SBA 8a Application Process

SBA 8(a) Application Process SERVICE CORPS OF RETIRED EXECUTIVES (SCORE) April 27, 2011

Michael Perch – Principal Consultant Road Map Consulting, LLC. ,[object Object],[object Object],[object Object]

Government Systems, Inc. (GSI) ,[object Object]

What is the 8(a) Business Development Program?

8(a)BD Program Objectives (Sec. 204 of Public Law 100-656) to promote the business development of small business concerns owned and controlled by socially and economically disadvantaged individuals…” “ to promote the competitive viability of such concerns…” “ to clarify and expand the program for procurement by the United States…”

Term of Participation START = date of approval ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Individuals are presumed to be socially disadvantaged if they are a U.S. Citizen and a member of one of the following groups : ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Socially disadvantaged individuals are persons who have been subjected to racial or ethnic prejudice or cultural bias because of their identities as members of groups, without regard to individual qualities.

Economically disadvantaged individuals are Economically disadvantaged individuals whose ability to compete in the free enterprise system has been impaired due to diminished capital and credit.

Net worth criterion: After excluding the individual’s equity in the firm and equity in the primary residence, net worth must be less than $250,000 . ,[object Object],[object Object],[object Object],[object Object],[object Object]

OWNERSHIP ,[object Object],[object Object],[object Object]

A Disadvantaged Individual must : ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Tests: ,[object Object],[object Object],[object Object]

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Firms must be small based on their primary NAICS Code, including affiliates . ,[object Object],[object Object],[object Object],[object Object],[object Object]

SBA may waive the two-year rule if: ,[object Object],[object Object],[object Object],[object Object],[object Object]

Forms needed to complete SBA Application ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Personal Information to be forwarded for SBA 8(a) Application ,[object Object],[object Object]

Corporate Information to be forwarded along with SBA 8(a) Application ,[object Object]

Electronic Application ,[object Object],[object Object]

Resource Listing ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

For more information, contact Road Map Consulting, LLC. ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

SBA 8a Application Process

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SBA 8a Application Process