SBA Cuts 8(a) Reapplication Period to 90 Days

The SBA has cut the waiting period for reapplying to the 8(a) Program from 12 months to only 90 days.

In a final rule effective November 16, the SBA explains that the shorter period should reduce the need for sometimes-costly appeals of denied 8(a) Program applications.

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SBA Dials Back on 8(a) Program “Immediate Family” Restrictions

If you’ve been interested in applying to the SBA’s 8(a) Business Development Program, but have a close family member who has already participated in the 8(a) Program, SBA’s message–until now–has been, for the most part, “thanks, but no thanks.”

But in a new rule taking effect on November 16, 2020, SBA has dialed back on the restrictions applicable to people who want to participate in the 8(a) Program, but who have immediate family members who have previously received 8(a) benefits.

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YouTube Tuesday: CMMC Requirements and the STARS III Contract

Good news for 8(a) participants: there’s still time to submit proposals for the 8(a) STARS III GWAC! Now, you have until August 26 to submit your bid. But STARS III contains some important language about the Cybersecurity Maturity Model Certification. In this video, I walk you through what you need to know to make sure all CMMC requirements are met:

If you have questions about CMMC requirements in the STARS III Contract, check out our previous video on CMMC, or call us here!

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YouTube Tuesday: SBA’s 8(a) Program- Economic Disadvantage

The SBA’s 8(a) program provides a number of opportunities for small businesses owned by socially and economically disadvantaged individuals. In this video, I discuss the economic disadvantage eligibility requirement, highlighting the regulatory changes imposed last Wednesday:

Want to know more about how to apply for the 8(a) program? Check out our 8(a) Handbook here or reach out to us here.

Newsflash: 8(a) Income and Net Worth Eligibility Standards Increased

As of July 15, the initial caps on net worth, adjusted gross income, and fair market value of assets for the 8(a) program have gone up. The dollar amounts for initial 8(a) economic disadvantage eligibility have increased quite a bit, making more people economically eligible. Read on for the details on this change.

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YouTube Tuesday: Writing Your 8(a) Application’s Social Disadvantage Narrative- What the SBA is Looking For

One of the trickiest requirements for admission into the SBA’s 8(a) program is demonstrating social disadvantage. While some groups are presumed socially disadvantaged (as discussed here), social disadvantage can also be demonstrated based on other characteristics not specifically included in the SBA’s regulations. For those characteristics, applicants must submit a “social disadvantage narrative.”

In this video, I provide you the tricks of the trade you’ll need to write a successful narrative:

For assistance drafting your social disadvantage narrative, reach out to us here!

Regulatory Update: SBA Moves to Clean Up Small Disadvantaged Business Rules

Last month, the SBA moved to edit its regulations, taking a red pen to its current rules governing Small Disadvantaged Businesses (or SDBs), as described in the Federal Register.

This post will highlight what the new rule will mean for current SDBs—and how businesses can become eligible for SDB subcontractor status under the new rule. While the SDB program is still alive and kicking, the rules will be simplified to eliminate a lot of language that is simply no longer applicable.

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