HubZone Certification Gives Small Entrepreneurs an Uninhibited Access to the Federal Marketplace

FLORENCE, Ky. - Jan. 21, 2021 - PRLog -- If you own a HubZone Certification, it comes with a plethora of benefits:

• Access to loans: A Hubzone qualified small business is entitled to have the privilege of additional bonding and loan programs accessibility. Apart from this, a qualified HubZone business is sure to get hubzone grants, for being located in the underemployed region essentially.
• Cost advantage: The major advantage of a hubzone certification is that the small business owners get some preferential treatment during placing bids for the federal government contracts. The hubzone registered firm is allowed for 10% of cost advantage while bidding on the federal government contracts, unlike the non-registered firms.
• Being a part of Fortune 500: If your business is registered as a SBA certified firm, you get to enjoy certain preferences. These SBA certified firms get access to do business with large conglomerates which are also under Fortune 500, for assisting them in completing the federal government contracts. The contract value of about 5 million is the minimum amount that the larger firm bids for. So, as a smaller organization with HubZone Certification, you get to have the opportunity of being a part of this huge project and gain potential experience.

Federal Goals as per budget

The fed government has its own budget decided for different government branches. However, the goal increases at regular interval every year. With every increase nearly 50% more amount of dollars is added to the hubzone program of the SBA. The annual procurement of all firms with HubZone Certification is estimated at around $8 million to $9 million.

Need to immediate application for hubzone certification

One of the major reasons for applying to get hubzone certification is the lengthy procedure taken by the SBA for approving the certificate. If you apply today and submit the initial application, it would take a minimum of 6 months to get approval from the SBA.

Do not ever wait for the time where you have lost a potential contract and need some help in getting access to these federal contracts. Then you would have to wait for another 6 months and it would be a hard time to sustain the business. It is better to get equipped with the certification weapon and use it whenever you are in need. This SBA Hubzone certification is also available for a company with a single employee. Losing this opportunity won't be a great idea in any situation.

For more info visit: https://www.governmentmarketing.com/hubzone-certification