WHY 8a Certification Requirements Aren’t All That Is Required For Your Business To Be 8a Certified?
8a certification requirements state that a business needs to be owned at least 51% owned by American citizens of the ethnic and gender minorities, which fulfill the criteria of being socially and economically disadvantaged as certified by SBA. 8a certification program has proven successful for helping socially and economically disadvantaged entrepreneurs gain access to the economic mainstream of American society. SBA 8a is a business assistance program divided into two phases over nine years for is accredited by SBA (Small Business Administration) which assists in the development of small businesses owned and operated by individuals who are socially and economically disadvantaged, such as women, minorities and service-disabled veterans and have faced cultural bias or prejudice for the same. Your business doesn’t just need to satisfy 8a certification requirements for your application to be approved by the SBA, which is the nodal agency for approving all 8a certification a...