KARLO Insights Blog
Important Update on SBA's SDVOSB Program: Certification Changes Ahead
The SBA is amending its SDVOSB program to implement Section 864 of the FY 2024 NDAA, effective October 1, 2024. The changes include eliminating self-certification, requiring VetCert certification for all SDVOSB contracts and subcontracts, and setting an application deadline of December 22, 2024. SDVOSBs need to start the VetCert certification process early and familiarize themselves with the requirements to avoid disruptions. The goal is to enhance program integrity and ensure only genuinely eligible businesses receive contract opportunities.
The SBA's New Working Capital Program: A Win-Win for Small Businesses and Lenders
In this article we cover the ins and outs of the SBA’s new working capital program. The SBA's new working capital program offers financial support to small businesses, enhancing cash flow, providing flexible terms, and offering unsecured loans to a wider range of businesses. It allows small businesses to cover operational costs, invest in growth, and stabilize financially. For lenders, the program reduces risk through SBA guarantees, increases lending opportunities, and strengthens community ties. By supporting small businesses and reducing lender risk, the program promotes economic growth and stability.
U.S. Court Strikes Down Key Provision of SBA's 8(a) Program: What You Need to Know
A pivotal case from the Eastern District of Tennessee has changed the SBA 8(a) program as we once knew it. This article provides a brief analysis of the effects of the Ultima decision and what you can look forward to with the future of SBA’s 8(a) program.