13 CFR 126.404 – What are the possible outcomes of a program examination and when will SBA make its determination?
(a) Timing. SBA will make its determination within 90 calendar days after SBA receives all requested information, when practicable.
Terms Used In 13 CFR 126.404
- Contract: A legal written agreement that becomes binding when signed.
(b) Program examinations on certified HUBZone small business concerns. If the program examination was conducted on a certified HUBZone small business concern—
(1) And the D/HUB (or designee) determines that the concern is eligible, SBA will send a written notice to the HUBZone small business concern and continue to designate the concern as a certified HUBZone small business concern in DSBS (or successor system).
(2) And the D/HUB (or designee) determines that the concern is not eligible, the concern will have 30 days to submit documentation showing that it is eligible. During the 30-day period, such concern may not compete for or be awarded a HUBZone contract. If such concern fails to demonstrate its eligibility by the last day of the 30-day period, the concern will be decertified.
(c) Program examinations on applicants. If the program examination was conducted on an applicant to the HUBZone program—
(1) And the D/HUB (or designee) determines that the concern is eligible, SBA will send a written certification notice to the concern and designate the concern as a certified HUBZone small business concern in DSBS (or successor system).
(2) And the D/HUB (or designee) determines that the concern is ineligible, SBA will send a written decline notice to the concern.