Who can apply and what are the basic requirements for 8(a) and SDB?
Any for profit small business or Community Development Corporation (CDC) in the United States may apply for the 8(a) BD and SDB programs. For both programs, the business must be at least 51% unconditionally owned by U.S. citizens who are found to be socially and economically disadvantaged and the business must be managed and controlled by disadvantaged individuals. For the 8(a) BD program, the business must also demonstrate potential for success and the business itself and its principals and owners must demonstrate good character.
Any small business in the United States may apply for the 8(a) BD and SDB programs. First, you must read the regulations that govern these programs so that you understand their requirements. The regulations are available at: http://www.access.gpo.gov/nara/cfr/waisidx_06/13cfr124_06.html. For both programs, the business must be at least 51% owned by U.S. citizens who are found to be socially and economically disadvantaged and the business must be managed and controlled by disadvantaged individuals. For the 8(a) BD program, the business must also demonstrate potential for success and the business itself and its principals and owners must demonstrate good character.
