Who qualifies for 8a status?

Who qualifies for 8a status?

To qualify for the 8(a) Program, a firm must be a small business that is unconditionally owned and controlled by one or more socially- and economically-disadvantaged individuals who are of good character and citizens of the United States and that demonstrates a potential for success.

How long does 8a last?

nine-year
The 8a program has a nine-year life span which is divided into two phases: an initial four-year developmental stage and a final five-year transition stage.

How does the 8a program work?

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.

What is the 8 a sole source threshold?

Generally speaking, contracting officers can award a contract to an 8(a) business on a sole source basis if the estimated cost is $4 million or less ($7 million for manufacturing). The DoD class deviation has no effect on these limits, which are found in SBA’s rules at 13 C.F.R. § 124.506.

What is SBA 8a certified?

SBA (8a) is an ownership/diversity certification sponsored by the Small Business Association (SBA) of the United States government. The 8(a) program is a nine-year business development program that provides business training, counseling, marketing and technical assistance to small businesses that have been certified.

How do you get an 8a contract?

5 Ways to Find 8a Contract Opportunities

1. Visit the Federal Business Opportunities web site.
2. View each Federal agency’s long range acquisition forecast (LRAE).
3. Contact each Federal agency’s OSDBU (Office of Small Disadvantaged Business Utilization) office.
4. Visit the Federal Procurement Data System web site.

How long does SBA 8a take?

about 90-120 days
How long does it take to become SBA 8a certified? Normally, 8a SBA certification process takes about 90-120 days on average. However, if the application had any inconsistencies or errors, certification may take much longer.

What is SBA 8a?

Can you sole source to an 8a?

If you are a small business, or 8a certified company, you can receive a sole source contract so long as the regulations allow for it. FAR regulations allow the contracting officer to utilize the statutes in order to serve the government’s interest.

How long do you have to be in business to apply for 8a?

A firm must show it has been conducting business within its primary industry for at least 2 full years.

What can I do with the SBA 8 ( a ) program?

Disadvantaged businesses in the 8 (a) program can: Get a Business Opportunity Specialist to help navigate federal contracting Form joint ventures with established businesses through the SBA’s Mentor-Protégé Program

What is the 8 ( a ) program in the Small Business Act?

The 8(a) program was established by Section 8(a) of the Small Business Act. It is primarily governed by 13 CFR 124 Subpart A and FAR Parts 19.8 – 19.812. Specific references to tribally owned businesses are also noted in the slide.

What can I do with my 8A certification?

Like the 8 (a) program, HUBZone approval by the Small Business Administration provides access to specific contracts reserved exclusively for small businesses in the United States of America. Ez8a can also help with CCR registration. Accuracy and expertise are paramount on your first 8 (a) and/or HUBZone form submission.

Can a minority business get an 8A certification?

Ez8a helps minority and women-owned businesses meet their objectives by assisting them in obtaining an 8 (a) Certification that is accredited by the SBA. Our experts will guide you through the 8 (a) application process, making sure you acquire this coveted government accreditation in as little time as possible.