The SBA 8(a) program provides business development assistance to small businesses that are socially and economically disadvantaged. To be eligible for the program, businesses must meet specific criteria. This includes being a small business, demonstrating social and economic disadvantage, being owned and controlled by a socially and economically disadvantaged individual, and showing good character. Additionally, applicants must have a personal net worth below a certain threshold and meet the applicable size standards for their primary industry. Meeting these eligibility requirements opens up opportunities for government contracts, mentorship, and training through the 8(a) program.
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