The Real Benefits of Gaining SBA 8(a) Certification
1) Having exclusive access to sole source/non-competitive and competitive set-aside federal contracts. Sole source/non-competitive contracts will be available to your business concern for federal contracts with a total value up to $4 million for services and up to $5.5 million for manufacturing. Federal contracts for 8(a) Certified firms that have a total contract value of more than $4 million for services and more than $5.5 million for manufacturing must be competed but only
Should You Use a Consultant to Complete Your 8(a) Application?
You may have heard that the SBA rejects 70% and questions 90% of all 8(a) Applications. There are all types of companies that will tell you that you as a small business owner that you do not have the skill set to complete the application successfully. The main reason they tell you this is because they want you to pay them thousands of dollars to complete the application for you. The truth is you will still have to do the majority of the work gathering all the documents and te
Misconceptions about Getting 8(a) Certified
Contrary to some popular beliefs becoming 8(a) Certified is not an easy process. It will be one of the most difficult business application processes your company will ever endure. Below are some misconceptions and the reality. 1. It’s easy to get SBA 8(a) Certified. As of April 2015 there are less than 7,000 active 8(a) program participants. There has never been more than 10,000 active 8(a) Program Participants at any one time in the 8(a) program’s history. The SBA returns ov