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You should consider several factors in order to determine which SBA program to which you want to apply.
First, where is your business in its growth?
Is your business just starting?
Are you ready to expand your business?
Do you deal in sophisticated business deal making or complex contractual arrangements?
Do you have generous credit?
Do you seek large business or the federal government as a
component of your market?
If you answered "yes" to any of the questions above, then it's likely you could benefit from one or more of the certifications.
There are two major differences between the SDB, 8(a), and
HUBZone Programs. SDB and HUBZones are essentially contractor programs designed to expand economic opportunity for disadvantaged businesses.
In contrast, 8(a) is a business development program that is characterized by a tangible relationship with the SBA, one that provides business advice and coaching. This is not the case for the SDB and HUBZone Programs.
8(a) certified companies are assigned a Business Opportunity Specialist (BOS), an SBA employee, who advises and coaches them in business matters.
To learn more, please visit the SBA Web site at http://www.sba.gov/
or
http://www.sba.gov/training/certprograms.html
To print or download an application for 8(a) Business Development (SBA Form 1010), click here
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