An Overview of the SBA 8a Certification

The U.S. SBA 8a program provides all significant business development assistance to the companies, owned and operated by socially and economically disadvantaged persons, which includes women, minorities and service disabled veterans. This support is provided by the Small Business Administration and other government agencies. To get a comprehensive knowledge about small business 8a program, you can visit their official website. Once you get a general idea of the 8a program, you need to recognize whether your business is eligible for making a SBA 8a application or not.

Small Business Administration is a United State federal Government agency that works independently to shield the interests of small businesses and provide them opportunities to receive a good number of all possible sba contracts. The aim of this federal government organization is to assist all small and disadvantaged 8a minority owned business owners in receiving different government programs contracts and opportunities that ensure their potential business growth and success. SBA 8a Certification Elite is right for firms that are certain that an 8a certification process will help their firm achieve their long-term business goals and willing to make a significant investment in time and money.

The Mission

The organization was found in July, 1953 largely in a response to the economic convulsion that emerged due to the depression and World War II. Since its foundation, the acknowledged mission of the Small Business Administration has been to maintain and strengthen the nation's economy by aiding, counseling, assisting and protecting the interests of small businesses and by helping families and businesses recuperate from national disasters. Over time different initiatives have been included within the SBA 8a programs to make it more affective and advantageous. Today, the 8a program includes facilities like advice, loans and government contracts for minorities, veterans and women.

How it Works

The structure of the small business 8a program has been designed to provide support to small business owners by offering them 8a certification, loans, backing them with loans from other lenders, SBA contracts and most importantly counseling them. These counseling sessions are carried out by the Administration with help from several resource partners, which includes Small Business Development Centers, the Service Corps of Retired Executives or SCORE, the Veterans' Business Outreach Program, Women's Business Centers and several other SBA lenders. Counseling, training programs and all other required resources are provided by the Small Business Administration in conjunction with these recourse partners.

Since the U.S. SBA 8a is one of the most beneficial programs assigned for small business owners, it is necessary for every small business owners to understand the eligibility criteria for the application. The 8a business certification is basically designed to offer critical sba business development assistance to the companies owned or operated by minority individuals, who are economically and socially disadvantaged. As the program opens up huge amount of opportunities for small businesses, the 8a certification eligibility criteria are quite high and rigid. If you are a woman or a minority or a service disabled veteran owning a small business, then you must consider the following points before putting in your valuable time and energy into the SBA 8a certification process.

From the foundation Small Business Administration has been flourishing in providing approximately twenty million loans and other benefits to small business owners across the country. In its endeavor to provide complete assistance, SBA has even introduced online classes to train and guide 8a small business owners and al least has one office in every state. With successful programs and millions of subscribers, Small Business Administration has established itself as one of the most cost efficient government agencies and the single largest financial backer in the country.

If you conform to all the 8a certification requirements, you are considered as an eligible candidate for the SBA 8a Business Development program. So, if you meet all the sba requirements and wish to continue with the process, your next step would be to complete the SBA form, submit all relevant documents and wait for the SBA to assess your eligibility for the SBA 8a certification.