8(a) Business Development Program
Program Objective
To foster business ownership by individuals who are both socially and economically disadvantaged; and to promote the competitive viability of such firms by providing business development and mentoring assistance including, but not limited to, management and technical assistance, access to capital and other forms of financial assistance, business training and counseling, and access to sole source and limited competition Federal contract opportunities, to help the firms to achieve competitive viability.
Eligibility
Eligible Applicants
- Small Business Person
Firms applying for 8(a) program participation must meet certain requirements which include, but are not limited to: (a) Status as a small business; (b) at least 51 percent unconditional ownership, control and management of the business by an American citizen(s) determined by SBA to be socially and economically disadvantaged, or by an economically disadvantaged Indian Tribe, Alaska Native Corporation, Native Hawaiian Organization or Community Development Corporations; and (c) demonstrated potential for success; and (d) possess good character.
Beneficiaries
- Small Business Person
Socially and economically disadvantaged individuals and small businesses owned and operated by such individuals; Indian Tribe, Alaska Native Corporation, Native Hawaiian Organization and Community Development Corporations.
How to Apply
Application Procedure
Electronic applications are made to SBA offices through SBA's webpage at www.sba.gov. Detailed instructions, and if necessary, assistance in completing application is available at SBA District offices and on SBA's home page at http://www.sba.gov
Award Procedure
Applicant is notified of program participation approval or decline by a letter from the SBA headquarters office. Broad range of business development assistance, including procurement, and access to capital and other forms of financial assistance and business training and counseling is provided to approved program participants.
Approximately 90 days from the date the application is deemed complete.
Program details & compliance
Description
To foster business ownership by individuals who are both socially and economically disadvantaged; and to promote the competitive viability of such firms by providing business development and mentoring assistance including, but not limited to, management and technical assistance, access to capital and other forms of financial assistance, business training and counseling, and access to sole source and limited competition Federal contract opportunities, to help the firms to achieve competitive viability.
Mission Categories
Primary: Small Business
Other categories:
Minority Business Enterprise
Use of Funds
Allowed Uses
This program utilizes authority provided to SBA under Section 7(j) and 8(a) of the Small Business Act to enter into procurement contracts with other Federal agencies and to subcontract the performance of these contracts to eligible program participants, to provide access to capital and other forms of financial assistance, and to provide business training and counseling.
Required Documentation
Documentation to establish that all program eligibility criteria are met. This program is excluded from coverage under 2 CFR 200, Subpart E - Cost Principles. Preapplication Coordination: