8(a) Length of Time in Business Waiver
If your company has not been in business for two years, or its business income tax returns do not show operating revenue in its primary NAICS code for the two years leading up to an 8(a) Application, then you must submit a waiver in order to provide proof that your company meets the SBA’s potential for success criteria.
Luckily, our two year waiver guide helps you successfully address all five required areas:
- The 8(a) applicant(s) must possess substantial business managerial experience.
- The business concern must have demonstrated that it has the technical expertise it will need to carry out its business plan with substantial likelihood for success.
- The business concern must have adequate capital to sustain its operations and carry out its business plan.
- The business concern must have a record of successful performance on contracts in its primary NAICS code.
- The business concern must have (or can quickly obtain) the personnel, facilities, equipment, and other resources it needs to perform any 8(a) contracts it might be awarded.
Give us a call at any time to discuss this waiver or any aspect of the process at any time.