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How to Verify Application Submission Log-in to WOSB.Certify.sba.gov. Navigate to the application dashboard Under program participation status you should see your application as either draft or submitted. If submitted, it has entered pre-processing/processing.
The lender will be in touch with you to let you know if your SBA loan has been approved. This will include a formal commitment letter with your final terms and conditions, including: Loan amount.
Once you submit the certification application, it enters processing. An SBA representative may contact you if additional information is required. Please note that our average processing time is currently 8 months from the time of submittal.
Its more valuable for business to get a WOSB certification. WOSB qualifies for set aside contracts, while WBE does not. Also, WBE does not have a size requirement while WOSB must be small businesses ing to the SBA.
All WOSB firms must apply for certification at certifications.sba.gov, home to SBAs free online certification process, in order to compete for WOSB Federal Contract program set-aside contracts.