There are many things to know about responding to size protests. One could probably fill a book with the information. But if you need to know just the basics, here are five things you should know about size protests that can help you be prepared if your company is facing a size protest.
1. The response time is short.
Normally, your company only gets three business days to respond. So, be sure to work quickly to put together as much information as possible in that short amount of time to respond to the size protest allegations and any additional questions from SBA, while also completing the Form 355. It’s also a good idea to have these records (such as tax returns or employee count documents) handy so that you can respond quickly.
2. But you can ask for an extension.
The SBA Area Office will often grant an extension and allow you to submit your response electronically. Indeed, the SBA’s rules state that SBA may grant an extension. It used to be that the SBA Area Office would require a paper copy of the response, but many Area Offices will accept submission by electronic means. Regardless, be sure to reach out to the Area office as soon as possible to request a specific extension and to confirm that electronic submission is allowed. While not required, the Area Office will often grant these short extension requests.
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