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Showing posts with the label 8 a certification advantages

Guide to 8a Program for the Lazy Souls

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With all and every information available at fingertips who are the lazy souls referred to? Well, we are talking to those who have been on tenterhooks about the 8a program . The SBA’s certification program for the disadvantaged business owners has been helping them to earn their share of the US market by doing business with the Federal. However, a few business owners are still not sure whether they qualify for the 8a program or not. Some fear that their application might be rejected by the SBA will result in loss of time and effort. So, the confidence to go and contest for the eligibility for the certification is very negligible. To them, we suggest that they need to explore and check whether they and their business qualify for the 8a program. If they find a frail light of possibility then they should immediately do research for the SBA program. Hire a consulting firm which will help by Mentoring Help in financial assistance by designing the plan Training Surety bonding Ma...

The 8a Program Benefits the Small Businesses

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The SBA 8a program has many benefits and gains. The disadvantaged businesses or firms who are unable to perform to their potential because of their disadvantages are benefited from the program. The benefits are listed below Sole source contracts- the 8a participants do not need to go through a competitive process of sole source contracts. There is a ceiling of up to $4 million for goods and services and up to $7 million for manufacturing. set aside opportunities- the 8a program has reserved acquisitions for all small businesses or categories that make the businesses or firms eligible for the 8a certification. Teaming opportunities- the 8a certified companies are eligible for Mentor Protégé from the large firms or companies to pursue more complex contract opportunities. Joint Ventures are also allowed to gain huge contracts which are not feasible for small disadvantaged firms. The 8a program makes teaming opportunities possible for them. The 8a companies not only get o...

8a Certification from the Consultants’ Point-Of-View

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60 % of small businesses miss the mark the prerequisites for how to get 8a certification. Upon reevaluation, only 40% truly convince the SBA to yield their 8a status. These bits of knowledge throw light on the troublesome and ensnared process it is to get 8a certification and why having a consultant on board can help you with in expediting the process. A lot of consulting firms have come up on the scene which empowers qualified applications to get 8a certification which happen to be the socially and economically disadvantaged of the American culture. Consulting firms help these economically and socially disadvantaged people in getting certification as the business satisfies the basic criteria of being owned and controlled by no less than 51% of "socially and economically disadvantaged" subjects. Government regulations is a dubious area and getting 8a certification from federal authorities can take some really long time and last minute requirements, which you may n...

All You Need To Know About 8a Certification

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8a certification states that the business must be owned and controlled at least 51% by “socially and economically disadvantaged” citizens, can get help a business get approved by the Small Business Administration, a business after that can remain for a maximum of nine years, as long as certain criteria are met once accepted certified entity under 8 (a)  of the Small Business Administration Program. Black Americans, Hispanic Americans, Native Americans, Asian Pacific Americans are the various ethnic groups which are classified as minorities in the USA.  8a certification has a certain timeline to it, which you should be aware of so that you plan well accordingly and don’t miss out on any of the deadlines. The time required to prepare and assemble the 8a application varies from client to client, but mostly it has been seen that it takes between a month and a half with the SBA being able to approve the certification within 4 months, depending on the applicant meeting all ...

How A Consultant Can Help Your Business Get Sba 8A Certification?

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The dedication, personal involvement, passion, pragmatism and professionalism of some top 8a consulting collectively has resulted in many satisfied customers over the years, who got the much need push to their entrepreneurial ambitions by getting their SBA 8a certification application approved. With years of experience which has now become an expert, the top 8a consulting firms will make the entire process simple, easy and navigate you through all the usual roadblocks, hurdles and red flags that might come upon the path of you getting certified. SBA 8a certification application approvals help the clients as they get federal preferences in contract award which further helps them obtain the correct federal contracting vehicles. SBA 8a certification requirements have been put in place to help the hindered areas of the general public, financially and generally in meeting their destinations by helping them get confirmed and giving the much need push to their entrepreneurial aspirat...

What is 8a Certification?

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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:  8a certified companies can receive soul-sourced contracts, up to $4 million for goods and services and $6.5 million for manufacturing.  Small businesses in America which have met the 8a ...