Factors To Avoid While Preparing The Sba Disadvantage Narrative

It is a mandatory obligation for all the applicants of 8a certification to submit an economic disadvantage narrative statement to the SBA

. In a disadvantage narrative statement, you are expected to describe any economic or social disadvantage incident that you have experienced, so that the SBA is convinced about the discrimination you have suffered. Your narrative description should describe in detail the events of discrimination in the areas of credit or financing, market restrictions, unemployment, bonding, leases and licenses. However, there are few things, which should be taken care of and strictly followed to prevent your narrative from getting denied or rejected by the SBA.

Avoiding certain things while preparing your narrative

There are certain things to avoid while preparing your SBA 8a Social / Economic Disadvantage Narrative. Such things include:

Do not write a report

Make sure to prepare a narrative that is more personal and not like a report. 8a SBA applicants generally have a wrong presumption that including more facts and quotes will strengthen their disadvantage narrative. A narrative statement must have a personal touch that can clearly describe the events of discrimination in your life. Make sure that your 8a SBA application narrative is in the first person and it systematically recounts the professional and personal events of your life. An important point to take into consideration is that your narrative should contain only negative experiences. Make sure that you do not mention any good news or a positive approach in your disadvantage narrative.

Do not provide long quotes

It is considered good to include quotes to strengthen and reinforce your narrative. However, it is recommended that the quotes should not be long enough and must end within few sentences. You can mention few references, but it must not sum up to a bibliography and should sound more like a story than a report. It is recommended not to include more than seven quotes in your 8a SBA application narrative. Generally, applicants prepare narratives ranging from 6-7 pages. The quotes included should highlight particular issues, for instance, high crime rate in the community you are residing or graduating from high school with a huge dropout rate.

Do not elaborate

While describing events from your professional or personal experiences make sure you are specific and not elaborate. Your events should include the name of the supervisor, event summary, the date of the incident, any witness of the occasion and financial or economic fallout of the episode. This would strengthen the authenticity of the event even if you are missing any court documents that can confirm your claims.

The above-mentioned points give a brief idea about how to prepare an 8A certification disadvantage narrative. Failure to adhere the points will lead to rejection of the narrative. Once your narrative is rejected, it takes ample time to get re-submitted. Hence, it is highly recommended that the points should be followed strictly and special care should be taken to rule out the possibility of any error that may delay the overall process.

by: Cliprivaldo

POST COMMENT

Certain Factors To Consider When Deciding On A Kvm Switch For Your Office Network Important Factors You Must Know About Heating Contractor Alexandria Considering Factors Of Hgh Hormones Factors To Consider Before Hiring A Work Injury Lawyer Factors To Consider When Choosing Blank Dvd Media Factors Influencing The Process Of Injection Molding Factors To Consider When Choosing A Conference Meeting Venue Factors To Consider When Hiring Fencing Company Factors That Determine Share Prices Factors To Be Considered When Choosing Book Binding Process Factors Inducing The Growth Of Algae In Pool Decision Factors Of Silica Fume Active Factors To Consider When Laptop Shopping