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What is a ‘Personal Capabilities Statement’?

A personal or government capabilities statement is a promotional or marketing statement about your business and its capabilities and skills that advertises who you are and what you do. These are used to easily access information on what a business does when bidding on or being awarded government contracts. View our sample template here:

Personal Capabilities Statement Example

 

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What happens when a HUBZone expires?

If you see an expiration date, it means that the location is currently qualified for the HUBZone program, but it will no longer be qualified after the expiration date. If you see multiple expiration dates in the additional details section the address is located in multiple overlapping HUBZones.

 

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How is HUBZone determined?

A Historically Underutilized Business Zone (HUBZone) is an economically distressed area as determined by the Small Business Administration (SBA), based on income and unemployment data.

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What is a HUBZone certification?

The HUBZone program fuels the growth of small businesses in historically underutilized business zones (HUBZones) by providing certification for preferential access to federal contracts.

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What is the difference between WBE and WOSB?

WOSB and EDWOSB certifications provide access to national and federal-level contracts. A WBE certification is limited to local, regional, or state-level opportunities.

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Need to Register or Renew in SAM ?

A primary requirement for any small business certification is to have an ACTIVE and compliant registration in SAM. If you are unsure of the status of your SAM, use  the SAM Status Lookup Tool. Once you have determined the expiration date, if it’s within 60 days, being the process now. Validation times are taking longer due to new procedures so you do not want to miss out on any federal contracting opportunities due to a lapsed or missed registration. Get started with a professional today by clicking the button below

 

What does VOSB stand for in business?

VOSB is an acronym for “Veteran-owned small business.” This is a certified title that can set businesses apart from certain competition, particularly when wanting to do business with the federal government.

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What is my EIN number?

The easiest way to find your EIN is to dig up your EIN confirmation letter. This is the original document the IRS issued when you first applied for your EIN. The letter will show your business tax ID and other identifying information for your business.

 

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Can you make money on government contracts?

There are exactly two ways to make money in the Federal Government contracting industry. First, you can directly support the government on a prime contract through registering in SAM.gov. Second, and easiest government contract to win, you can have a subcontract under the prime contract holder.

 

Do you know when your SAM Registration expires?

If you are unsure of the status of your SAM Registration, use the SAM Status Lookup Tool by clicking below

Can a sole-proprietor register in SAM.gov?

Sole proprietors may use their Social Security Number (SSN) assigned by the Social Security Administration (SSA) as their TIN to register in SAM.gov.

If you need to start the registration process, check out our page by clicking the button below

 

Do you know your SAM Registration status?

If you need to check your registration status, click the button below to use the tool

How long does it take to get a CAGE Code?

Approximately 4-5 business days after your SAM application is approved, NCAGE/CAGE Codes will be assigned and delivered by e-mail.

 

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