THE HOW, WHAT AND WHY OF 8A CERTIFICATION

8a certification promises to bridge the gap between the economically advantaged and the disadvantaged and hence it is absolutely necessary that the strictest eligibility criteria be set and that is what perhaps justifies the need for 8a certification requirements.Since 8a certification can prove to be life-changing for some businesses, SBA as a regulatory authority gets a lot of dubious applications who want to cheat their way to getting certified and availing benefits which they don’t qualify for.

The whole number of 8a certified firms’ have gone up from 6500 to 10000 in current years. Requirements have been put in place so that only the most deserving among applicants get approval and it can help bridge the divide in society.That’s why there is so much strong emphasis on the requirements for 8a eligibility and the seriousness with which they are imposed so that only the most deserving businesses get benefits and become 8a certified.

8A certification requirements have been stipulated by the nodal agency for all issues pertaining to 8a certification which happens to be the Small Business Administration or SBA.These requirements have been put in place to filter the application requests for 8a approval so that only the socially and economically disadvantaged get the benefits and it helps to level the playing field and bridge the gap of economic and income disparities.

8a certification requirements have been put in place to help the hindered areas of the general public, financially in meeting their destinations by helping them get confirmed and giving the much need push to their entrepreneurial aspirations.The most important among 8a certification requirements is that one must be a US citizen while the second most important among 8a certification requirements is that the business must be owned and controlled no less than 51% by socially and economically disadvantaged people.

Read Also: Everything You Need To Know About 8a Certification