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What is 8a status?
BREAKING DOWN 8(a) Firm. The 8(a) status is specially granted to any small business by the SBA, making it eligible for financial assistance, training, mentoring and any other form of assistance. In order to qualify for this special status, businesses must be owned and operated by individuals who are considered socially or economically disadvantaged.
What is 8 a business?
An 8 (a) firm is a small business that is owned and operated by socially or economically disadvantaged individuals. The status is designated by the Small Business Administration (SBA), the United States agency charged with supporting the growth and development of small businesses.
What is SBA 8a program?
SBA 8(a) Definition. SBA (8a) is an ownership/diversity certification sponsored by the Small Business Association (SBA) of the United States government. The 8(a) program is a nine-year business development program that provides business training, counseling, marketing and technical assistance to small businesses that have been certified.
What is the 8(a) business development program?
The 8(a) Business Development Program is a business assistance program for small disadvantaged businesses. The 8(a) Program offers a broad scope of assistance to firms that are owned and controlled at least 51% by socially and economically disadvantaged individuals.
Last Update: Oct 2021
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Annissia
18.10.2021 04:20
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