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 companies from their purchases.  It sums up to a big amount which goes to millions of purchases. This is a huge opportunity for companies which are not getting the fair deal in the commercial market.

Again, the SBA arrange for seminars, workshops, and other programs which gives them chance to learn the nuances of government trade.

The Purpose of the Minority Program

The companies owned by minorities, veterans, and physically disabled people suffer from racial prejudice and unfair treatment in the commercial US market. They slowly suffocate and succumb to the pressure and disappear. They eventually are not able to contribute to the economy of the country.

The 8a certification is to provide government aid to these companies and give them a fair chance to perform in the secure and stable government market.