The Overview of Benefits of 8a Certification You Should Know

The quick information on 8a certification helps the applicant to go through the requirement details in a jiffy. It is helpful as it allows summarizing the requirements and checking the list in a go. Let’s read the requirements for the 8(A) program
  • The owner of the business must have the ownership rights of at least or more than 51% of the business.
  • The owner or individual must be an American citizen.
  • The business should be a small business and must be controlled by disadvantaged individuals due to social and economic disadvantages. This is an important criterion for 8a certification by the SBA.
  • The business should display the capability for success and have a good character.
  • A few exceptions to 8a program for American Indians, Native Alaskans, and Hawaiian are present.
The application for 8A program needs to be checked by the applicant carefully as SBA can reject it at the smallest pretext.  There are consultants who help in the process as they are qualified and experienced in the application navigation process.
However, hiring them is not mandatory and the entrepreneur can prepare the application on his own. But, as SBA rejects/denies more than 70% of the application, the help of the consultants are very crucial for the application process.

Benefits of the 8a certification

The minority program provides a chance to small disadvantaged companies to do trade with the federal. The federal is the biggest buyer of goods and services and therefore these companies get an opportunity to earn from these orders.
The mentor protégé program also helps the small entrepreneurs to collaborate with other companies and bid for huge federal orders.
The SBA also conducts workshops and classes for these companies to gain federal contracts and plan marketing strategies.
Also, having the 8a certification also allows the company to create a niche in the commercial market. It is so because the company is considered to be eligible for federal contracts as the government orders in volume and want bulk discounts.
Therefore the SBA 8a program is considered an aid from the federal itself to the small and disadvantaged companies.

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