Description
The SBA does not have a specific amount of time that a business has to have been in business. It is possible to get certified even if you have not been in business for two years. You need to be able to show that you have “Potential for Success.” Since you have not been in business for two years you will need to be able to show:
- that your company has sufficient capital for its business plan
- that your company has completed contracts in its field of business
- that your owner whom the application is based on has sufficient experience in the industry
- that the company has the technical knowledge to perform if admitted into the 8(a) program
- that your owner has the ability to get and retain the staff, equipment and anything else needed for the company to operate.
If you are a funded, properly managed, and experienced business person you should be able to get a two-year waiver. Please call with any questions on this service.
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