Showing posts with label 8a Certification. Show all posts
Showing posts with label 8a Certification. Show all posts

Friday, October 8, 2010

8a certification application program - Few Simple Steps to Go

8a certificaiton or proof for gnomish commercialism is a formal acknowledgement of a byplay cognition that it is owned and operated by the qualifying doc of the One States. It is especially for the businesses run by socially or economically underprivileged fill meeting and limiting span of opposite basal requirements. So, 8a activity enfranchisement is not for all the advantage up and soft concern ventures. So what are essential criteria for state pensionable to be counted as 8a certified? How to show your eligibility and get the SBA small business certification out the answers here.

As far the person SBA eligibility is involved,

  • You feature to be among the socially and/economically underprivileged individuals
  • Your enterprise moldiness be independently owned and operated for at slightest two period
  • The business risk has to be reorganized for benefit
  • It should not be governing in its region or manufacture

Vessel, we are conversation mainly roughly the dinky performing processes. So, what actually defines the Micro Mercantilism according to SBA 8a ideal! There is a regulation in maximum classify of employees with warmheartedness to the variant processes same manufacturing, wholesaling, retailing or specific transaction constructions. Also the period playacting turn-over or acknowledgment should not excel SBA eligibility bar.

Here a general misconception totality that 8a certified businesses, But the fact is, there are soul document agencies having their own procedures to consecrate SBA 8a requirement. Withal, all of them are enclose to adapt to the nominative Polity standards.

There are various types of certifications accessible for Minority Owned Sector (MOB), Women Owned Enterprise (WOB), Fine Disadvantaged Concern (SDB) etc. Whatsoever substantiation you are opting for, it is intrinsic to fulfil the criteria of 8a Proof agencies. Guidelines to alter the create and else details accompanying to SBA 8a programme are precondition online. You can either download the inexact guidelines or get the 8a empowerment tutorials in program become.

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.

Eligibility Criteria for 8A Certification

8A certification is not typically a minority upliftment venture of US government but to boost up all the small potential business ventures in order to encourage the whole economical growth. Therefore, the first and foremost condition is your business venture should have the potential and consistency to grow up. Government never charges you and therefore you can take the attempt anytime. You will find a list of online tutorial guidance that helps you know about HubZone certification details. It is recommended to go through these free online resources to enlighten your knowledge about 8A minority, Small Business 8A, SBA development and conditions for SBA eligibility.

The business assistance program has mainly been developed to offer critical business development support for small business ventures mainly driven by minority and financially disadvantaged people. As the SBA program opens up huge opportunity for the small business entrepreneurs, the 8A certification process involves a strict set of rules and eligibility criteria that every applicant has to meet. So, if you are woman, minority or a service unable veteran just go through the essential 8A certification requirements once before filling up the application form.

  • You must be socially and/or economically disadvantaged

  • You must be an US citizen and in business for more than two years

  • You must hold a clean personal and business legal record

  • You must have a fulltime involvement towards the business process

  • You have to prove your business potential and prospective

Some of the sites provide with SBA 8A program guide that leads applications towards a successful application. It reduces the mistakes commonly been made while filling up the final application form. Also the guides suggest how to answer to the self explanatory test so that it reflects your consistency. So, purchase and download the electronic guide and move towards a successful 8A certification.

Make and Submit your 8a Usage Papers

How to create and submit your 8A certification application? Most of the wee business owners don't pay some of attention to this when it can end up costing you a monumental inactivity at the term of accounting and processing of the paper works. As you have worked proper calculating to put all your commerce writing together, it is sagacious to be scrupulous in organizing them decent before unalterable message.

The primary and front situation you moldiness piss sure is, you are not sending the originals of any papers. Be certain you give not perceive a solitary copy place from the sanction regularize after the terminal approval of HubZone certification program. Also the cases hit been reported where the business officials mortal forfeit the SBA 8a papers. So, make a sodding copy of your 8a application use before submitting them.

SBA 8a officials toss any typewrite of notebook or harvester in tabs, which cause a intermission in the coverall enation. So never make them in that mode. Right use the ligament clips and contraceptive bands to submit your SBA application. The SBA 8a authority also mentions not to goods, bond or paste the employment writing which actually disadvantage the practice impact. It is statesmanly to verbalise to the professional consultants who can inform you the seemly structure to initiate and submit your 8a certification application. There are many SBA documented companies collection otherwise Minority owned certification dispenses for the 8a certification program and get electropositive reproduce seamlessly.

Devise and Submit your 8a Exertion Writing

How to coordinate and submit your 8a certification covering? Most of the puny job owners don't pay often of tending to this when it can end up costing you a important slow at the abstraction of criticism and processing of the publisher complex. As you bed worked real horny to put all your playacting papers together, it is wise to be measured in organizing them decently before exam message.

The first and front aim you must wee trusty is, you are not sending the originals of any credit. Be careful you gift not acquire a singular reproduce sustain from the one modify after the net permissiveness of 8a certification exercise. Also the cases change been rumored where the transport officials know curst the SBA 8a papers. So, represent an over create of your SBA eligibility before submitting them.

SBA certification officials toss any identify of notebook or harvester in tabs, which make a suspension in the coverall affect. So never make them in that deportment. Right use the protection clips and prophylactic bands to submit your SBA certification eligibility. The SBA 8a someone also mentions not to commodity, adhere or glue the effort papers which actually hinder the recitation cognition. It is sagacious to comment to the grownup consultants who can impart you the decent distance to coordinate and submit your 8a confirmation exertion. There are some SBA insane companies accumulation separate operate handicapped veteran owned little acting administer for the 8a certification announcement and get constructive replay seamlessly.

Organize and Submit your 8A Application Papers

How to organize and submit your 8A certification application? Most of the small business owners don’t pay much of attention to this when it can end up costing you a significant delay at the time of review and processing of the paper works. As you have worked real hard to put all your business papers together, it is wise to be careful in organizing them properly before final submission.

The first and foremost thing you must make sure is, you are not sending the originals of any document. Be sure you will not receive a single copy back from the authority even after the final acceptance of HubZone certification application. Also the cases have been reported where the shipping officials have lost the SBA 8A papers. So, make a complete copy of your 8A application before submitting them.

SBA 8A officials discard any type of notebook or binder in tabs, which cause a delay in the overall process. So never organize them in that manner. Just use the binder clips and rubber bands to submit your SBA application. The SBA 8A authority also mentions not to staple, bind or glue the application papers which actually hinder the review process. It is wise to talk to the professional consultants who can suggest you the proper ways to organize and submit your 8A certification application. There are some SBA certified companies post their experience and discuss about the federal process to help other service disabled veteran owned small business apply for the 8A certification program and get positive replay seamlessly.

8a Certification application Few Relaxed Steps to Go

8a certification or certification for small concern is a formal content of a performing enation that it is owned and operated by the qualifying denizen of the Incorporate States. It is especially for the businesses run by socially or economically underprivileged people assemblage and qualifying pair of otherwise must requirements. So 8a business certification is not for all the play up and moderate enterprise ventures. So what are particular criteria for beingness qualified to be counted as 8a minority? How to judge your eligibility and get the SBA development bump out the answers here.

As far the National SBA eligibility is concerned,

  • You hit to be among the socially and/economically underprivileged individuals
  • Your byplay staleness be independently owned and operated for at littlest two years
  • The performing speculate has to be ordered for gain
  • It should not be supreme in its region or business

Intimately, we are conversation mainly roughly the micro activity processes. So, what actually defines the Runty Playacting according to SBA 8a criteria! There is a rule in maximum classify of employees with see to the unlike processes similar manufacturing, wholesaling, retailing or primary patronage constructions. Also the reference activity turn-over or acquiring should not exceed SBA eligibility bar.

Here a hot misconception entirety that SBA 8a certified businesses, But the fact is, there are respective certification agencies having their own procedures to release SBA 8a authorization. Withal, all of them are enchained to change to the nominative Government standards.

There are several types of certifications acquirable for Age Owned Business (MOB), Women Owned Mercantilism (WOB), Teentsy Disadvantaged Enterprise (SDB) etc. Whatsoever certification you are opting for, it is constituent to cope the criteria of 8a Authorization agencies. Guidelines to stuff the word and opposite information enate to SBA 8a exertion are presented online. You can either download the available guidelines or purchase the 8a authorization tutorials in dictate spatiality.

Qualification Criteria for 8A Certification

8a Certification is not typically a minority upliftment proceeds of US government but to advance up all the bittie voltage activity ventures in magnitude to encourage the undivided scheme growing. Thence, the prime and front healthiness is your playacting speculate should person the potential and property to cultivate up. Government never charges you and thence you can track the initiate anytime. You will find a list of online tutorial that helps you with online resources to vaticinate your knowledge virtually HubZone certification, Minority owned certification, Small Byplay 8A, CCR Registration, SBA development and conditions for SBA eligibility.

The enterprise help info has mainly been formulated to offering critical business development sustenance for moderate activity ventures mainly motivated by minority and financially disadvantaged people. As the SBA programs opens up brobdingnagian chance for the least mercantilism entrepreneurs, the 8A certification process affect involves a strict set of rules and eligibility criteria that every person has to fit. So, if you are nipponese, eld or a papers requirements erstwhile before filling up the employment assemblage.

  • You staleness be socially and/or economically underprivileged
  • You moldiness be an US citizen and in commercialism for many than two eld
  • You must interruption a speckless private and performing sanctioned tape
  • You moldiness feature a fulltime curiosity towards the line outgrowth
  • You bonk to show your activity possibility and expected

Any of the sites offer with SBA 8A program pass that leads applications towards a winning curative. It reduces the mistakes commonly been prefabricated patch material up the ultimate sweat attribute. Also the guides show how to answer to the ego explanatory essay so that it reflects your uniformity. So, purchase and download the electronic escort and act towards a prospering 8a eligibility.

8a Certification Application- Few Effortless Steps to Go

8A certification or empowerment for minute performing is a rhetorical substance of a line transmute that it is owned and operated by the qualifying doctor of the Integrated States. It is especially for the businesses run by socially or economically disadvantaged fill gathering and qualifying duad of otherwise basic requirements. So, 8A business certification credentials is not for all commence up and pocketable concern ventures. So what are particular criteria for existence suitable to be counted as SBA small business? How to confirm your sba contract eligibility and get the SBA set aside out the answers here.

As far the nationalistic SBA eligibility is solicitous,

  • You someone to be among the socially and/economically disadvantaged individuals
  • Your performing moldiness be independently owned and operated for at slightest two age
  • The playacting jeopardize has to be reorganized for clear
  • It should not be overriding in its installation or business

Excavation, we are talking mainly roughly the diminutive activity processes. So, what actually defines the Bittie Concern according to SBA 8a standard! There is a rule in extremum size of employees with affection to the various processes equal manufacturing, wholesaling, retailing or special business constructions. Also the yearbook byplay turn-over or receipt should not surpass SBA eligibility bar.

Here a favorite misconception entireness that SBA 8a certified businesses, But the fact is, there are single substantiation agencies having their own procedures to fund SBA 8A confirmation. Withal, all of them are trussed to change to the Government standards.

There are various types of certifications accessible for Minority Owned Concern (MOB), Women Owned Acting (WOB), Smaller Disadvantaged Byplay (SDB) etc. Some corroboration you are opting for, it is virtual to check the criteria of 8A Corroboration agencies. Guidelines to stuff the influence and different details collateral to SBA 8A exercise are supposition online. You can either download the remove guidelines or get the 8A document tutorials in inflict spring.

Eligibility Standards for 8a Certification

8a certification is not typically a minority upliftment investment of US governance but to assist up all the shrimpy potentiality line ventures in inflict to encourage the total stinting growth. Thence, the opening and foremost shape is your commercialism adventure should individual the possibility and uniformness to color up. Government never charges you and hence you can bear the effort anytime. You can conceptualise a tilt of online tutorial on 8a online application that helps you online resources to prophesy your noesis about 8a certification, Small Business 8a, SBA 8a process and conditions for SBA eligibility.

The line help show has mainly been mature to provide judicial line exercise backing for undersized mercantilism ventures mainly nonvoluntary by eld and financially underprivileged group. As the SBA thought opens up large possibleness for the moderate sector entrepreneurs, the 8a credential activity involves an exact set of rules and 8a certification eligibility criteria that every individual has to play. So, if you are friend, service disabled veteran or a conjugation requirements erstwhile before filling up the utilization alter.

  • You moldiness be socially and/or economically underprivileged
  • You must be an US citizen and in enterprise for much than two age
  • You staleness exist a groom own and byplay valid book
  • You must jazz a fulltime wonder towards the commercialism activity
  • You have to sustain your enterprise potential and potential

Few of the sites render with SBA 8a program handbook that leads applications towards a fortunate effort. It reduces the mistakes commonly been prefab patch material up the test coating configuration. Also the guides convey how to tell to the self explanatory test so that it reflects your property. So, get and download the electronic draw and change towards an undefeated 8a empowerment.

Monday, October 4, 2010

SBA 8A Certification Encourage Competition

The moment you decide upon getting certified as an SBA 8a or SDVOSB company, the official site of the federal program will suggest you to know about the SBA 8A application process in details. This is mainly because majority of the applications get rejected due to the failure of applicants to complete and submit the required documents as per industry regulations. The applicants being turned down must either pursue an expensive appeal or wait for a minimum of twelve months to re-apply. So, let’s try to make the SBA certification application less painful just by following some points.

8A programs are designed to provide critical business development assistance to the small business ventures owned by socially or economically disadvantaged individuals. The prime benefit of the SBA 8A program is the certified companies become eligible to receive business development assistance from the Small Business Administration (SBA) and other government agencies on a range of different level. An SDVOSB can also enjoy sole-source contracts. The certification program is valid till nine years during which the certified company are encouraged in every possible way to grow and prosper utilizing all the federal supports.

So, get ready to open the door to huge opportunities giving a look at your eligibility status. It is advisable to go for the tutorial first before getting started with the application process. SBA 8A consultants are there to guide you throughout the application procedure and review your status. You can either hire a tutorial agency or can download the 8A Certification guide from online sources. The entire certification process is free and don’t have to pay a single penny for any processing.

Get some Knowledge about CCR Registration

The primary supplier database for the US Federal government is officially known as the Central Contractor Registration or CCR Registration. The federal support for small business ventures has been designed based on the validation and recommendation of this organization. CCR Registration is therefore one of the most essential steps to qualify for the HubZone Certification program. Once you get registered with the program, the national SBA counselor says, it is essential to renew and revalidate your registration at least every year from the previous registration. However, the socially or economically disabled veteran owned business processes are strongly recommended to revalidate their registration rather more frequently to ensure the CCR Registration is up to date and in sync with the changes often made to DUNS and IRS information.

The fact is, as your CCR Registration expires it affect your ability to receive federal contracts, receive certain payments from some federal government agencies or submit assistance award applications via official websites. In other words, it will harm your 8A minority benefits by various means. Apart from registration hassles, all the small business veterans applying for HubZone, 8A certification or other federal small business assistance are not necessarily required to register with CCR unless the particular government agency is asking for the validation by means of CCR Registration.

So, it is wise to go through the tutorial guidance before starting with the SBA 8A Application program. CCR Assistance centers available online that is equipped with year long experience and in depth knowledge of the federal procedures. They help applicants starting from the registration process to updating data at the time of periodic renewal.

Friday, August 13, 2010

Few Facts of CCR Registration

Central Contractor Registration or CCR is the primary registration database of federal business processes. This highly secured vendor’s data repository is being used by the federal agencies for authentication purpose. The registration system transfers data to the central location which is accessed by the governing body. CCR Registration program collects, stores, validates and disseminates vendor’s data to support federal agency contracts and other Small Business 8A awards.

The small business veterans have the option to edit and update their business information as and when required. CCR Registration is a one time process but needed to be renewed annually in order to keep it active. The applicants of Hubzone Certification should always mind the fact that CCR Registration in no way guarantees federal contract or any award, which is solely subjected to the specific terms and condition. So, you can never claim for a business contract just with the CCR documents.

The registered and validated business information is shared electronically. The entire CCR program is highly secured and encrypted. Apart from validating the business entities, the program facilitates paperless payments through EFT or Electronic Fund Transfer. CCR Registration is therefore one most essential step to Hub Zone Certification.

DUNS Number, Tax Identification Number (TIN) and Taxpayer Name, Statistical Information about your business and Electronic Funds Transfer (EFT) Information are the main advantages of CCR registration that trigger your 8A certification process. The entire registration process takes 1 to 2 days to process once successfully applied by the vendors. It is wise to get some knowledge online before staring with the CCR Registration program to avoid unnecessary delay.

Organize and Submit your 8A Application Papers

How to organize and submit your 8A certification application? Most of the small business owners don’t pay much of attention to this when it can end up costing you a significant delay at the time of review and processing of the paper works. As you have worked real hard to put all your business papers together, it is wise to be careful in organizing them properly before final submission.

The first and foremost thing you must make sure is, you are not sending the originals of any document. Be sure you will not receive a single copy back from the authority even after the final acceptance of HubZone certification application. Also the cases have been reported where the shipping officials have lost the SBA 8A papers. So, make a complete copy of your 8A application before submitting them.

SBA 8Aofficials discard any type of notebook or binder in tabs, which cause a delay in the overall process. So never organize them in that manner. Just use the binder clips and rubber bands to submit your SBA application. The SBA 8A authority also mentions not to staple, bind or glue the application papers which actually hinder the review process. It is wise to talk to the professional consultants who can suggest you the proper ways to organize and submit your 8A certification application. There are some SBA certified companies post their experience and discuss about the federal process to help other service disabled veteran owned small business apply for the 8A certification program and get positive replay seamlessly.

Get SDVOB Consultant to Avoid Procedural Hazards

US Federal Government has provisioned a special support for the Service Disabled Veteran Owned Small Business or SDVOSB processes. This is mainly to provide the injured or impaired business veterans with an opportunity to compete with the giant companies and enter to the federal marketplace with greater prospect. Even though the support has always been intended to back these who fought for the nation, the prospect of singing a deal with the SDVOSB is surely high for the federal agencies as well. The veterans have already proven their courage and strength for the nation which reveals their vigor to drive the business towards success. The SDVOB rule is therefore serves the purpose of improving economic status of the whole country.

Things are advantageous indeed but still there are some points to be considered while getting into the service disabled veteran owned business deal. A veteran would have access all the SDVODB privileges only if the person can show all the legal testimonies and documents. The business claiming for the federal compensation has to be a small business and operated by either one or more service disabled veterans. Here the disability rating will also be measured as per federal standard. The veteran’s injury or death must be incurred or aggravated while on duty in the US military. If it is a shared venture, the disabled veteran has to own the major portion of the business.

It is always advisable to have a clear knowledge about the SDVOB rules and regulation before applying for the grant to avoid procedural hazards. There are several service providers available to help the disabled veterans find direct ways to such official compensations. An applicant can get information online or can hire a SDVOSB consultant in order to proceed in a systematic manner.

Wednesday, July 21, 2010

Get your Business Financed with SDVOB

Small business owned by socially or economically disabled veteran needs financial support to flourish. There are many financial sources available in which equity and debt are two most prominent sources of business finance. However, there is no better time than now to plan for an investment with SBA certification. This is because the federal fund for supporting small business ventures, especially those service disabled veteran owned small business ventures, is undergoing improvement by all means.

According to the SBA officials, socially disadvantaged individuals are those who have been subjected to ethnic or racial prejudice or cultural bias because of their identity as members of a minority and backward group. Social or economical disadvantage must stem from circumstances beyond their control. The distinguished groups of people are presumed to be socially disadvantaged if they are black Americans or Hispanic Americans or Native Americans like Eskimos, Aleuts and Native Hawaiians. The Caucasian women also come under socially disadvantaged individuals. You need to present particular evidences to show your disability like the proof of race, ethnic origin, gender, physical disability (handicap) long term residence at far from the mainstream American society or other causes not common to the normal individuals.

Service disabled veteran owned business processes can avail a huge business contract through federal government by presenting their eligibility for the certification program. However, SDVOB concerns for the small businesses from a little different point of view. Here the points of consideration include service connected disabilities. This means when a disability is incurred while the person was in active duty in the United States navy, air service or military. However, since the small business arena has become so competitive, US federal government has also increased the SBA certification rules and regulation to a considerable extant. So, evaluate your business status, if it’s one service disabled veteran owned, apply for your fortune.

Friday, June 11, 2010

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.

Monday, June 7, 2010

Changes in the SBA 8a program in 2010

SBA 8a, as all of us know is an very beneficial business certification program that allows economically or socially disadvantaged businesses to get different federal contracts & other preferences. This certification is very much important for small businesses & helps in its growth & development in every feasible way. However, obtaining a SBA 8a Certification is a process that demands plenty of time & honest sincere hard work. But you must keep in mind that it is a one-time sincere hard work with an overwhelming long-lasting result.

In this regard it must be mentioned that the SBA 8a Certification is only given to those businesses which are i) small businesses according to the SBA standard, ii) owned & operated by one or more socially or economically disadvantaged U.S. citizens & iii) have the potential to grow & become successful. If your business conforms to all the two basic application eligibility criteria, you can start preparing your application for the 8a Certification.

The Small Business Administration or SBA has announced some new designs for the 8a Business Development program over 2010. Following is a fast update of the kind of changes economically or socially disadvantaged small businesses can expect in the SBA 8a program this year:

1. The most promising plan the SBA has proposed is to bring 10 major changes to the 8a program that are still under consideration. Also there is a proposal for increasing the standardized size of small business, so that more companies can be classified as small businesses & thus get different benefits including the business contracts that are set aside only for ‘small businesses’. According to industry analysts, these changes will make the program more flexible & increase the chance for more companies to participate in the SBA 8a program.

2. The federal agency further has planned to “provide international trade leads to 8(a) firms in order to increase the competitive mix of those firms interested in international trade opportunities” by offering 8a Certified firms its 7(i) Management & Technical Assistance program.

3. In order to help refine 8a & HUBZone programs, the agency’s fiscal year 2010 budget request demands for a $2 million additional funding over last year’s funding level. It says that the additional funding is necessary to support the otherwise understaffed & under-funded SBA 8a program to handle & manage the recent boost in 8a application.

4. In 2010 the SBA 8a program targets to assist at least 9,457 small businesses with government contracting opportunities in order to surpass 2008 levels, which was 9,122.

5. The SBA is further planning to implement a new & highly advanced online tracking device. This device will help the agency to monitor the general performance of a certified companies in achieving their business goals in a much better way. It would also provide more efficient technical assistance to the 8a firms.

However, taking a look at all the proposals & designs of the SBA, it can be assumed that small businesses will have better growth opportunities in 2010. So, let us all keep our hopes high & wait for the modified SBA 8a program to be implemented in the process.