#SBA MENTOR PROTEGE PROGRAM CHECKLIST HOW TO#

Your business must demonstrate potential for successĪPPLY to SBA's 8(a) Business Development Program by following these steps, using our customized 8(a) checklist and reading up on additional information before you get started.Your business must be majority-owned and controlled by socially and economically disadvantaged individual(s).Turnaround time has remained within their objective of 3 to 5 days. The application process is built almost entirely around self-certification. As of December 6, 2017, SBA has approved 42 Mentor-Protégé arrangements. Your business must be qualified as small - Use the size standards tool to understand what firms qualify as a small business. The SBA’s program to meet the Mentor Protégé expansion got underway on October 1, 2016.

Assistance eligibility to obtain access to surplus government property and supplies and SBA-guaranteed loans and bonding.8(a) businesses can participate in the Mentor-Protégé Program which helps new 8(a) companies learn the ropes from other experienced businesses.The power to approve mentor protege agreements, and their renewals, is vested solely in the SBA’s Director, Office of Small Business Development. Specialized business training, marketing assistance, counseling and high-level executive development The Mentor-Protg program is designed to motivate and encourage large business prime contractor firms to provide mutually beneficial developmental assistance to small business, veteran-owned small business, service-disabled veteran-owned small business, HUBZone small business, small disadvantaged business, and women-owned small business concerns. Besides meeting the SBA’s 8a certification requirements and size standard requirements, companies in the 8 A BD Program can engage in a mentor protege relationship.Sole-source contracts – up to $4 million for goods and services and $6.5 million for manufacturing.What is the 8(a) Business Development Program? The program encourages private-sector relationships and expands DOTs efforts to identify and respond to the developmental needs of small and disadvantaged businesses.

#SBA MENTOR PROTEGE PROGRAM CHECKLIST HOW TO#

Read on to learn about the benefits, the requirements and how to apply. DOTs Mentor-Protégé Program enhances the capability of disadvantaged and small business owners to compete for federal procurement opportunities. The 8(a) Program offers executive level business training that helps to keep your small business competitive. Small Business Administration's 8(a) Business Development Program is designed to help small, disadvantaged businesses compete in the federal marketplace.

Sba mentor protege program checklist