SBA’s Plans for SBA’s Government Contracting - What You Should Know About the Government Assistance…
How Do You Properly Fill Out SBA Form 1010c?
Don’t let forms and paperwork prevent you from doing business with the federal government. The U.S. Small Business Administration (SBA) requires SBA form 1010c to be completed within 30 days after your 8(a) certification. You will not be able to start bidding on 8(a) set-aside contracts unless your form 1010c is approved by the SBA. While this form is similar to a standard business plan, it does have distinct differences. Find out how you can properly fill out this form and start the process today.
Include Necessary Form Sections
SBA offers an 8(a) business plan form that you can fill out and submit as your 1010c. This form includes 52 questions and is structured with the following sections:
- Statement of Representatives and Fees
- Executive Summary
- Business History
- Business Environment
- Products and/or Services
- Present Market
- Marketing Plan
- Management and Organization
- Business Resources
- Financial Plan
- Contract Support Targets
Each of these sections needs to be filled out accurately and clearly. Missing a section or providing incomplete information can prevent you from receiving set-aside contracts, even after receiving your 8(a) certification. A completed 1010c isn’t the only thing you need to become approved for this certification, so review the eligibility guidelines to see if your business can compete for the 5% of federal contracting dollars in set-asides.
Review Your Business Plan
Completing form 1010c is also a great opportunity to reflect on your business plan. Do you have a solid marketing and financial plan in place to become a federal contractor? Are you ready to do business with the world’s largest client, the U.S. government? Take this time to clarify your business approach and your products and services.
SBA form 1010c is required once you’ve received your SBA 8(a) certification. Your business plan, however, will be used for many more purposes. Use this opportunity to revise your company’s road map and update information on your competition, business environment, business resources, and other crucial sections.
Work With an Experienced Consultant
Properly filling out form 1010c and completing ongoing updates and edits to your business plan are important tasks as a business owner. If you’re feeling overwhelmed with the process, then it may be time to reach out to Rafael Marrero & Company.
Receive expert guidance on SBA 8(a) certification from Dr. Marrero and his team. Contracting with Uncle Sam and competing for lucrative set-asides starts with the right plan, so choose an experienced consultant to guide you through the process.
Fill Out Form 1010c With Rafael Marrero & Company
Take the next step in applying for 8(a) certification and becoming a trustworthy business-to-government contractor. Request a consultation today to explore your options and request advice on this important form for federal contractors.