Hubzone Certificate Offers Small Business Owners to Gain Access Over Federal Contracts
Hubzone certification has been introduced in order to help the small business owners gain access to federal government contracts. To take advantage of this contract, the small business owners need to possess the 8a or 8m certification. This is managed and administered by the SBA or Small Business Administration. Benefits of possessing hubzone certification Some of the advantages of possessing a hubzone certification are as follows: · Access to loans: A business person registered under SBA program gets to enjoy additional bonding and loan programs accessibility. · Cost advantage : The major advantage of a hubzone certification is that the small business owners get some preferential treatment while placing bids for the federal government contracts. The HubZone registered firm enjoys 10% cost advantage on federal contracts, which the non-registered firms cannot. · Being a part of Fortune 500 : SBA certified firms are selected by the larg