Questions to ask when hiring a company for the 8(a) Certification program?

When you do finally decide that applying for the 8(a) certification is something your company can benefit from, there are some important questions to ask the company you plan on hiring. Below are a few things to consider and questions to ask.
1. What is the process your firm uses to help us become certified?
2. What accolades or accomplishments have they achieved?
3. What is the value you offer above other agencies?
4. What references can you call for verification?
5. Make sure they understand the program themselves by doing your own research on the 8(a) process.
6. Are they within a close proximity from you? (It’s important to hire someone close to you, so you can meet in person if need be).

Being approved for the SBA 8(a) Business Development Program may be the most significant achievement of any firm. It allows the company to be part of an elite group of businesses that are eligible to apply for set-aside contracts that only 8a firms can bid on. To show you how powerful it is, let’s take account SBA’s Los Angeles District Office, whose territories include Los Angeles, Ventura and Santa Barbara Counties. That is over 20 million people within those three counties. Currently, there are a mere 188 approved 8(a) firms within this region. When taking in to account that over $16 Billion are set aside for 8(a) firms across the country, that is a staggering number.

What is the SBA 8(a) Annual Review?

If you are new to the 8(a) program, you have probably heard that there is an annual review which the SBA requires each 8(a) certified firm to submit. The annual review is due within 30 days of the close of each program year.

This may seem daunting for some, who if recently got in to the program, to go through another treacherous process. The annual review is required for the SBA to determine the firm is still within the parameters of the program. This means, that the firm and its owners are within the required financial restrictions. In order for it to be easier on the owners and the firm, it is recommended to prepare the documents before hand.

Beginning in early 2018, the annual review will be completed online, via the www.certify.sba website. This eliminates the tedious printing and e-mailing of documents to the proper authorities. The SBA has created this system to streamline the process and make it easier for both the client and the review team.