Search
SBA 8a program
by victoria102999, Window Shopper
- Created: September 21, 2009, 9:42 pm
I am in the process of buying 100% interest in a small construction company. The company nor myself has ever been certified by SBA for its 8a program. However, I.m told that in order to certify for the 8a program i must personally work at the business. I dont understand why I must personally be present at the business on a daily basis to demonstrate that I own and control the business.
I recently aquired 100% ownership of a small daycare which is managed by my three employees on a daily basis. While the net income after all expenses and taxes are paid leaves very little for me in terms of profits approximately 2-3%. But, that why I bought the daycare. I can use the continual residual income.
Why can't I do the same with the construction and certify as an 8a company. I will control and direct the company's future just as I do with my daycare. I also happens to have extensive knowledge and experience in the construction field.
Any advise
Victoria102999

BizResearcher | Window Shopper | 9/22/2009 - 2:38 pm
jodypenn | Performer | 10/4/2009 - 10:29 am
ZanetaB | Former Moderator | 10/5/2009 - 12:15 pm
jodypenn | Performer | 10/10/2009 - 12:34 am
markryan | Performer | 12/1/2009 - 3:31 pm
AnnaLiisa | Window Shopper | 12/30/2009 - 12:46 pm
roadster | Window Shopper | 2/12/2010 - 11:29 am
ChristineL | Former Moderator | 2/12/2010 - 5:52 pm
riverasierra | Window Shopper | 2/17/2010 - 6:32 pm
StuartR | Former Moderator | 2/22/2010 - 11:32 am
Join The Discussion
You must be logged in to join the discussion. If you already have an SBA Community account, Log In to join the discussion.
New users, Register for a new account and join the conversation today!