In our premiere webinar for our series, “Spilling the tea on GovCon,” our host, Teresa Moon was joined by renowned government contracting attorney, Steven Koprince, co-founder and partner of Koprince Law, LLC. The conversation centered around the 8(a) program, the application process, and the “potential for success” requirement.
Parabilis proudly services the 8(a) community and sees the program as an integral way for small businesses to gain access to more contract opportunities. It was no surprise we chose Steven to be our first guest, as he
literally “wrote the book” on it. Steven’s series of books are GovCon Handbooks, written by him and fellow partner, Nicole Pottroff.
The 8(a) Program: A Guide to the SBA’s 8(a) Business Development Program-In Plain English is a layperson’s dream come true in how to navigate the application process. Teresa and Steven took on the topic of “potential for success,” where the SBA stipulates that a small business must prove its ability to thrive within the program. He also offered some tips and insight into how the process works and where to focus the most attention on your application.
Did you know that part of the “potential for success” portion requires businesses to prove their ability to finance contract opportunities and show good credit standing? This can be a difficult task for small businesses and may require the help of a strategic financial partner like Parabilis.
If a letter of credit is necessary to prove this portion of the application process, is your business able to obtain one from your current partner? If not, you may need to consult with us to see how we may be able to assist you, so you don’t miss out on being a part of this program!
For this information and the rest of the conversation, complete the form below to listen to the whole thing for yourself! We encourage you to join us every month as we highlight a new partner and industry experts to give you a front-row seat to the information you may need and the ability to ask questions of our guests in real-time.