s elynx365

Select FAQ Type:

Who is eLynx365?

eLynx365 provides support services, in a team relation with affiliate, to the underutilized & underserved small businesses. Some of the support services include Advocacy, eProcurement, Bid Alert, Auction Trade, Professional Training, Market Research, Business Development & Support, CEO Roundtable and Consulting services. A small business is defined by the U.S. Small Business Administration (SBA). The SBA guidelines are utilized to work the small and diversity business framework. These services, commonly available to only the largest companies, are exclusively offered to small and mid-sized privately held companies according to SBA standard sizes.

If you are looking for a better solution to improving your company's business sales, profit or cash-flow, management, company performance..... eLynx365 is more than just another social media networking company consulting business. We provide REVENUE PROGRESS by providing impeccable business services.


Who certify the business for the 8(a) program and the length of time?

United States Small Business Administration (SBA) agency. It is a 9 year program. However, the SBA may graduate the 8(a) vendor early based upon some restrictions.


What is required to qualify as an 8(a) Certified Company?
  • Be a small business

  • Not already have participated in the 8(a) program

  • Be at least 51 percent owned and controlled by U.S. citizens who are economically and socially disadvantaged

  • Be owned by someone whose personal net worth is $250,000 or less

  • Be owned by someone whose average adjusted gross income for three years is $250,000 or less

  • Be owned by someone with $4 million or less in assets

  • Have the owner manage day-to-day operations and also make long-term decisions

  • Have all its principals demonstrate good character

  • Show potential for success and be able to perform successfully on contracts


What are some of the 8(a) Certified benefits?

To help provide a level playing field for small businesses owned by socially and economically disadvantaged people or entities, the government limits competition for certain contracts to businesses that participate in the 8(a) Business Development program.

Disadvantaged businesses in the 8(a) program can:

  • Compete for set-aside and sole-source contracts in the program

  • Get a Business Opportunity Specialist to help navigate federal contracting

  • Form joint ventures with established businesses through the SBA's mentor-protégé program

  • Receive management and technical assistance, including business training, counseling, marketing assistance, and high-level executive development


What type of contracts are available for 8(a) companies?

There are two kinds of set-aside contracts: competitive set-asides and sole-source set-asides.


What is a 8(a) competitive contract?

When at least two small businesses could perform the work or provide the products being purchased, the government sets aside the contract exclusively for small businesses. With few exceptions, this happens automatically for all government contracts under $150,000.

Some set-asides are open to any small business, but some are open only to small businesses who participate in SBA contracting assistance programs.


What is a 8(a) Sole-source set-aside contract?

Most contracts are competitive, but sometimes there are exceptions to this rule. Sole-source contracts are a kind of contract that can be issued without a competitive bidding process. This usually happens in situations where only a single business can fulfill the requirements of a contract.

To be considered for a sole-source contract, register your business with the System for Award Management System (SAM) and participate in any contracting program you may qualify for.

In some cases, sole-source contracts must be published publicly, and will be marked with an intent to sole source. Potential vendors can still view and bid on these contracts. Once the bidding process begins, the intent to sole-source may be withdrawn.


Who can Join the 8(a) Trade Association?

A Certified company must be approved by the U.S. Small Business Administration (SBA)


What is the Federal Government Service-Disabled Veteran-Owned Small Business program?

The government limits competition for certain contracts to businesses that participate in the Service-Disabled Veteran-Owned Small Business program.

Joining the disabled veterans' business program makes your business eligible to compete for the program's set-aside contracts. You can still compete for contract awards under other socio-economic programs you qualify for.


What are the requirement qualifications to participate as a Service-Disabled Veteran-Owned business?

 To qualify for the disabled veterans’ business program, your business must:

  • Be a small business

  • Be at least 51% owned and controlled by one or more service-disabled veterans

  • Have one or more service-disabled veterans manage day-to-day operations and also make long-term decisions

  • Eligible veterans must have a service-connected disability


What is the Federal Government HUBZone program?

The government limits competition for certain contracts to businesses in historically underutilized business zones. It also gives preferential consideration to those businesses in full and open competition.

Joining the HUBZone program makes your business eligible to compete for the program’s set-aside contracts. HUBZone-certified businesses also get a 10 percent price evaluation preference in full and open contract competitions.

HUBZone-certified businesses can still compete for contract awards under other socio-economic programs they qualify for.


How to get certified to participate as a HUBZone business?

Before you can participate in the HUBZone program, you must be certified by the Small Business Administration (SBA). Take these steps to get HUBZone certified.

  1. Make sure you have a SAM.gov account.

  2. Make sure you have a General Login System account.

  3. Apply for HUBZone certification using the General Login System. Log in, select “Access” and then “HUBZone” before completing the prompts.

  4. Check your email for time-sensitive instructions to electronically verify your application within 10 business days.

  5. Submit any requested supporting documentation within 10 business days.

  6. Update your SAM.gov profile to indicate you are a HUBZone business after you get an email confirmation from the SBA.


What are the requirement qualifications to participate as a HUBZone business?

To qualify for the HUBZone program, your business must:

  • Be a small business

  • Be at least 51 percent owned and controlled by U.S. citizens, a Community Development Corporation, an agricultural cooperative, a Native Hawaiian organization, or an Indian tribe

  • Have its principal office located in a HUBZone

  • Have at least 35 percent of its employees live in a HUBZone


What is the Federal Government Women Owned Business program?

To help provide a level playing field for women business owners, the government limits competition for certain contracts to businesses that participate in the women's contracting program.

These contracts are for industries where women-owned small businesses (WOSB) are underrepresented. Some contracts are restricted further to economically disadvantaged women-owned small businesses (EDWOSB). The SBA maintains a list of those eligible industries and their NAICS codes.

Joining the women's contracting program makes your business eligible to compete for federal contracts set aside for the program. You can still compete for contract awards under other socio-economic programs you qualify for.


What are the requirement qualifications to participate as a Women Owned Business?

To be eligible for the women’s contracting program, your business must:

  • Be a small business

  • Be at least 51% owned and controlled by women who are U.S. citizens

  • Have women manage day-to-day operations and also make long-term decisions

To qualify as an economically disadvantaged business within the women’s contracting program, your business must:

  • Meet all the requirements of the women’s contracting program

  • Be owned and controlled by one or more women, each with a personal net worth less than $750,000

  • Be owned and controlled by one or more women, each with $350,000 or less in adjusted gross income averaged over the previous three years

  • Be owned and controlled by one or more women, each $6 million or less in personal assets


What is Disadvantaged Business Enterprise (DBE)?

DBEs are for-profit small business concerns where socially and economically disadvantaged individuals own at least a 51% interest and also control management and daily business operations.

African Americans, Hispanics, Native Americans, Asian-Pacific and Subcontinent Asian Americans, and women are presumed to be socially and economically disadvantaged. Other individuals can also qualify as socially and economically disadvantaged on a case-by-case basis.


What is the requirement for DBE participation?

To participate in the DBE program, a small business owned and controlled by socially and economically disadvantaged individuals must receive DBE certification from the relevant state– generally through the state Uniform Certification Program (UCP).

To be regarded as economically disadvantaged, an individual must have a personal net worth that does not exceed $1.32 million. To be seen as a small business, a firm must meet SBA size criteria AND have average annual gross receipts not to exceed $23.98 million. Size limits for the airport concessions DBE program are higher.


What are some of the tools available for members?

Some of the tools are:

  • Bidding tools access to local, state and federal buyers.  Also, government prime contractors that seek diversity compliance.
  • Auction
  • Procurement Matching services
  • CEO Roundtable

Are there any support resources?

Yes, there are more resources such and Legal, Finance, CPA Support services, CEO Roundtable and much more.


Are there any special discounts and incentives available for members?

Yes, there are special discounts and incentives. For example, the group insurance plans offers major discounts on products and services by our approved affiliate licensed independent agents.


What are the North American Industry Code Standards (NAICS)?

On January 1, 2003 OSHA began using the North American Industry Classification System (NAICS) for industry identification in its various data sets.

NAICS uses a six digit hierarchical coding system to classify all economic activity into twenty industry sectors. Five sectors are mainly goods-producing sectors and fifteen are entirely services-producing sectors. This six digit hierarchical structure allows greater coding flexibility than the four digit structure of the Standard Industrial Classification (SIC) system. NAICS allows for the identification of 1,170 industries compared to the 1,004 found in the SIC.


What are the Benefits as a Buyer?

The benefits are listed as follows:

  • Diveristy Directory
  • eProcurement Tools
  • Cost Savings
  • RFP/RFQ bidding
  • Compliance support
  • Discounts & Incentives

Newsletter

Subscribe to our newsletter to receive our latest news and updates. We do not spam.

Copyright © 2018 - 2021. eLynx365. All rights reserved.