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8a Certification: How to determine if your AGI is below the $250,000 threshold.
The $250,000 Threshold for Adjusted Gross Income (AGI) Among the many 8(a) business development program eligibility requirements, the applicant for 8(a) Certification must have an average AGI over the...
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Top 10 8(a) Program Continued Eligibility Problems
1) Late or non-submission of 8(a) Annual Review documents. The most common eligibility problem 8(a) firms encounter is either the late or non-submission of required Annual Review documents. SBA is...
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A list of supporting documentation that must be submitted with your 8a...
Here is a typical list of supporting documents that will need to be included within your 8(a) application: Evidence of concerns registration in CCR (Central Contractor Registration) and DSBS (Dynamic...
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8a Certification – The Economic Disadvantage Narrative Explained
When you apply for SBA 8(a) Certification, the individual who is claiming disadvantaged status must be able to provide a narrative statement of economic disadvantage as just one of the many items to be...
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The Unknown 70% Client Threshold for 8a Certification
Economic dependence based upon the amount of revenue earned by a single client an be a show stopper for many business concerns that want to apply for 8(a) Certification. This specific eligbility...
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Tips to select the right consultant to prepare your 8a, HUBZone, WOSB or...
1. Pick up the phone. Call them and speak to the actual person who will be preparing your application. You should be able to call them and speak directly to the individual(s) who will be responsible...
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DIY 8(a) Certification Usually Means Certain Denial by the SBA
As the President of Cloveer, Inc. I speak to many clients who are interested in becoming 8(a) Certified. I would say that 7 out of every 10 people I talk to do not and cannot qualify for the 8(a)...
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8a Program Eligibility – The $250,000 Adjusted Net Worth Requirement
Among the many 8a business development program eligibility requirements, the applicant for 8a Certification must have a personal adjusted net worth of less than $250,000 at the time of 8a Application...
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How does the SBA waive the two years in business requirement required for...
The SBA may waive the requirement if you meet each of the following conditions: Condition 1: The individual or individuals upon whom eligibility is based have substantial business management...
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8a Certification Advantages
8a certification is a valuable marketing vehicle for socially and economically disadvantaged small businesses to access the federal government marketplace. Initially, contracting under the 8a Program...
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How to get 8(a) Certified if your firm has been in business for less than two...
The SBA may waive the 2 year requirement if you meet each of the following conditions: Condition 1: The individual or individuals upon whom eligibility is based have substantial business management...
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7 out of every 10 businesses 8(a) Applications are denied by the SBA
Don’t get denied. Make sure you fully qualify for the 8(a) Program before first! Unfortunately, many businesses try to prepare their own 8(a) application, without some sort of outside assistance, when...
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The 10 Fundementals of Success for 8(a) Companies and their Presidents
1. Keep the End in Mind, First! 2. Develop a System for “Out-Managing” Your Competition 3. Know Yourself, Your Company and Your Team, Intimately 4. Be a Mentor, as Well as a Protégé 5. Understand...
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8(a) CERTIFICATION…IT’S ALL ABOUT GAINING A COMPETITIVE ADVANTAGE
8(a) certification…It’s all about gaining a significant competitive edge in doing business, especially with the Federal government. What is a competitive advantage? Simply stated, it’s what...
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Top Five States with SBA 8(a) Certified Firms
Update: As of May 2014, the number has dropped to 7,277. See below for April Data. This is a drop of 23 8(a) certified participants since April. There are 7,300 active SBA 8(a) Certified firms as of...
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Do you qualify for the SBA 8(a) Program?
There are many eligibility criteria that a small business must meet to qualify for the SBA 8(a) Program. We have developed a free online 8(a) eligibility questionnaire that anyone can use to see if...
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10 Resume Tips for SBA 8(a) Applicants
Every individual claiming disadvantage status, as well as each officer, director, partner, member, key employee or holder of 10% or more ownership interest in the firm applying for the 8(a) Program...
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List of Items needed to complete the SBA Form 413 (Personal Financial Statement)
The following is a detailed list of items needed to complete the SBA Form 413 (Personal Financial Statement. Please note, this list may or may not cover every personal asset or liability you may have...
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Do you meet the 70% Economic Dependency Rule?
Economic Dependence is a significant obstacle to the eligibility of many applicants desiring to gain 8(a) Certification for their firms. In fact, it is currently the issue for which we have to turn the...
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8(a) Program. Ownership vs. Control
Control is not the same as ownership. For example a disadvantaged individual may own 51% of the business that is applying for 8(a) Certification but they may be found to not unconditionally control the...
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