What is the purpose of small business administration?

The purpose of the SBA (Small Business Administration) is to directly identify and award small businesses located in the United States. The government sets aside a certain percentage of federal contracting dollars to those who are small business certified and/or have a specific set-aside certification. All government contracts under $250k are directly awarded to small…

Why is HUBZone important?

The HUBZone (Historically Underutilized Business Zone) Certification is important for you and your business to attract prime contractors who are specifically looking for small businesses located in HUBZone’s. Even if you live in a HUBZone, you must be certified to reap the benefits. Some of the requirements of HUBZone include: Meet SBA Small Business Size…

Do vendors need a UEI number?

Whether vendors are required to have a UEI or not is up to the prime contractor or grant officer. If you are unsure if a vendor have a UEI, follow the steps below: At the top of this page, select “SAM * UEI Status Tool” Input your company’s full legal business name (or CAGE Code,…

Who sets the simplified acquisition threshold?

The ones who set the simplified acquisition threshold is usually the local or state government. Simplified acquisition procedures are extremely beneficial to small businesses looking to get started in government contracting work. It makes the process of obtaining work much simpler and easier f or government agencies and prime contractors looking for business to do…

What is set aside for small business?

The federal government sets-aside a certain percentage of federal contracting dollars to businesses who meet its specific requirements. There are four primary set-aside programs that you can participate in and be certified: Woman-Owned Small Business Certification (WOSB/EDWOSB) 5% of all Federal funds annually are allocated to WOSB Certified businesses Veteran-Owned Small Business Certification (VOSB/SDVOSB) Bid…

What are SBA set aside programs?

The SBA Set-Aside programs are official recognitions provided by the Small Business Administration. It’s goal is for the government to spend a certain amount of federal contracting dollars on certain types of businesses who meet the requirements and are certified. There are four main SBA Set-Aside Certifications which include: Woman-Owned Small Business Certification (WOSB/EDWOSB) 5%…