Six Things That Will Increase Your Chances Of Getting SBA 8(A) Certification

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When I started thinking about ways to make my children's lives better, I realized that I had to create something they could count on financially for the long haul. I started thinking about creating a business, and I felt really great about it. I started working with other people to think of a concept that would work for the local community, and it was powerful to develop an idea regarding a business that met other people's needs. Although I am still not a business owner, I decided to make this blog to help other people develop their own ideas about starting a company and a business that works for their lifestyle and financial needs.

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Six Things That Will Increase Your Chances Of Getting SBA 8(A) Certification

19 July 2019
 Categories: Business, Blog

Acquiring 8(a) certification can be a huge advantage for any company. Certification makes it possible for companies to be awarded with prime contracts and be eligible for highly beneficial joint venture relationships. However, the process for acquiring certification can sometimes feel long and complex.

The following are six things that you can do to increase your chances of acquiring SBA 8(a) certification:

Develop a relationship with those at the SBA office in your area

You're probably going to need to do a lot of communicating with your SBA office if you're applying for 8(a) certification. It's therefore going to be helpful for you to build a relationship with those working at the office.

This way, you'll be recognized when you call or come in for help. Representatives at the office will be better able to assist you because they will already know the basics regarding your situation. 

Complete your registration with the System for Award Management

Registering with the System for Award Management (SAM) will make things easier when you are working with the SBA to acquire 8(a) certification. Going online and registering will give you a good opportunity to access the 8(a) application online at www.sba.gov/8abd. 

Research all of the requirements

There are numerous requirements for getting 8(a) certification. One of the number-one things to be aware of is that you'll have to prove that the owner or one of the owners of the company in question is socially disadvantaged.

Proving social disadvantage involves showing how an individual's social situation has created obstacles and challenges to entering and flourishing in the business world. 

Organize all of your company's financial documents

Numerous financial documents will need to be submitted along with the application. These include balance sheets, tax returns, and profit and loss statements. There are numerous other financial documents needing to be included in the application, but these are the most important. 

Work with a consultant

One of the best things you can do to make the process of applying easier is work with a consultant who is already familiar with the process—such as ARA Consulting, LLC. A consultant can review your application and instruct you on what you are missing or what you can do to improve your chances. 

Follow up after you get a response on your application

Your application might at first be rejected. However, this doesn't mean that you absolutely won't be able to be certified. You can resubmit your application after being rejected to see if you can be accepted after making some changes.