Why you should this about 8a certification

Still looking for answer to understand the details about 8a certification? We have answers to few common questions which will help you understand the program. The program intends to promote small and disadvantaged businesses in the Federal marketplace. There is something more you need to know, so to understand the 8 A program, let’s begin with

Eligibility criteria

The small business should be controlled and managed at least 51% by American citizens who are socially and economically disadvantaged people applying for the 8a certification. The ownership of the firms and companies plays a major role in the eligibility criteria. Apart from social and economical criteria ethical issue is also a major eligibility criterion. The owner should be free from felonies and misdemeanor in the past. The SBA looks into the past records and considers these three eligibility criteria very seriously.

Benefits of the certification

To understand the minority program, the benefits cannot be overlooked form the program. The benefits for small companies are mentioned below

• The companies can avail specialized counseling, marketing assistance, business training and top category executive development.
• Access to surplus government supplies and property by companies with the 8a certification.
• Involving in the program means SBA-guaranteed loans and aid in bonding.
• Eligible for sole source contracts where the ceiling is fixed for $4 million for services and goods and $6.5 for production or manufacturing.
• Encouragement for competitive acquisitions.

For companies who are beginners in the application process require to know more about the SBA certification program. However, at a glance to understand the 8a program, the above information is sufficient.