8a certification application,8a certification,8a certification benefits



You must have heard about people talking about 8a certification and the benefits it holds. But, what is 8a certification?

Definition:

As written on sba.gov, “The 8(a) Business Development Program is a business assistance program for small disadvantaged businesses. The 8(a) Program offers a broad scope of assistance to firms that are owned and controlled at least 51% by socially and economically disadvantaged individuals.”

Benefits of 8a certification for small businesses in America:

The 8a certification program is tremendously beneficial for socially and economically backward entrepreneurs and small business owners to gain access to the advantages of the vast economic infrastructure in the USA.

Following are the benefits SBA 8a application and certification:

1. 8a certified companies can receive soul-sourced contracts, up to $4 million for goods and services and $6.5 million for manufacturing.

2. Small businesses in America which have met the 8a certification eligibility and can now boast of an 8a status can compete for contracts which are set aside exclusively for 8a certified organizations.

3. Companies which have passed all the rules of 8a application and are now 8a certified can also form JVs (joint ventures) or be teaming agreements to take on large multi-million dollar contracts in the USA.

4. 8a contracts take much less time to be awarded than most other procurement methods.

Requirements of 8a Certification as specified by SBA:

to be approved into the 8(a) BD program and become certified, your small business must be owned and controlled at least 51% by socially and economically disadvantaged individuals who are American citizens.

You should also be able to demonstrate a potential for business success and possess good character.

8a Certification Cost:

The US Government has made it free for applicants to file for small business administration 8a authorization. However, there may be one or two costs involved and you might have to pay them when required. Technically, 8a certification cost is null.

Do you need 8a certification consultants?

The answer is “depends”. If you think you can go through the extreme hassle of applying to the SBA 8a program to have the 8a certified status, then you don’t need consultants.

So, if you are interested to get your business 8a certified, a great place to start is to visit our website and use our pre-qualification tool. Or you can give us a call at 859 442 1050 and within 10 minutes we can give you a good determination on whether you or your firm is in a good position to get 8a certified.