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Everything you Need to Know About SDVOSB Certification
Gavin Taylor • Jul 08, 2021
The federal government has started various programs to help the socio-economically disadvantaged business owners gain more access to Government contracts. Service Disabled Veteran Owned Small business (SDVOSB) certification is designed to help veterans prosper their businesses. The government has set a requirement of awarding 3% federal contracts to SDVOSB certified businesses, which means you can land contracts worth billions of dollars if you fall into this category.
Here, we give you a low down on the benefits, eligibility, and criteria of getting SDVOSB certification:
What are the eligibility criteria for SDVOSB certification?
To be eligible for SDVOSB certification, your business must fulfill the following requirements:
- Your business must fall under the small business category as per the SBA regulations.
- At least 51% of your business must be owned and controlled by one or more service-disabled veterans.
- The disability must have been caused during their service period. (Service-Disabled Veteran is a person who served in the active military, naval, or air service, discharged or released under conditions other than dishonorable, and whose disability was incurred or aggravated in the line of duty in the active military, naval, or air service.)
- One or more service-disabled veterans must manage the day-to-day operations and also make long-term decisions.
What are the benefits of acquiring an SDVOSB certification?
There are various benefits of getting an SDVOSB certification for your business. Some of them are:
- The primary benefit of getting an SDVOSB certification is that you can conduct business with the VA (US Department of Veterans Affairs). VA sets aside a significant amount of its sole source contracts only for VOSB’s and SDVOSBs that you become eligible for after certification.
- The VA also provides better access to tax and capital relief to such certified businesses.
- The SDVOSB certified businesses also get access to training and development programs that help them grow their business.
- Apart from the VA, the SBA also offers various benefits to the VOSBs and SDVOSB certified businesses. Some of them are:
- The SBA, like the VA, offers training and education to such businesses to help them grow.
- The SBA also offers Veterans Advantage 7(a) loan to businesses owners with SDVOSB certification.
- The WVETP also provides education and training to women veterans who are certified under SDVOSB.
About Government Acquisition Services
Government Acquisition Services should be your one-stop destination to get all types of Government certifications. We have highly qualified consultants with over ten years of experience who will help you navigate the government registration process. Our services include SAM registration, MBE certification , DOT certification VOSB/SDVOSB certification. You can reach out to us at 800-799-3942 to know more. You can also fill our online registration form .
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