What does it mean to be “terminated from the 8(a) BD Program?
The term “terminate” is used to refer to a Participant’s exit from the 8(a) BD Program prior to the expiration of its program term for good cause. Examples of good cause include, but are not limited to the following: 1. Submission of false information in the concern’s 8(a) BD application, regardless of whether correct information would have caused the concern to be denied admission to the program, and regardless of whether correct information was given to SBA in accompanying documents or by other means. 2. Failure by the concern to maintain its eligibility for program participation. 3. Failure by the concern for any reason, including the death of an individual upon whom eligibility was based, to maintain ownership, full-time day-to-day management, and control by disadvantaged individuals. 4. Failure by the concern to obtain prior written approval from SBA for any changes in ownership or business structure, management, or control. 5. Failure by the concern to disclose to SBA the extent
