Know Exactly are You Eligible for SBA 8a Certification
With the progress of giant Multinational Corporation these days, it has become quite difficult for small business to exist in such a competitive time. But with the introduction of a special federal program offered by SBA the potential small business owners have found out a lucrative way to co-exist in this competitive market by gaining federal awards and schedule contracts. To get the right benefit from SBA 8a certification, you must be fully aware of its purpose and eligibility criteria.
Achieving SBA 8a certification is not an impossible task; there are few needs which should be met before applying for this. If you have decided to initiate your certification process for your small business organization, you need to accumulate a set of information that is mandatory to complete the approach. It can really be a daunting process if you are not much familiar with the requirements. Hence it is highly recommended to avail the service a professional firm to get a proper gist of the requirements and complete your application.
Failure to qualify for SBA certification can result in complete denial of neither the application nor the next time. You will not be able to re-apply for another 12 months. If an adequate time period is not given to meet the eligibility of your business concern, more than 40-45 hours will be spent in doing excessive paper word which will not be quite fruitful at the end.
Check out the list here to tick off before you apply for the same:
Failure to qualify for SBA certification can result in complete denial of neither the application nor the next time. You will not be able to re-apply for another 12 months. If an adequate time period is not given to meet the eligibility of your business concern, more than 40-45 hours will be spent in doing excessive paper word which will not be quite fruitful at the end.
Check out the list here to tick off before you apply for the same:
- The applicant of this small business has to be an American Citizen.
- The applicant should be at least 51% shareholder and naturally should hold the superior positions in your business. Most preferably the applicant would be the CEO or the president of the company.
- The applicant has to belong from the minority community to get through sba 8a certification.
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