Strengthening hundreds of 8(a) small businesses
For a five-year period TCG had a master contract with the SBA to provide all types of consulting services to firms in the West Region that requested assistance. Over 250 small businesses received accounting, business plan, loan packaging, strategic planning, operational analysis or marketing services from TCG under this contract.
History has shown that over 50% of small businesses fail in the first three years of operations. The SBA was particularly concerned about businesses it admitted into its Section 8(a) program — designed to assist disadvantaged businesses with the potential to grow — yet many firms continued to struggle. The SBA issued an RFP to contract with a seasoned consulting firm under its 7(j) allotments.
Under this contract TCG assessed the needs of each small business in the SBA 8(a) program and provided a variety of consulting services tailored to each firm. We employed a unique assessment tool to identify each firm's needs and worked with the various SBA portfolio managers who issued task orders to TCG.
The success rate within the SBA 8(a) program improved, resulting in continuous employment for small businesses across California, Nevada, and Arizona. Many of the 8(a) firms achieved over 300% revenue growth during the time TCG provided consulting services.
