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What are the requirements to qualify for SDVOSB certifaction?

According to SBA, the requirements to qualify for a Veteran-Owned Small Business certification are:

  • Have at least 51% veteran ownership
  • Registered as a small business with SAM.gov
  • Be a small business according to SBA’s size standards
  • For certification as a SDVOSB, have no less than 51% of the business owned and controlled by one ore more veterans rated as service-disabled by the VA.
  • For those veterans who are permanently and totally disabled and unable to manage the daily business operations of their business, their business may be still qualify if their spouse or appointed, permanent caregiver is assisting in that management.

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What are the requirements to qualify for a VOSB certification?

According to SBA, the requirements to qualify for a Veteran-Owned Small Business certification are:

  • Have at least 51% veteran ownership
  • Registered as a small business with SAM.gov
  • Be a small business according to SBA’s size standards

Click below to check your business eligibility for a VOSB Certification!

 

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How long does a SDVOSB certification last?

According to SBA, a Service-Disabled Veteran-Owned Small Business Certification lasts up to three years.

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How long does a VOSB Certification last?

According to SBA, a Veteran Owned Small Business certification will last for three years.

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What are the benefits of having a VOSB Certification?

The benefits of having a VOSB Certification are laid out on the va.gov website. Some of the benefits include: priority when bidding on contracts, better access to capital, and extra support!

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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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VOSB Eligibility

To become certified as a Veteran-Owned Small Business (VOSB), it is crucial to fulfill the necessary requirements outlined below:

  1. Military Service: You must have served on active duty with the Army, Air Force, Marines, Navy, or Coast Guard.
  2. Honorable Discharge: You must have received an honorable discharge or release from your military service.
  3. Veteran Ownership: A minimum of 51% of your business must be owned by veterans. This demonstrates the significant involvement of veterans in the company.
  4. Active Management: You should actively participate in managing the company’s operations on a daily basis, showcasing your direct involvement in its affairs.

For Service-Disabled Veteran-Owned Small Businesses (SDVOSB), the following criteria are applicable in addition to the above:

  1. Disability Rating: You need to provide either a disability rating letter from the Department of Veterans Affairs (VA) or a disability determination from the Department of Defense. This certification validates your status as a service-disabled veteran.

By meeting these requirements, you can pursue VOSB certification. SDVOSBs must ensure they have the necessary documentation to prove their disability status.

How long does SDVOSB last?

The SDVOSB certification is similar to the VOSB certification, except for the requirement of providing proof of VA disability rating. The SDVOSB certification is valid for 3 years from the date of issuance and requires a renewal process to maintain eligibility. Ez8a’s program analysts offer comprehensive assistance in the renewal process, including generating and reviewing necessary documents and updating the VA’s VetBiz website. Renewal involves updating owner information and signing a new VA Form 0877. It is crucial to allow ample time for renewal processing to avoid certification expiration. The renewal process closely resembles the initial application, with extensive documentation required to validate personal and business eligibility. Ez8a’s expertise ensures the best chance of success by aligning documents with VA standards and providing assistance in responding to VA inquiries.

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What percentage of small business owners are veterans?

Veteran-owned businesses made up about 5.9% (337,934) of all businesses, with an estimated $947.7 billion in receipts, approximately 3.9 million employees, and about $177.7 billion in annual payroll. Check below if you qualify for a VOSB (Veteran Owned Small Business) Certification!

 

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How do companies verify veteran status?

To verify military service, utilize the Defense Manpower Data Center’s (DMDC) Military Verification service. By providing the individual’s Social Security Number and other relevant personal information, the system will indicate if the person is currently serving in the military. The service is accessible online 24/7, and upon completion of the check, a signed printable letter with the Department of Defense seal will be generated, indicating either the absence of information or the individual’s military status.

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Do you know your SAM Registration status?

Companies must have an ACTIVE registration in SAM.gov in order to continue eligibility with SBA. Use the tool by clicking below to check your status.