Submitted On March 30, 2010. You must be socially disadvantaged belonging to three different classes of people. 5. The owner of the firm should have a high degree of competency as demonstrated by degrees and past management experience. 2. 6. 0
5. This should be evidenced by the firm's tax returns. 0000003267 00000 n
2.
A well developed resume should accompany any 8a application
3.
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You must be socially disadvantaged belonging to three different classes of people. If the revenue for the firm was less than $250,000 than an ideal applicant will complete the following steps to augment their application. 0000007198 00000 n
The firm's revenue is ideally greater than $250,000 for the past year. xref
Basic PLUS Author 4. 0000006911 00000 n
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7.
DO NOT use tabs, plastic sleeves, dividers, binders, staples, etc; including with prepared financial statements. All SBA loans should be current.
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All tax returns should be current, and the owner and firm should not be delinquent of any tax liability. a. Following the above checklist will insure that your firm will have all of the pieces in place before your application is submitted to the SBA.
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https://EzineArticles.com/expert/Todd_Luttenegger/453015, http://ezinearticles.com/?8a-Certification-Checklist---Am-I-Ready-to-Apply-to-the-SBA?&id=4023495. 0000001126 00000 n
A minority as designated by the... 3. The business owner should be able to demonstrate active participation in the socially disadvantaged group in which he or she is a member. Ideally the firm has been in business for the past two years. 4. Be in the developmental stage of the 8 … 8(a) APPLICATION CHECKLIST. The firm must have at least three customers with none of the customers accounting for greater than 70% of the firms revenue. A minority as designated by the SBA
b. This is especially important if the firm's length in time in business is under two years. The following is a list of items that help demonstrate to the SBA that the firm is ready to begin doing work for the Federal Government and will be able to successfully complete contracts that it is awarded. You must be a US Citizen to apply to be part of the 8a program. You may “binder-clip” or “rubber band” everything. a.
7. Your firm must be CRR Registered as well as registered with Dun and Bradstreet.
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There are many components to the 8a Certification process that determine whether a firm is ready to apply. Board control in the case of a small business corporation can be exercised only by disadvantaged persons. 0000003190 00000 n
You must be a US Citizen to apply to be part of the 8a program. 8. x�b```����)|���ea�X�=[*R:u�sù�w��,��SYl���o�F�$��>/�U�X�. Todd Luttenegger | 0000009199 00000 n
You must possess all certification necessary to perform the work your firm will provide the federal government.
8a Certification Checklist - Am I Ready to Apply to the SBA? How to Help Your Sales Manager Perform Better in India?
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You must be in immediate control and in charge of your business. 9. 0000011892 00000 n
1. https://EzineArticles.com/expert/Todd_Luttenegger/453015, Business: Consulting
Have letters of reference ready. 0000005543 00000 n
You must possess good character and demonstrate the potential for success in the 8a Program.
Created Date: 20171013091042Z x (D o CD O o O O o O O o O o o o o o D o o o o o O O O D D o o o (D o o . 12 Articles, By Your firm should take on its final entity type, for example converting from a sole proprietorship to a corporation. Have a well constructed business plan for the 8a applicant firm
b. The Basics: 1. 0000002740 00000 n
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Todd Luttenegger. © 2020 EzineArticlesAll Rights Reserved Worldwide, Challenges Faced by Entrepreneurs & Its Solutions by a Business Advisor, Your Communication Personality Style - Take the Quiz, The Importance of E - Learning in Today's Corporate World, Protecting Your Home From the Risk of a Lawsuit, 5 Ways Leaders Can Strategically Manage Change. <<4F317677453E814F8F31B6EEC8639607>]>>
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You must work full-time in your business. All bonding and insurance necessary to perform government contracts in the firms primary NAICS code should be in place. 0000000836 00000 n
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The business owner should have well documented instances of discrimination which are inhibiting his or her firm from growing as quickly as it could without the presence of discrimination. In order to make screening easier and expedite the review process, please submit the 8(a) application in the order as reflected below. In order to qualify as a protégé, a business must: Already be enrolled in the 8 (a) program and be in good standing Have at least six months remaining in its 8 (a) program term Meet at least one of the following conditions: Getting SBA 8a Certified is a challenging process. The business owner will have taken classes that are designed to teach the owner how to successfully bid on government contracts. a.
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Ideally the firm has successfully performed work on governmental contracts.
6. Financial statements for the firm should be as close to current as possible for the date of the application. 30% service disabled veteran
c. White Female, although no presumption of social disadvantage is presumed
3. | 8(a) certification or for assisting the 8(a) firm in obtaining 8(a) contracts, or any other assistance to support program participation, must be reasonable in light of the service(s) performed by the agent or representative. 0000015645 00000 n
The firm should have access to adequate capital in order to perform government contracts. 0000001690 00000 n
Article Source: 0000006780 00000 n
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