Top 5 Criteria to Get 8a Certification for Small Businesses
As an applicant to the minority program, it is important to understand the criteria for 8a certification . Reason to understand the 5 criteria is the strict checking by SBA of every application received by them for the certification. It is not easy to become a participant in federal trade. More than 75% of the applications are rejected by the SBA and the reasons are never discussed or informed. Even the smallest error like the wrong arrangement of documents, missing to fill some info on the application or even leaving a stapler with the documents are reason enough to trigger the rejection/ denial. Benefits of the Minority Program There are plenty of benefits to getting the 8a certification by small and disadvantaged companies. They are more chances of getting them awarded with the federal contracts as they are preferred by some of the federal agencies. Although anyone can apply for the contracts, the federal have set-asides for these disadvantaged...