Success Through Recognition: Applying for the 2010 SBA Small Business Award

One of the easiest ways to generate excitement and build credibility for your small business is by receiving an award from the Small Business Administration. Learn what types of awards are available, how to get nominated, and how to nominate others.

The Small Business Association (SBA) provides a very unique opportunity for recognizing excellence among small business owners. Each year, the SBA accepts nominations for awards in a variety of different categories.

There are a plethora of reasons that an SBA nomination and award can help your business. These awards are highly regarded in the small business world, and consumers also have a deep understanding of the SBA and what it means. Therefore, a SBA award is excellent for building credibility and community relationships. Here are some common questions and answers about SBA nominations and awards.

What types of SBA nominations are available?

The SBA features a range of different awards to recognize achievements. Some of these are targeted at individual accomplishments, such as the Small Business Person of the Year or Young Entrepreneur of the Year awards. Others take on a broader scope by recognizing organizations as a whole. The Family Owned Small Business and Home Based Business awards are more inclusive to recognize the accomplishments of a group. Each of these categories has its own unique set of criteria that makes a business eligible or ineligible for a SBA nomination. In some instances, nominees can actually qualify for more than one category, and one simple SBA nomination form can be used to suggest a candidate for multiple awards.

What businesses are eligible to be nominated for these awards?

The SBA nomination may only be completed for businesses that meet certain criteria. For example, only businesses that are geared toward profit can qualify. Nonprofits are strictly ineligible. The nominee must also be up-to-date with taxes and be primarily located in the United States. There are also some specific regulations regarding the size and scope of the business. Size requirements also vary from industry to industry. Review the SBA size standards for more specific details.

How do I nominate someone for the award, and where can others go to nominate me?

The SBA nomination process is fast and simple. It’s possible to submit a nomination for one or more categories with the exact same form. That form is available at the SBA website. It’s just one simple page that requires basic information including business name, address and contact information. A short description of the reason why the candidate should receive the award is also necessary. This description can be attached with a separate sheet.

If your small business is eligible for a SBA award, it’s important to begin the application process early. SBA nominations for 2010 awards are accepted through the end of the fall season.

Now is the time to get involved! You can also enhance the image of your business and your relationships with other small business owners by nominating a colleague in your local area for one of these awards. There is no cost to you for submitting a SBA nomination for someone else. In turn, they may be obliged to do the same for you in recognition of your quality services and hard work in the community.

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