What is the SBA HUBZone program, and how can I qualify?


Do you have a business located in an economically-challenged area? If so, you may be able to get preferential access to valuable federal contracts. The HUBZone program (the Historically Underutilized Business Zone Empowerment Contracting Program) is part of the SBA (Small Business Administration). The federal government created the program in 1997 to help businesses so that it can encourage employment and economic development in certain distressed areas.

Benefits of being in the HUBZone program:

Being in the HUBZone program can give your company access to work which might otherwise be unavailable. The federal government intends to award three percent of all the money awarded to federal prime contractors to HUBZone-certified businesses.

In order to qualify for the HUBZone program, your business must meet the following conditions:

•Size: Your business must be a small business as defined by SBA standards.

•Ownership: At least 51 percent of the ownership and control of your business must be by U.S. citizens or certain other categories of owners, such as agricultural cooperatives.

•Location: The principal office of your business must be located within a Historically Underutilized Business Zone (HUBZone).

•Employees: At least 35 percent of the employees of the business must reside within a HUBZone.
The HUBZone program is one of many programs administered by the Small Business Administration that help businesses thrive. The Unsecured Business Loan website can help your business apply for an SBA loan worth tens of thousands of dollars. The process is quick, easy and secure. Simply fill out the form to your right to get started.

In addition to the SBA loans, the Unsecured Business Loan website also offers unsecured business loans and unsecured business lines of credit worth up to $750,000. With an unsecured loan, you never need to put up any of your assets for collateral. You can use your loan to help your business expand or to keep it going when times are tough.

For more information, go to SBA Loan at http://www.unsecuredbizloan.com/sba

What is the SBA HUBZone program, and how can I qualify? was last modified: March 7th, 2012 by Amit Kraidman
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