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How do I qualify for an 8(a) certification?

To qualify for the SBA 8(a) Business Development Program, the SBA examines three distinct qualifiers. All three of these qualifiers must meet specific SBA requirements. Any omission or error will delay your application, get it kicked back to you, or get you and your business disqualified.

These three qualifiers are contained in separate sections of the application:

Your Business Profile: location, contact information, type of business, industry classification, when your business was established, form of business, size of your business, source of revenue, as well as your ethnicity as the owner of the business to be certified.

How your business is managed and administered: The names of the managers and administrators, how much each owns, how much time each spends on the business, and whether each is socially or economically disadvantaged. In addition, there are 20 other areas the SBA examines to understand the history and status of your business and the quality of its management and administration.

Other supporting documentation: full disclosure of anyone owning 10% or more, current and past federal contracts, financial statements and tax returns, various certifications, all stock certificates, stock ledgers, voting agreements, articles of organization or incorporation, meeting minutes, and formal authority to apply for certification under the SBA 8(a) Business Development Program. In addition, banking and loan documents, licenses, leases, business and ownership history and agreements, insurance, and agreements concerning management, indemnity, consulting, and application assistance are required.

To schedule your free, no-obligation, private consultation about how we can help your business qualify for the SBA 8(a) certification program and its requirements,
phone 571-222-4170 or click here to email.