If you are thinking to apply any trick or manipulation to get over with the 8A certification process and avail the federal privilege without fulfilling the requirements, be sure that you will not get away with the SBA.
The rules and regulation set by the SBA are stringent in nature. Usage of strict rules is due to the federal privilege offered by such certification hence it should be made sure that only the suitable candidate can avail it. However, in few cases, some small business owners often attempt to trick the SBA with some manipulations and get their SBA 8A application rejected.
If you are an 8A applicant do not attempt for such fraudulent activities. Attempt for an honest and legitimate approach since the SBA will detect any kind of hoax attempt and reject your application immediately. It is due to the reason that the SBA has been managing the 8a certification program since 1960. With more than 50 years of expertise, the federal program is well acquainted with all kinds of cons, tricks and manipulations you can possibly think of.
Below mentioned are some of the common counterfeit tricks often attempted by applicants, as registered by the SBA.
Hiring a minority
If you hire a minority and placing him/her as the president of your organization in order to propose that the chief executive or official of the organization is socially disadvantaged, it is quite likely that your SBA 8A application will be rejected.
Donating unreasonable amount of money
If suddenly provide a lot of property or cash to any specific family member, in order to qualify under the economic disadvantage limit, the SBNA will detect your approach and deny your application.
Owning an offshore office
If you own any office outside the country but do not claim for its revenue or employees, thinking that SBA will overlook it, you are wrong. It keeps a track of all such things and then executes accordingly.
Side job
If you have any other job or have partnership in any company, the SBA can discover it easily and reject your application immediately.
Refusing SBA’s paperwork
If you do not supply the required documents and papers asked by the SBA thinking it will go unnoticed, you are wrong. The SBA will keep on asking them and eventually reject your application process.
Getting contracts from family members
If you attempt to acquire contracts from family and friends trying to display that you have enough experience, you are probably wrong. SBA can detect such tricks easily and will not accept your application.
Hiding any criminal record
If you think you can hide your arrest record and SBA will not find it, you are wrong. SBA scrutinizes the background of each of the candidates before accepting any application.
If you want to your SBA 8A application to get accepted the first time, it is highly recommended that you avoid any kind of fraud or discrepancy. Open source and honest attempt is highly encouraged to avoid any complication and complete the application process smoothly.
