...
| Demonstrating Social Disadvantage |
|
...
| Table of Contents |
|---|
| minLevel | 1 |
|---|
| maxLevel | 6 |
|---|
| outline | false |
|---|
| type | list |
|---|
| separator | brackets |
|---|
| printable | false |
|---|
|
...
To participate in the 8(a) Business Development Program (8(a) Program), a firm must be 51% owned and controlled by socially and economically disadvantaged individuals. The New applicant owner or owner(s) who are claiming social and economic disadvantage can demonstrate their individual social disadvantage through one of two options: by writing a narrative or by completing the fillable questionnaire in http://Certify.sba.gov . Existing Program participants should prepare their narrative and upload it to Certify according to the instruction posted here.
This guide will provide insight into what elements to include in demonstrating social disadvantage.
...
The following are examples that would satisfy the level of detailed required by SBA: Example 1 (Education): Spring semester of my second year in college college Example 2 (Employment): November 25, 2020 2020 Example 3 (Business History): Fall of 2012 2012
| The following are examples that would not provide the level of detail required by SBA: Example 1 (Education): In college college Example 2 (Employment): In my mid-20s 20s Example 3 (Business History): Within the first few years of starting my business business
|
Examples: Where
The following are examples that would provide the level of detailed required by SBA: Example 1 (Education): University of ABC in [City. State] Example 2 (Employment): ABC Corporation in [City, State] Example 3 (Business History): ABC Bank in [City, State]
| The following are examples that would not provide the level of detail required by SBA: Example 1 (Education): At college college Example 2 (Employment): My first job job Example 3 (Business History): The bank bank
|
Examples: Who
The following are examples that would satisfy the level of detailed required by SBA: Example 1 (Education): My faculty advisor, (whose name I do not recall); and Dr. John Doe, the Director the University of ABC School of Health Sciences Example 2 (Employment): Jane Smith, VP for Human Resources, ABC Corporation Example 3 (Business History): ABC Bank’s Senior Loan Officer
| The following are examples that would not provide the level of detail required by SBA: Example 1 (Education): My professors Example 2 (Employment): One of the company executives Example 3 (Business History): A bank employee
|
...
The following are examples that would satisfy the level of detail required by SBA: Example 1 (Education): I had completed the necessary pre-requisite classes and was otherwise eligible to declare a business administration major. During a meeting with my faculty advisor and Dr. Doe, Dr. Doe explained that I would have more career options as a woman in healthcare. I later learned that several male nursing students in my class were given approval to declare majors outside the School of Health Sciences. For these reasons, I believe my request was denied based on gender bias. Example 2 (Employment): I requested a debrief with Jane because I had more experience and a higher trade certification than Emily. Jane stated that the company needed someone who could inspect active and/or dangerous jobsites. I reiterated, just as I had during my interview, that I was capable of performing all aspects of the site manager role to include on-site inspections. Emily does not have a physical disability like I do. For these reasons, I believe Emily was selected over me due to unfounded stereotypes associated with my physical disability. Example 3 (Business History): The line of credit was tentatively approved because my business met the minimal revenue and capital requirements for approval. Additionally, I had an excellent credit score of 790. Only after I met the loan officer in person did concerns arise over my ability to repay. A white former colleague, who started a business after I did, applied for the same line of credit with a lower credit score than I had and was successful. For these reasons, I believe my application was denied due to bias toward my race.
| The following are examples that would not provide the level of detail required by SBA: color |
Examples: How
The following are examples that would satisfy the level of detailed required by SBA: · Example 1 (Education): Because my business major was not approved, I did not graduate with the education and experience necessary for an entry-level career in marketing. I spent the next 5 years completing my marketing degree as a part-time student, which delayed my entry into the marketing field.
· Example 2 (Employment): Had I received the site manager promotion, I would have earned an additional $20,000 a year. This extra income would have allowed me to accumulate capital faster and start my business three years earlier than I did.
· Example 3 (Business History): Because my line of credit application was declined, I was not able to purchase an additional truck to increase our company’s capacity. As a result, we bid on but lost a contract opportunity with the municipal government for facilities maintenance.
| The following are examples that would not provide the level of detail required by SBA: · · · |