To apply for the 8(a) Program, you must provide certain financial statements for your business. We recommend that you have your accountant prepare the financial statements required by the SBA. However, if you use an in-house accounting system such as QuickBooks, you may be able to use financials generated from that system instead. Your financial statements are crucial to the 8(a) application process, and demonstrating your potential for success is a critical component of your application. Therefore, it’s essential to ensure that your business meets the eligibility requirements. Please note that tax returns or Excel worksheets cannot be used as a substitute for the required financial statements.
- You should ensure that all financials provided are prepared on generally accepted accounting principles or an accepted cash basis.
- Year to date Balance sheet and income statements, no older than 90 days, including a detailed A/P and A/R aging statement if you are operating on an accrual basis.
