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| 8a certification application |
If you are thinking to apply for the 8A certification program, and not worried about your eligibility, then it is quite likely that your application for the federal certification may get rejected. Qualifying for 8A SBA program is one of the hardest steps for a potential applicant.
To qualify for the Benefits 8a certification program, you need to meet few requisites. In case you fail to meet any one the mandatory requisites, your firm will not get the official federal recognition. In order to derive the benefits of the 8A SBA program, your firm needs to meet the eligibility requirements, which includes:
Disadvantaged Business
If you intend to apply for the 8A programs, it is mandatory for your firm to be monitored by a disadvantaged individual. It is imperative that a disadvantaged person occupies the highest rank or position in your firm. The disadvantaged individual must be in-charge of the firm and should be responsible for the day-to-day activities of the business.
Good Track Record
Your firm must maintain an excellent record of accomplishment, by delivering every order on time and meeting all the customer requirements. This will help the SBA to evaluate your company on a positive note and help you qualify for the government program. Few positive testimonials from your previous clients will add to your overall credentials.
Good Moral Character
This is one of the most important requirements set by the SBA. The person representing your company must have a decent moral character. Fiscal responsibility plays an important factor in moral accountability. Make sure that the representative you opt for your company is not on parole or a felon. Such people should not hold a significant position in the ownership or the management of the company. However, few other mars such as a DUI arrest for 10 years do not prohibit you from applying in the 8A certification program. Few other felony convictions such as tax scofflaws, unmet taxes, default on SBA loans, liens etc. are taken as serious crimes, committed by an applicant and hence will reject the application.
Small Business Concern
According to the standard set by the SBA, your business must be small and meet the requirements of the federal program. In case the SBA does not define your firm “small”, it is not possible for your company to get the certification.
Presence
A company applying for the 8A certification should remain active for not less than 9 years. It is imperative for your firm to remain active for nine whole years in order to qualify for the SBA program. The reason for such a requirement is that the SBA wants to determine whether your company is durable enough to bear the uncertain ups and downs in business and whether it has the potential for success.
To get the certification, your firm must meet all the eligibility factors set by the SBA. If the above points are not fulfilled, be rest assured that your application for the certification will get rejected. All the documents and paperwork must be in proper order before applying and must be in agreement with the federal and state law.
To qualify for the Benefits 8a certification program, you need to meet few requisites. In case you fail to meet any one the mandatory requisites, your firm will not get the official federal recognition. In order to derive the benefits of the 8A SBA program, your firm needs to meet the eligibility requirements, which includes:
Disadvantaged Business
If you intend to apply for the 8A programs, it is mandatory for your firm to be monitored by a disadvantaged individual. It is imperative that a disadvantaged person occupies the highest rank or position in your firm. The disadvantaged individual must be in-charge of the firm and should be responsible for the day-to-day activities of the business.
Good Track Record
Your firm must maintain an excellent record of accomplishment, by delivering every order on time and meeting all the customer requirements. This will help the SBA to evaluate your company on a positive note and help you qualify for the government program. Few positive testimonials from your previous clients will add to your overall credentials.
Good Moral Character
This is one of the most important requirements set by the SBA. The person representing your company must have a decent moral character. Fiscal responsibility plays an important factor in moral accountability. Make sure that the representative you opt for your company is not on parole or a felon. Such people should not hold a significant position in the ownership or the management of the company. However, few other mars such as a DUI arrest for 10 years do not prohibit you from applying in the 8A certification program. Few other felony convictions such as tax scofflaws, unmet taxes, default on SBA loans, liens etc. are taken as serious crimes, committed by an applicant and hence will reject the application.
Small Business Concern
According to the standard set by the SBA, your business must be small and meet the requirements of the federal program. In case the SBA does not define your firm “small”, it is not possible for your company to get the certification.
Presence
A company applying for the 8A certification should remain active for not less than 9 years. It is imperative for your firm to remain active for nine whole years in order to qualify for the SBA program. The reason for such a requirement is that the SBA wants to determine whether your company is durable enough to bear the uncertain ups and downs in business and whether it has the potential for success.
To get the certification, your firm must meet all the eligibility factors set by the SBA. If the above points are not fulfilled, be rest assured that your application for the certification will get rejected. All the documents and paperwork must be in proper order before applying and must be in agreement with the federal and state law.
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