Eligibility Criteria for SBA 8(a) Certification refers to a set of standards that a business must meet to qualify for Small Business Administration’s 8(a) Business Development Program. This U.S. government program is designed to help socially and economically disadvantaged entrepreneurs gain access to economic opportunities, most notably federal contracting opportunities. 8(a) Certification is essential for business owners who wish to leverage these opportunities for their growth and development.
The criteria for eligibility encompass various areas of business and owner qualifications. The business must be majority-owned (51% or more) by individuals who can prove they are socially and economically disadvantaged. Furthermore, the owners must be U.S. citizens and demonstrate good character. The business should be a small business as set by SBA’s size standards and show potential for success. Finally, the owners must have direct, day-to-day management and control of the business operations. Each of these criteria serves to ensure that the program benefits those for whom it was designed.
