopedia...

a business license makes sure you are properly zoned or regulated to do business in a certain area.

a doing business as(dba) or fictitious name the operating name of a company, as opposed to the legal name of the company. some states require dba or fictitious business name filings to be made for the protection of consumers conducting business with the entity.
http://www.entrepreneur.com/encyclopedia...

for the most part you dont usually have to get a fictitious name for your business if your business is your name but if you go by anything other than your name you need one

i never applied for a loan so i dont know if you need them or not but that is what they are. i have an online store so i do not need a business license and its under my name so i dont need a dba. to best know what business license you need you need to get a lawyer...you probably need a lawyer in general anyway if you plan on running a business

good luck

business license is needed when you start a business and is renewed yearly. you can get it in the city hall,municipal hall in the licensing division, where you are going to have your business.

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