How to Obtain Certification as a Service-Disabled Veteran-Owned Small Business (SDVOSB)
How do I certify as a service-disabled veteran-owned small business? This is a question that many veterans who are looking to start their own businesses often ask. Being a service-disabled veteran-owned small business (SDVOSB) comes with numerous benefits, including access to government contracts and preferences in the procurement process. In this article, we will guide you through the steps to obtain this certification and help you navigate the process with ease.
First and foremost, it’s important to understand the criteria for becoming a service-disabled veteran-owned small business. According to the U.S. Small Business Administration (SBA), to qualify for this certification, you must meet the following requirements:
1. The business must be at least 51% owned and controlled by one or more service-disabled veterans.
2. The service-disabled veteran(s) must have a current and permanent service-connected disability that is rated at 10% or more by the Department of Veterans Affairs (VA).
3. The service-disabled veteran(s) must have the capacity to run the business.
4. The business must be operating as a for-profit entity.
Once you have determined that your business meets these criteria, the next step is to apply for certification. Here’s how to do it:
1. Research Certification Options: There are several certifying agencies that can assist you with the certification process. Some of the most common options include the National Veterans Business Association (NVBA), the National Association of Minority Contractors (NAMC), and the Women Veterans Business Enterprise Coalition (WVBE). Choose the agency that best suits your needs and preferences.
2. Gather Required Documentation: To apply for certification, you will need to provide several documents, including a copy of your VA disability rating letter, proof of ownership and control of the business, and information about the business’s financials.
3. Complete the Application: The application process may vary slightly depending on the certifying agency you choose. However, most agencies will require you to complete an online application, provide the necessary documentation, and pay a certification fee.
4. Submit Your Application: Once you have completed the application and gathered all required documentation, submit your application to the certifying agency. The agency will review your application and may request additional information if needed.
5. Wait for Certification: After your application has been reviewed, the certifying agency will notify you of the approval or denial of your certification. If approved, you will receive a certificate that you can use to prove your SDVOSB status.
Obtaining certification as a service-disabled veteran-owned small business can be a complex process, but it is well worth the effort. With this certification, you will have access to a wider range of opportunities and resources to help you grow your business. Remember to stay organized, follow the guidelines provided by the certifying agency, and be patient throughout the process. Good luck on your journey to becoming a certified SDVOSB!