Decoding the steps to SBA 8A certification
There are five areas to determine whether or not a firm qualifies for SBA 8a certification or meets the requirements. First and foremost the individuals running the firm and applying for certification need to establish beyond any doubt that they are socially and economically disadvantaged. The owner should have unconditional control of the firm so that the firm shouldn't have any control issues. Further, the firm should have no ethical issues and be absolutely free from ethical or other entanglements which might impair his or her judgment. The firm also has to establish its potential to complete federal contracts for SBA 8a certification and hence the applicants shouldn't try to paint themselves as too economically disadvantaged in their narratives, let the SBA consider them too weak to fulfill the federal contracts. Economically disadvantaged means that the 3 year average income should not exceed $250,000 for the fi