Quick glance on 8A certification application process

For small business organizations, federal loans can be quite useful to develop the business. However, such loans are offered by the SBA only for business organizations which are owned and managed by minority, women or service disable veterans. The SBA 8A program is one of the largely available business agendas present in the market which focuses on developing the small organizations and promotes individual entrepreneurs. To avail such benefits of  SBA 8A, it is mandatory for you to successfully complete the application process. The 8A certification process as suggested by the SBA generally comprises of 3 basic parts including:

If you are an applicant, not less than 51% of the ownership of your business should be managed and controlled by a minority, women or service disable veterans. In addition to it, the owner of the majority of shares should have active involvement in the daily business operations. In this context, SBA utilizes a highly adept system that determines and finds out the individual majority shares owner of your business and makes sure that they adhere to the basic rules and regulations.

The second part is a very difficult step as it demands certain legal obligations to prove that you are economically and socially disadvantaged. According to the norms and standard set by the SBA, your business can qualify as economically and socially disadvantaged. If you are the majority share holder, make sure your net income should be more than USD 250000. This amount should exclude assets such as company ownership and personal home.

In the third step, the SBA will systematically check your business to determine whether it qualifies for small business requirements or not. If your business is on the list of banned businesses, then it will not pass the SBA 8a application process. The SBA accepts the standard for small business set by North American Industry Classification System which states that a business is small scaled if:

• It has around 500 employees form mining, manufacturing and other industrial procedures

• It has USD 7 million as an average annual receipt for a number of non-manufacturing businesses

• It has 100 employees for wholesale trade businesses

8A certification application process can turn out to be a complicated tricky task if not dealt with proficiency.  Getting your business organization 8A certified will not only add value to your company but will also help in bidding for federal contracts. Thus, 8A certification widens your prospects and offers you will a number of avenues to expand the growth of your business.

Read More

4 major 8a application problems

8a Certification Application

Accreditation for small business organizations is one of the primary steps towards business growth and development. Official recognition offers an organization the right platform to amplify its business growth and proliferate proportionately. One of the basic and universally recognized certification proposed by Small Business Association-SBA is 8A certification. SBA 8A certification provides a small organization the legal identity required to approach federal and non-federal business contracts. Among all others, the 8A certification is one of the most significant programs for the SBA. However, application for 8A certification involves few issues prevalent in almost every case. Every potential 8A certification applicant is likely to encounter four common problems triggered by the SBA, which includes:

Application submitted and returned back

It is considered to be one of the common issues being faced by almost each and every applicant of 8A application. The officials of SBA often send back an application while reviewing for completeness. When returned back, an applicant often fells disappointed and confused trying to figure out the root of the cause of the rejection. EZ8A can act as ideal savior for small organizations, trying to obtain 8A certification in a hassle-free manner.

Competent and legally capable officials of EZ8A aim to assist such organizations in obtaining SBA 8A certification by reviewing the entire application and filling in the required gaps absolutely cost-free. However, the limits of EZ8A are restricted to eligibility issues of the applicant. If an applicant (small organization) is not qualified enough to fulfill the eligibility criteria required for 8A certification, EZ8A cannot offer any aid in such regard. EZ8A can either fill up the last sent application by the applicant or can execute on a piece meal basis.

Question arising after reviewing application

Often it has been witnessed that SBA comes up with multiple questions while reviewing the application of a potential small business owner. In order to deal with such questions, EZ8A offers its necessary aid and services to all small organizations. EZ8A offers its service by analyzing the potential client with the questions asked by SBA in order to deduce whether all the questions asked should be answered precisely or withdrawing the application would be appropriate. Asking such questions to an 8A certificate applicant is quite traditional for SBA. The timeline for the entire process is 5-15 days.

Application Denied

Often due to a number of reasons, SBA often denies the application for 8A certification by a prospective client. Here EZ8A plays a significant role in approving the application and can help such clients by examining the letter of denial in order to analyze whether the formal request for 8A certification can be reconsidered or not.

Application Reconsideration Refused

In rare cases, the SBA often defines the application for reconsideration. In such cases, an OHA appeal is the only option left. An OHA court-Office of Hearings and Appeals is the only place where such denial can be questioned. EZ8A works in joint collaboration with a law firm and resolves such problems with finesse at the OHA level.

While filing for 8A certification, encountering the above mentioned problems is quite apparent. Hence, it is highly recommended to avail the services of EZ8A in order to obtain the certification in a trouble-free manner and deal with the queries of SBA conveniently.

Read More