8a Certification Timeline
If the aabd approves the application the date of the approval letter is the date of program certification for purposes of determining the concerns program term.
8a certification timeline. However for those business people who understand the 8a program are established in the market and aggressive in pursuing business the benefits are unique. The joint venture itself need not be certified as a qualified hubzone small business. Manage your 8a program certification and your eligibility documentation for the women owned small business and all small mentor protege programs online from our easy to use dashboard. 124204 how does sba process applications for 8a bd program admission.
On august 24 2016 the us. Small business administration sbas 8a business development bd program updated title 13 of the code of federal regulations cfr part 124. The 8a program offers a broad scope of assistance to firms that are owned and controlled at least 51 by socially and economically disadvantaged individuals. In my professional opinion as the presidentceo of cloveer inc who has assisted in over 2000 successful 8a applications it can be very difficult without some kind of professional assistance.
Most frequently asked questions about the 8a program. As a small business owner who wants to apply sba 8a certification expertise will most likely be out of your skill set. The federal governments goal is to award at least five percent of all federal contracting dollars to small disadvantaged businesses each year. Small business administration sba is modernizing the certification management experience.
The 8a certification process is complicated and applicants have many questions that determine their viability as a candidate. The time and effort involved in getting 8a certified is substantial and many of the 8a companies never realize a measurable benefit in going through the certification. The 8a program is an essential instrument for helping socially and economically disadvantaged entrepreneurs gain access to the. 8a business development program interim business process guidance to submitting an 8a application purpose.
The 8a business development program is a business assistance program for small disadvantaged businesses.