...
When an applicant business wants to claim an EO certification, the firm must prove that its' Controlling Entity holds at least 51% ownership of the subsidiary business applying for SBA certification. This means the subsidiary business will need to prove (through EO documentation and verification) that its' Controlling Entity holds 51% ownership all the way down through each level of the layered organizational structure, and each layer and its' contributors meets the necessary requirements for certification.
...
In the MySBA Certifications application process, the EO process will be initiated by the applicant business. From there, Controlling Entities can establish themselves as an approved Controlling Entity, manage subsidiaries and contributors, view their application progress. Below is a high-level view of the roles of each user in the MySBA Certifications EO application process:
Entity-Owned Applicant Business:
Request EO connection with an existing Controlling Entity
Note: Applicant firms can complete and submit an application before their connection request is approved. Rejected EO applications will be pushed back to the applicant business and they will have to request connection with another Controlling Entity or restart their application as a non-EO applicant business.
Initiate a New Controlling Entity Request form
Note: This is the only way a new Controlling Entity can be established in MySBA Certifications. EO applicant firms may proceed with the application process but will not be able to submit their application until the Controlling Entity has been approved. If their Controlling Entity Request form has been denied, the EO applicant business must request connection with another firm or restart their application as a non-EO applicant business.
Controlling Entities:
Complete the Controlling Entity Request Onboarding Form
Create and manage the subsidiary structure of your Controlling Entity
Note: Controlling Entities can only create new holding firms and cannot create new applicant businesses in the dashboard. Businesses aligned to the holding firms can only be created and connected through the MySBA Certifications application process. However, Controlling Entities may realign these firms to different holding firms once aligned to your matrix.
Create and manage Controlling Entity contributors
View and oversee all applicant business notifications in the MySBA Certifications process
...