Harvest Business Advisors works with Small Business Administration (SBA) lenders for many of our transactions. Our entire team keeps up-to-date on all SBA programs and announcements to better serve our business brokerage clients and our business valuation clients.
We’d like to share this recent announcement from the SBA about their Women-Owned Small Business (WOSB) Federal Contracting program.
The federal government has set a goal is to award at least five percent of all federal contracting dollars to women-owned small businesses each year.
Joining the women’s contracting program means you are eligible to compete for federal contracts set aside for the program. (You can still compete for contract awards under other socio-economic programs for which your business may qualify.)
The SBA has made some changes to Women’s contracting program eligibility requirements and certification process that take affect this summer.
The eligibility requirements to qualify as a WOSB or an EDWOSB are fully defined in Title 13 Part 127 Subpart B of the Code of Federal Regulations (CFR)
You can also get a preliminary assessment of whether you qualify at the SBA’s Certify website.
In addition, soon it will be a requirement to be certified Certification as a WOSB either through a third-party or through the SBA’s FREE online certification at certify.sba.gov.
For the complete announcement from the Small Business Administration, please visit their website
If you have any questions or need more information about SBA lending practices and requirements or a business valuation for a SBA loan, feel free to connect with us for a conversation.
Clients choose Harvest Business Advisors for our sage advice on profitably growing their business, accurate business valuations, and when the time is right, a consistent ability to deliver a high price as part of a smooth exit transaction.
Harvest Business Advisors provides business brokerage, business valuation, and business succession planning services. We have extensive experience in the information technology and professional services, manufacturing, distribution, and contracting fields. We maintain offices in Maryland, New Jersey and Virginia. Connect with us at firstname.lastname@example.org or 877-838-4966 to discuss selling your business, ordering a business valuation or buying a business.