“SBA 8(a) Program Transition Phase” refers to a critical stage in 8(a) Business Development program, managed by Small Business Administration (SBA). The program is aimed at helping socially and economically disadvantaged entrepreneurs gain access to the economic mainstream of American society. The transition phase, also known as the graduation stage, focuses on preparing businesses to exit the program while maintaining competitiveness in the federal contracting marketplace.
During the transition phase, businesses receive specialized support to ensure they can survive and thrive without 8(a) program’s assistance. Support includes assistance in strengthening competitive strategies, exploring new markets, and improving financial management practices. The transition phase aims to ensure businesses can continue to grow and succeed after they graduate from 8(a) program. This phase is crucial in facilitating self-sufficiency and sustainable growth for small businesses.
