What happens if SBA determines that the concern is no longer eligible for the program?

CFR · 2024-01-01 · US · Title 13

If SBA believes that a concern does not meet the program eligibility requirements, the concern fails to recertify in accordance with the requirements in § 127.400, or the concern has failed to notify SBA of a material change, SBA will propose the concern for decertification from the program. (a) (1) The WOSB or EDWOSB must respond in writing to a proposed decertification within 20 calendar days from the date of the proposed decertification. (2) If the initial certification was done by a third-party certifier, SBA will also notify the third-party certifier of the proposed decertification in writing. (b) (c) (d) (e) (1) Not later than two days after the date on which SBA decertifies a business concern, such concern must update its WOSB/EDWOSB status in the System for Award Management (or any successor system). (2) If a business concern fails to update its WOSB/EDWOSB status in the System for Award Management (or any successor system) in response to decertification, SBA will make such update within two days of the business's failure to do so. (f)

official document · source cfr-2024 · id 13:§ 127.405