SBA Proposes Changes to 8(a) Program Eligibility for Individual Firms

The U.S. Small Business Administration plans to introduce a new rule that would remove the automatic assumption of social disadvantage for individually owned businesses in its 8(a) Business Development program. This proposed alteration would modify the eligibility criteria for individual applicants, though it would not affect firms owned by entities. Public comments on this significant program change are invited for 30 days following its official publication.