List of 8(a) Documents By: Robin James
We take calls all the time from people that are either looking to complete the application themselves or would like to begin putting the application together while they wait for a specific event to occur so that they can apply for 8(a). To aid people who have these objectives we have put together this list of required documents and proving that to you as part of today’s newsletter. I would also suggest after reviewing this list of documents that you also go over our explanation as to how the SBA utilizes these documents. If doing it alone, we highly recommend you utilize our 8(a) Review Services as you will see from reviewing this page there are many working parts to the 8(a) application and once your package is submitted there is no taking it back. Additionally, the SBA retains a copy of any 8(a) application denial letter, and this could hinder future application attempts.
How the SBA Uses These Documents
The SBA uses and reviews every document required and submitted in an 8(a) application. The SBA reports that there is only a 25% success rate in 8(a) applications and for this reason, it is important that you understand how and why the SBA uses each of the documents contained in the 8(a) application.?
Primary and Secondary Purpose:?Document in the 8(a) application in many cases have both a primary and secondary purpose in the application. In other words, the SBA will use the same document to ensure multiple criteria are met. The secondary purpose of the document is the potential pitfall.
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Listed below are some of the documents the SBA requires as part of an 8(a) application as well as the area the SBA is using the document to assess as part of the application process.
As you can see from this list of documents there are many potential secondary use documents or pitfalls. For this reason, we recommend if you are planning to build your own 8(a) application that you have us review your application for compliance before you submit your application.
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