In a recent legal development, the U.S. Small Business Administration (SBA) has released updated guidance after changes were imposed on the administration of the SBA’s 8(a) BD program. This shift follows an injunction issued by the U.S. District Court for the Eastern District of Tennessee on July 19, barring the SBA from presuming social disadvantage in administering the program.
As a result of the court’s order, the SBA temporarily suspended new 8(a) application submissions. The updated guidance, released on August 18, outlines the next steps for current 8(a) program participants and new applicants. The updates clarify the changed legal landscape regarding program application and participation.
This guidance pertains to entrepreneurs and businesses who are exploring or currently part of the SBA’s 8(a) BD program. Legal professionals working with such businesses should be aware of these changes as they could potentially impact their clients’ dealings with the SBA.
For more specific details about the SBA’s updated guidance and how it may impact applications and operation of the 8(a) program, please see the full article here.