SBA has apparently (at least to some extent) followed through on its promise to “return” pending individual-owned 8(a) applications for further applicant revisions to demonstrate social disadvantage. Indeed, we now know at least some (if not all) individual-owned 8(a) applicants got such notification and direction from SBA today. And along with it, they all apparently got a 45-day deadline! Fortunately, along with this action, SBA also provided Volume II FAQs about its social disadvantage updates–which appear to answer at least some of our remaining questions.
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8(a) Program Impacts of SBA’s Final Rule on Social Disadvantage
Our readers already know that SBA finally updated its 8(a) Program social disadvantage regulation to reflect SBA’s current policies and application review standards and procedures. And that new rule takes effect today! We previously blogged on this regulatory update here. We also blogged on the corresponding guidance issued by SBA here. In this article, we will take a more in-depth look at the new final rule, its potential implications, and some of the remaining questions it leaves unanswered.
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