SBA Form 1010 is the form used to apply for the SBA 8(a) Business Development Program. In addition to Form 1010, each person owning 10% or more of the business and each director, management member, partner, and officer needs to complete Form 1010B. These forms provide basic information to the SBA about the business and its owners which the SBA will use to make a preliminary determination of whether the business is eligible for 8a certification. Prior to filling out Form 1010, the applicant company needs to register with Central Contractor Registration, the Dynamic Small Business Search, and a DUNS Number.
Form 1010
Form 1010 also seeks sensitive information about the company like whether the company has ever filed delinquent returns, is past due on its taxes, pending lawsuits, etc.
Form 1010B
Form 1010B is specific to the owners, operators and management of the applying 8a company. Form 1010B requires such individuals to state whether they have declared bankruptcy, sought prior SBA loans, are parties to ongoing lawsuits, tax delinquencies, etc.
Form 1010B is specific to the owners, operators and management of the applying 8a company. Form 1010B requires such individuals to state whether they have declared bankruptcy, sought prior SBA loans, are parties to ongoing lawsuits, tax delinquencies, etc.