Small Disadvantaged Business
A small business may qualify as a Small Disadvantaged Business if:
•It has as a majority ownership (51% or more) which are socially or economically disadvantaged,
•These owner(s) are U.S. citizens,
•These owner(s) own, manage & operate the business on a daily basis,
•The company has been in business at least one year,
•The owner(s) has less than $750,000 personal net worth at the time of application, and during participation in government work.
Companies must be certified by the Small Business Administration to qualify as Small Disadvantaged Businesses.
The following categories of people are automatically considered as socially and economically disadvantaged:
•Asian-Pacific Americans
•Black Americans
•Hispanic Americans
•Indian Tribes
•Native Americans
•Subcontinent Asian Americans
•It has as a majority ownership (51% or more) which are socially or economically disadvantaged,
•These owner(s) are U.S. citizens,
•These owner(s) own, manage & operate the business on a daily basis,
•The company has been in business at least one year,
•The owner(s) has less than $750,000 personal net worth at the time of application, and during participation in government work.
Companies must be certified by the Small Business Administration to qualify as Small Disadvantaged Businesses.
The following categories of people are automatically considered as socially and economically disadvantaged:
•Asian-Pacific Americans
•Black Americans
•Hispanic Americans
•Indian Tribes
•Native Americans
•Subcontinent Asian Americans