What Type of Firm and Owner is a Good Fit for the 8(a) Program
What Type of Firm and Owner is a Good Fit for the 8(a) Program… A Very Important Question Indeed! First the business must be an active business: A strong 8(a) candidate will have 2 years in business with over $100,000 in revenue in each of the two years with a profit in one or both of those two years. The firm should be currently profitable. A medium candidate is a firm that has been in business for less than two years then the 8(a) applicant must have a very strong resume, h
Business Practices to Avoid if You Want 8(a) Certification
There are articles galore online containing tips, best practices, and advice on how to submit a stellar SBA 8(a) application; however, few of these articles ever address the business practices you should avoid to ensure your business is compliant with the 8(a) program rules and regulations. In the spirit of making life easier for you, the prospective 8(a) applicant, below are a few things to consider as you work on building your company and prepping your 8(a) application: 1.
Information on the SBA 8(a) Application Background Checks
When your company applies to the SBA 8(a) program the Small Business Administration performs various checks on both your company and on you and your business partners as the owners to determine if the owner(s) and your company are suitable candidates to be admitted into the 8(a) portfolio of certified companies. Most 8(a) applicants will pass these background checks without any problems. The SBA’s goal is to thoroughly investigate all 8(a) applicants to ensure only the bes