ORIGINFORMSTUDIO.COM – SBA Form 1623 – Certification Regarding Debarment, Suspension, and Other Responsibility Matters Primary Covered Transactions – The SBA Form 1623 is an important document for business owners and contractors to be aware of as it relates to their professional responsibilities. As a part of the Small Business Administration (SBA), this form certifies that all parties involved in a primary covered transaction meet the standards of responsibility set forth by the federal government. It is intended to ensure that businesses are free from any debarment, suspension, or other legal issues which could compromise their ability to conduct business with the government. The form also outlines what must be done if any of these matters arise during a transaction.
Download SBA Form 1623 – Certification Regarding Debarment, Suspension, and Other Responsibility Matters Primary Covered Transactions
|Form Number||SBA Form 1623|
|Form Title||Certification Regarding Debarment, Suspension, and Other Responsibility Matters Primary Covered Transactions|
|File Size||48 KB|
|Form By||SBA Forms|
What is an SBA Form 1623?
The Small Business Administration (SBA) Form 1623 is a certification form that must be completed by any contractor or subcontractor applying for an SBA loan. This form is used to certify that the individual or company has not been suspended, debarred, proposed for debarment, declared ineligible, or otherwise excluded from participating in federal government programs. It also requires potential participants to show that they have not been convicted of fraud or any other criminal offense related to their business dealings with the U.S government.
By signing and filing this form, applicants are assuring the SBA and other governmental agencies of their compliance with applicable rules and regulations. By certifying that they meet all necessary requirements for participation in federal procurement activities, contractors can help ensure eligibility for federal contracts and grants into the future.
What is the Purpose of SBA Form 1623?
The Small Business Administration (SBA) Form 1623 is an important document for those seeking to do business with the federal government. This form serves as a certification that the applicant has not been suspended, debarred, or otherwise restricted from participating in any federal contracts or programs. It also ensures that all parties involved are compliant with all applicable laws and regulations.
The purpose of SBA Form 1623 is to protect both the government and potential business partners. The certification acts as a promise by the applicant that they have reviewed their past performance under any relevant contracts or agreements, and are in compliance with all applicable laws and regulations. Additionally, it serves to notify contracting officers of any current suspensions or debarments so that they can make informed decisions about who they allow to participate in their programs and contracts.
Where Can I Find an SBA Form 1623?
The Small Business Administration (SBA) Form 1623 is an important document for small business owners. This form is used to certify that the business owner and all of their principals have not been debarred or suspended from participating in Federal programs, or found responsible for certain types of debarment-related misconduct. The SBA Form 1623 must be completed and submitted with any application for a loan from the SBA.
The SBA Form 1623 can be obtained through the SBA website. It can also be downloaded directly from the SBA online forms library. Alternatively, it may be obtained by contacting a local Small Business Development Center (SBDC). An SBDC representative will provide assistance in completing and filing the form as required by law.
SBA Form 1623 – Certification Regarding Debarment, Suspension, and Other Responsibility Matters Primary Covered Transactions
The Small Business Administration (SBA) requires all potential borrowers and participating lenders to complete the SBA Form 1623 – Certification Regarding Debarment, Suspension, and Other Responsibility Matters Prim. This form must be signed by all parties involved in any government-backed loan or contract with a small business. The purpose of this form is to ensure that those involved are not currently debarred from taking part in federal contracts or other activities related to federal funding.
The form outlines the conditions under which an individual may become ineligible for consideration for a contract or loan with the SBA due to various circumstances such as criminal convictions, labor disputes, defaulting on previous loans or contracts, etc. It also states that each person signing the document certifies that they are not currently debarred from participating in government-funded projects and activities.