SBA 1624 1992-2025 free printable template

Certification Regarding Debarment Suspension Ineligibility and Voluntary Exclusion Lower Tier Covered Transactions This certification is required by the regulations implementing Executive Order 12549 Debarment and Suspension 13 CFR Part 145. If it is later determined that the prospective lower tier participant knowingly rendered an erroneous certification in addition to other remedies available to the Federal Government the department or agency with which this transaction originated may...

How to fill out certification debarment ineligibility form

How to fill out SBA 1624

1. Begin by obtaining the SBA Form 1624 from the official SBA website or authorized sources.
2. Fill in your business information, including the legal name, address, and contact details in the designated sections.
3. Provide the requested financial information, including income statements, balance sheets, and other financial documents.
4. Complete the certification section, ensuring you read and understand the requirements before signing.
5. Review the entire form for accuracy and completeness before submission.
6. Submit the completed form according to the instructions provided, either online or via mail as specified.

Who needs SBA 1624?

1. Small business owners seeking federal assistance or loans through the SBA.
2. Entrepreneurs applying for federal contracting opportunities that require eligibility verification.
3. Organizations that need to demonstrate compliance with SBA regulations and requirements.

Video instructions and help with filling out and completing certification federal debarment

Instructions and Help about form 1624

(upbeat music) — Hello, and thank you for joining today's acquisition seminar hosted by the Federal Acquisition Institute. Today's seminar entitled Suspension and Debarment: What Makes a Successful Meeting will give us a glimpse into the minds of Suspension and Debarment Officials in the Federal Government, and a band the closed door look at a successful meeting between a Suspension and Debarment Official and contractor representatives. Suspension and debarment, two terms that probably strike terror into the heart of any company or individual that wants to do business with the Federal Government. But suspension and debarment aren't meant to be punitive. And meetings with Suspension and Debarment Officials are not meant to be contentious or antagonistic. Suspension and debarment are used only as a last resort to protect the interests of the Federal Government. More often than not, a meeting with a Suspension and Debarment Official is an opportunity to help an individual or company get back on track. To enlighten us on the implications of suspension and debarment, we have a team of officials from agencies across the Federal Government. First we'll present two Suspension and Debarment Officials as they discuss, among other things, what they look for when they're determining a contractor's present responsibility and how members of the acquisition workforce can help. Then we'll present an example of a contractors meeting with a Suspension and Debarment Official. These closed door meetings have wide-ranging effects on Federal Government procurement across all agencies. The meetings are necessarily private, but they are one of a Suspension and Debarment Official's most useful and effective tools for enhancing contractor responsibility. I think our presentations will help demystify suspension and debarment, and what officials are looking for when they meet with a contractor. And they'll shed light on what contractors can do to most effectively work with government to prevent exclusion. Before we begin, let me remind you that we will hold a live question and answer session at the end of today's presentation. If you have questions about anything you see or hear, we encourage you to submit them at any time using the survey link to the right of the video screen. We will collect and review your questions during the presentations, take a short break, and then we'll return to answer as many as we can. And with that, let's get started. I'm very pleased to introduce to you now, Maria Sway, Suspension and Debarment Official for the U.S. General Services Administration and Rod Grandson, Suspension and Debarment Official for the U.S. Air Force. — Hello I'm Maria Sway, the suspension and debarment official for the General Services Administration, and I'm here with Rod Grandson from the Air Force, and he's also the Air Force's Suspension and Debarment Official. Today we're going to have a conversation about suspension and debarment from the perspective of the...

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What is SBA 1624?

SBA 1624 is a form used by small business contractors to report their financial status and progress under federal contracts, primarily to the Small Business Administration (SBA).

Who is required to file SBA 1624?

Small business contractors receiving SBA 8(a) program assistance or those under federal contracts that require performance and financial reporting must file SBA 1624.

How to fill out SBA 1624?

To fill out SBA 1624, contractors need to provide detailed information regarding their business operations and financials, including revenue, expenses, and contract performance. Specific instructions are usually provided along with the form.

What is the purpose of SBA 1624?

The purpose of SBA 1624 is to enable the SBA to monitor the performance and financial health of small business contractors, ensuring compliance with federal contract requirements and promoting the participation of small businesses in government contracting.

What information must be reported on SBA 1624?

SBA 1624 requires reporting information such as gross revenues, total expenses, total profit margins, contract performance metrics, and any other financial data relevant to the contractor's business operations under federal contracts.