| 8(a) and Small Disadvantaged Business (SDB) programs |
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You might also be interested to read the following eBooks: A Home-Based Cooking Business! Step-by-step business instructions and recipes included. Make money doing what you love! Follow-Up Marketing Guide. Learn how to double sales for your small business. Guaranteed! Business Plan Secrets Revealed! Find Investors for Your Business: Insider Truths About Raising Money Through Business Plans. The 8(a) Program offers a broad scope Firms achieving 8(a) certification automatically qualify for SDB certification. .Program participation is divided into two stages: the developmental stage and the transitional stage. The developmental stage if four years and the transitional stage is five years. Participants are reviewed annually for compliance with eligibility requirements. 8(a) General Requirements for Certification: · Must be at least 51% owned and controlled by a socially and economically disadvantaged individual or individuals · African Americans, Hispanic Americans, Asian Pacific Americans, Subcontinent Asian Americans, and Native Americans are presumed to qualify · Other individuals can be admitted into the program if they show through a preponderance of the evidence that they are disadvantaged because of race, ethnicity, gender, physical handicap or residence in an environment isolated from the mainstream of American society · Individuals must have a net worth of less than $250,000, excluding the equity of the business and primary residence · Must meet applicable size standards for small businesses in their industry · 2 full years of business operations |



