8(A) ANNUAL REVIEW

Price: $995

(Includes up to two contracts, $200 per additional contract.)

Call for a Free Consultation 703-688-3546

Product Description

Once your firm becomes 8a Certified it is required to submit an 8a renewal each year within 30 days of its anniversary date. This renewal is designed to determine if the firm has met its business objectives and to see if the firm and its owners are continuing to follow the guidelines created by the SBA. It is very important that the firm take the annual review that the SBA performs seriously. If the SBA discovers that any of its continuing eligibility criteria have been violated or that the firm has primarily met the business objectives of its 1010c business plan the SBA can early graduate the firm. The most common eligibility issue is that the owner is no longer deemed to be economically disadvantaged or has exceeded the income limitations, or that the firm didn't meet it 8a client mix requirements.

8acertification.net will keep your business from making any one of the many mistakes that can get your firm early graduated. It is easy for an 8a firm to become overly confident in the review process especially if they have done it on their own in the past. The review process with the SBA becomes more stringent year-after-year. In many cases, we see that a compliance package that the SBA would allow in a prior year may result in early graduation in the following year. Our approach calls for a conservative and methodical approach to the annual review in order to protect the 8a Certified firm’s status for the full 9 years of eligibility.

Areas we analyze as part of the 8a annual compliance package:
 

  • Has the business “substantially achieved” the targets set forth in the business plan form 1010c?
  • Is the owner by SBA definition deemed to be no longer economically disadvantaged?
  • Has an owner made excessive withdrawals from the business?
  • Did the owner receive an average compensation in excess of $350,000 by the SBA calculations?
  • Does the business's revenue, net worth, or working capital no longer justify small business classification?
  • Is the business no longer disadvantaged compared to other businesses in the same SIC code?
  • Financial ratio analysis
  • Ability to operate without 8a contracts.
  • Percentage of non-8a business obtained
  • Overall firm profitability benchmarks met or exceeded.
  • Is the firm in compliance with the 8a sole source contract limitations?

 

Our Easy 8a Service Process

  • 1. Free Consultation to determine eligibility, review potential obstacles.
  • 2. Retainer Letter and Non-Disclosure Agreement to protect our client's privacy.
  • 3. Consultation with application checklist preparer. Interviews with Social, Economic and Two-Year Waiver narrative writers.
  • 4. Final review of the application.
  • 5. Answer SBA Business Opportunity Specialist's inquiries.
  • 6. SBA Certification Letter.
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