SBA 8a, as we all know is an extremely beneficial certification program that enables economically or socially disadvantaged businesses to obtain different federal contracts and other preferences. This certification is extremely important for small businesses and helps in its growth and development in every possible way. However, obtaining an 8a Certification is a process that demands a lot of time and sincere effort. But you must remember that it is a one-time effort with an overwhelming long-lasting result.
On this regard it must be mentioned that the SBA 8a Certification is only given to businesses that are i) small businesses according to the SBA standard, ii) owned and operated by one or more socially or economically disadvantaged U.S. citizens and iii) have the potential to grow and become successful. If your business conforms to all the three basic application eligibility criteria, you can start preparing your application for the 8a Certification.
The Small Business Administration or SBA has announced some new plans for the 8a Business Development program over 2010. Following is a quick update of the kind of changes economically or socially disadvantaged small businesses can expect in the SBA 8a program this year.
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