Details you need to know about 8a certification

The SBA has the 8a certification plan for small disadvantaged businesses to do business with the world’s largest consumer- The Federal. The companies apply for the certification and meet the eligibility criteria established by the SBA. This not only proves that the business is socially and economically disadvantaged but also is capable of doing trade with the Federal.
The 8a certification goal is to promote the 8a firms into a competitive business environment. However, there are few requirements after the certification is awarded and they are to  Strike a perfect balance between the Federal/ government and commercial businesses, the sole- source contracts that are received by an individual participant should not be more than 5 times of its primary NAICS code, and  for vigilance on the 8a companies and firms, the SBA district office monitors and determines the advancement of the participants.
For monitoring, the district offices check the progress of the companies and firms who have been awarded the 8a certification by

  • Annual reviews
  • Systematic evaluations and
  • Business planning

However, in addition getting on 8a certification allow companies specialized business training, marketing aids, counseling and high-level executive development program by the resource partners and SBA. The SBA provides loans, bonding assistance and access to surplus properties and supplies of the government.
In all, it the SBA guides and aids the companies for growth and extension programs.

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