What Is the SBA Form 1010 Series?
The Small Business Administration (SBA) uses the information submitted on this SBA Form 1010 to determine the applicant’s eligibility for the SBA 8(a) program. If you are seeking 8(a) certification you must complete the Form 1010 and submit it to the SBA.
The SBA 8(a) Business Development program is designed by the SBA as an assistance program to help eligible disadvantaged small businesses compete in the American economy. Participation in the program gives the businesses an opportunity to become more competitive within their field. A specific form must be filed depending on the business owner’s background.
There are seven SBA 8(a) Loan application forms in total:
- SBA Form 1010B-AIT, 8(a) Business Development (BD) Program Application American Indian - Tribally Owned Concern;
- SBA Form 1010B-ANC, 8(a) Business Development (BD) Program Application Alaska Native Corporation-Owned Concern;
- SBA Form 1010-NHO, 8(a) Business Development (BD) Program Application Native Hawaiian Organization-Owned Concern;
- SBA Form 1010B-IND, 8(a) Business Development (BD) Program Application Individual Information;
- SBA Form 1010B-CDC, 8(a) Business Development (BD) Program Application Community Development Corporation-Owned Concern;
- SBA Form 1010C, 8(a) Business Plan;
- SBA Form 1010, Representative Form 1010 Business.
SBA 8(a) Business Development Program
The SBA 8(a) Business Development Program helps small businesses owned, controlled, and operated by socially and economically disadvantaged individuals by providing management, technical, financial and federal contracting assistance with the aim of helping these entrepreneurs create viable businesses.
The advantages of participating in the BD Program are:
- a possibility to undertake specialized business training, counseling, marketing assistance and high-level executive development provided by the SBA and its resource partners.
- becoming eligible for assistance in obtaining access to surplus government property and supplies, SBA-guaranteed loans, and bonding assistance for being involved in the program.
- a possibility to receive sole-source contracts, up to a ceiling of $4 million for goods and services and $6.5 million for manufacturing.
8(a) Program Eligibility Requirements
The SBA has set detailed eligibility requirements if a certain business can participate or not. A business must be small and be unconditionally owned and controlled by one or more socially- and economically disadvantaged individuals who are of good character. There are some separate requirements for businesses owned by Indian Tribes, Alaska Native Corporations, Native Hawaiian Organizations, and Community Development Corporations. The business must maintain its eligibility throughout the course of its participation.
The SBA 8(a) BD Program participation is one time. So, if the business has already participated in this program before, it is impossible to apply again. Although there are some specifics in rules for Tribes, ANCs, NHOs, and CDCs.
The SBA 8(a) BD program application process is lengthy. It is obligatory to gather a number of documents related to the finances of the business and the disadvantaged individuals who own and manage a business. It is possible to either complete a paper application or fill out forms online. Free assistance is available from the closest SBA office or SBA-approved resource center.
To apply to SBA 8(a) BD Program, it is required to make the following preparations.
First of all, it is necessary to gather the required documents. Those documents include:
- tax documents;
- business financial records;
- copies of state filings;
- copies of governing documents;
- copies of business contracts;
- background information for all principals;
- proof of social disadvantage or of economic disadvantage.
The next step is completing the application. To do that the following actions are required to undertake:
- obtain a Dunn and Bradstreet number. This is a unique, nine-digit identification number. It is required when registering with the federal government which is possible to get either online or by calling 1-866-705-5711 free of charge;
- check the presence of a Tax Identification Number (TIN);
- download the application (or complete it online);
- create a profile in the government’s System for Award Management (SAM);
- obtain an SBA General Login System user ID;
- complete an SBA General Login profile;
- complete the forms of online application accurately and truthfully; and
- print the documents and submit them by mail (if not using online application).
If any questions or difficulties occur, SBA can be contacted for help. The response is usually sent within 15 days.
SBA Form 1010-CDC 8(A) Business Development (Bd) Program Application Alaskan Native Corporation-Owned Concern
This form is filed by the Certified Development Company (CDC) that owns the business when applying for 8(a) Business Development Program.
SBA Form 1010-ANC 8(A) Business Development (Bd) Program Application Alaskan Native Corporation-Owned Concern
This form is filed by representatives of Alaska Native Corporation-owned business when applying for 8(a) Business Development Program.
SBA Form 1010-NHO 8(A) Business Development (Bd) Program Application Native Hawaiian Organization-Owned Concern
This form is completed by representatives of Native Hawaiian Organizations that own the applicant businesses concern.
SBA Form 1010-AIT 8(A) Business Development (Bd) Program Application American Indian - Tribally-Owned Concern
This form is completed by American Indian Tribes that owns 51% or more of the applicant businesses concern.
This form is completed by each individual who owes more than 10% of a business when applying for 8(a) Business Development Program.