SBA 1624 1992-2026 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 debarment statement 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.

People Also Ask about debarment sba form

What is WOSB certified?

The Women Owned Small Business (WOSB) certificate is an additional certificate specifically for businesses interested in federal government contracting. It qualifies you to work with the Small Business Administration's WOSB program.

What are the advantages of a WBE?

The Benefits of WBE Certification: Access to opportunities, such as large corporations and federal agencies. Training and educational programs exclusive to WOSB. Networking opportunities. Connect directly with buyers looking meet their 5% subcontracting federal goals.

What does Wbenc certified mean?

WBENC Certification validates that a business is at least 51 percent owned, controlled, operated, and managed by a woman or women. This means one or more women must have unrestricted control of the business, a demonstrated management of day-to-day operations, and a proportionate investment of capital or expertise.

Does SBE require certification?

Each certified SBE firm must annually submit an affidavit to the OMBE affirming its continued eligibility to participate in the SBE program. There is no cost to apply for certification as a SBE. Applicants must submit a complete application with all required supporting documentation.

What is 8a certification?

The 8(a) program is a robust nine-year program created to help firms owned and controlled by socially and economically disadvantaged individuals. Businesses that participate in the program receive training and technical assistance designed to strengthen their ability to compete effectively in the American economy.

What are SBE programs?

The Small Business Enterprise (SBE) program assists SBE firms with participating in MTC non-federally funded, non-architectural and engineering (A&E) materials, equipment, supplies, services and construction contracts. This program is aimed at using the power of the public purse to stimulate economic development.

What is SBE certification Florida?

Miami-Dade County's Small Business Enterprise (SBE) and Local Developing Business (LDB) Certification programs were created for any business entity providing construction, architectural, engineering, goods, services, and aeronautical support services.

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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.