Who needs an SBA 355 form?
This form is used by the owner of the small business who wants to determine the size of the business for receiving assistance under any small business program administered by the Small Business Administration.
What is the purpose of the SBA 355 form?
This application for a small business size determination is used to receive the surety bond, business loan, certificate of competency and other types of assistance. The information provided in the form is used by the Small Business Administration to determine the size.
What documents must accompany the SBA 355 form?
As a rule, this form is not accompanied by other documents. If a small business company is represented by non-employees, they must provide the letter of authorization.
How long does it take to fill the form out?
The estimated time for filling out the form is 4 hours. The form is completed when the business owner wants to apply for a certain assistance program.
What information should be provided in the SBA 355 form?
The application consists of 6 parts. The business owner has to complete each of them:
Part I — Information relating to business: name and address of the business; name, address, contacts of the authorized person; country of registration; type of the document the applicant needs; date of establishing the business; major business products and services; name and address of the owner, partners, principal stockholders; name and address of all officers of business; name and address of the members of the Board of Directors
Part II — Information relating to employee-based size standards
Part III — Information relating to revenue-based size standards
Part IV — Information about the affiliates
Part V — Information about alleged, acknowledged or possible affiliates of business
The authorized person also has to sign and date the certification.
What do I do with the form after its completion?
Once the form is filled out, it’s forwarded to the US Small Business Administration.