Friday, October 8, 2010

8A Certification application- Few Easy Steps to Go

8A certification or certification for small business is a formal acknowledgement of a business process that it is owned and operated by the qualifying resident of the United States. It is especially for the businesses run by socially or economically disadvantaged people meeting and qualifying couple of other essential requirements. So, 8A business certification is not for all the start up and small business ventures. So what are primary criteria for being eligible to be counted as 8a minority? How to prove your eligibility and get the SBA development aids and opportunities? How to fill up the SBA 8A application to get picked up among the crowd of applicants? Let’s find out the answers here.

As far the national SBA eligibility is concerned,

  • You have to be among the socially and/economically disadvantaged individuals
  • Your business must be independently owned and operated for at least two years
  • The business venture has to be organized for profit
  • It should not be dominant in its field or industry

Well, we are talking mainly about the small business processes. So, what actually defines the Small Business according to SBA 8A standard! There is a restriction in maximum number of employees with respect to the different processes like manufacturing, wholesaling, retailing or special trade constructions. Also the annual business turn-over or receipt should not exceed SBA eligibility bar.

Here a popular misconception works that SBA certifies businesses, But the fact is, there are individual certification agencies having their own procedures to give SBA 8A certification. However, all of them are bound to conform to the specified Government standards.

There are several types of certifications available for Minority Owned Business (MOB), Women Owned Business (WOB), Small Disadvantaged Business (SDB) etc. Whatever certification you are opting for, it is essential to meet the criteria of 8A Certification agencies. Guidelines to fill the form and other details related to SBA 8A application are given online. You can either download the free guidelines or purchase the 8A certification tutorials in order to submit an error free application form.

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