Part 3: WOSB and EDWOSB-Certification Specific Documents

Owned by Autumn Kyles
Last updated: Oct 18, 2024
2 min read

 

  • Proof of Name Change. If your name differs from your submitted citizenship document (e.g., marriage), you may have to provide a proof of name change (e.g., state-filed documents for official name change, marriage license, unexpired passport, front and back copy of unexpired military ID).

  • Reciprocal Certifications. The review of some WOSB applications can move faster if the business has an existing certification that SBA recognizes.

    • If the business is an 8(a) Business Development Program participant, please upload the most recent annual review letter or 8(a) acceptance letter if the business is in the first program year to expedite the review.

    • If the business has been certified by an SBA-approved WOSB Third-Party Certifier (TPC), please upload the certificate to demonstrate WOSB/EDWOSB program eligibility.

  • Outside Employment Explanation. Provide a statement explaining any outside employment the owner currently has with another business.

    • Resume. Provide a personal resume that includes the following information: education and/or technical training, any additional businesses owned, description of current duties, and any other current or past employment experience, such as employer’s name, dates of employment, job title, and description of duties.

 

Economically Disadvantaged WOSB (EDWOSB) Requirements. In addition to all other required documents, applicants that wish to qualify as an economically disadvantaged woman-owned small business (EDWOSB) will be required to also report financial information for all owners comprising 51 percent ownership interest to ensure economic disadvantage thresholds are not exceeded. The following documents will be required for all individuals comprising 51 percent ownership:

  • Federal Personal Tax Returns from the last three years, including W-2s, Schedules, and attachments.

  • Federal Business Tax Returns from the last three years.

  • Financial Statements

  • Retirement Account Statement. Funds invested in an official retirement account will be excluded from the assessment of an economically disadvantaged individual’s personal net worth. Provide an account statement document issued within 30 days of application submission for each retirement account.

  • Personal Financial Information. Required for each woman claiming economic disadvantage and for each woman’s spouse. NOTE: This does not need to be uploaded but must be completed as part of the application. Detailed information is needed regarding the value of all assets (including cash on hand and in banks, accounts, and notes receivable, retirement accounts, stocks, bonds, real estate, personal property, life insurance, and any other assets), liabilities (such as loans, mortgages, tax debts, and any other liabilities), and income (including salary, investment income, real estate income, and any other income).

 

Effective October 2024