Describe the Changes, Challenges, and Tips of the New WOSB/EDWOSB Certificate Application

Introduction: As on 15th July, 2020, latest update, the SBA’s portal has started allowing the WOSBs and EDWSOBs to submit the documentations, which are to be verified by SBA. This process has to be done to have WOSB and EDWOSB Certification. Before this stipulated date of 15th July, 2020, options for certification were either to be “self-certified” or to have SBA approved 3rd party certification business as WOSB or EDWOSB. 


So let’s see the changes first: -

Changes:

  • There is no more validity of self-certification and will not be accepted as of October 15th.
  • SBA will not charge any fees and shall formally certify a business for the WOSB/EDWOSB program
  • SBA will accept 3rd party certifications only, if that is from an SBA approved 3rd party certified.  
  • The https://beta.certify.sba.gov/ - is the latest website of WOSB/EDWOSB certification.
  • For WOSB/EDWOSB Certification new businesses are needed to get certified by using the above stated link.
  • Businesses which were previously self-certified, 3rd party certified, or certified as WOSB/EDWOSB through the 8a program, have to upload their documentation to the new site by October 15th.
  • 8a certified businesses will also be accepted by SBA and VA CVE (Center for Verification and Evaluation) as WOSB/EDWOSB. The business has to upload appropriate documentation to SBA.

Now focus on the challenges:-

  • Due to lots of issues/glitches with the beta.certify.sba.gov website, there were difficulties to enter certain pieces of information.
  • Many of those issues have been resolved since then, so if a business started an application, then but it remained unfinished, they should be able to finish and submit their application now.

What are the tips to be followed?
  • Please check whether you have completed all your documentation, then ready to go prior to starting the application for EDWOSB certification.
  • While applying for EDWOSB, do not forget to fill out a personal financial statement ahead of time, this will help make answering the personal financial questions easier.  You to answer anything regarding your personal financial part.
  • If require call a PTAC advisor to help you!

Conclusion: EDWOSB certification is beneficial for women empowerment in every aspect. Therefore, this certification is required. 

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