Tuesday, January 21, 2014

SBA's 8(a) Business Development Program

The U.S. Small Business Administration's 8(a) Business Development Program is designed to help small, disadvantaged businesses compete in the federal marketplace. The 8(a) Program offers executive level business training that helps to keep your small business competitive.

Benefits of the 8(a) Program: 
  • Sole-source contracts -- up to $4 million for goods and services and $6.5 million for manufacturing
  • Specialized business training, marketing assistance, counseling, and high-level executive development
  • 8(a) businesses can participate in the the Mentor-Protégé Program which helps new 8(a) companies learn the ropes from other experienced businesses.
  • Assistance eligibility to obtain access to surplus government property and supplies and SBA-guaranteed loans and bonding
Program Requirements:
  • Your business must be qualified as small
  • Your business must be majority-owned and controlled by socially and economically disadvantaged individual(s)
  • Your business must demonstrate potential for success
  • Learn about other requirements here.
Application Information: 

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Funded in part through a cooperative agreement with the U.S. Small Business Administration.