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This document is used to certify that a small business is not required to be reported as an investment on the FAFSA, confirming ownership and control by the student or their parents.
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How to fill out small business affirmation statement

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How to fill out Small Business Affirmation Statement

01
Obtain a Small Business Affirmation Statement form from your local business authority or online.
02
Fill out your business name at the top of the form.
03
Provide your business address, including city, state, and zip code.
04
Include the name of the owner or authorized representative.
05
Indicate the type of business entity (e.g., sole proprietorship, partnership, corporation).
06
Specify the business's federal tax identification number (EIN).
07
Provide details regarding the nature of your business operations.
08
Sign and date the form to affirm the accuracy of the information.
09
Submit the form to the appropriate authority as directed on the form.

Who needs Small Business Affirmation Statement?

01
Small Business Owners looking to affirm their business status.
02
Entrepreneurs seeking to apply for grants or contracts that require proof of business legitimacy.
03
Businesses aiming to secure loans from financial institutions.
04
State and local government agencies that require a declaration for compliance purposes.
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The Small Business Affirmation Statement is a document that affirms the status of a business as a small business, often required to demonstrate eligibility for certain programs, grants, or contracts.
Businesses that wish to apply for specific federal, state, or local programs designed for small businesses, as well as those seeking assistance or advantages in contracts or grants, are typically required to file a Small Business Affirmation Statement.
To fill out a Small Business Affirmation Statement, you generally need to provide business information such as the business name, address, type of business, number of employees, annual revenue, and certifications that affirm its status as a small business.
The purpose of the Small Business Affirmation Statement is to verify that a business meets the criteria for being classified as a small business, which can be essential for accessing certain resources, grants, or contract opportunities that support small enterprises.
Information typically reported on a Small Business Affirmation Statement includes business identification details, ownership status, number of employees, annual revenue, and any relevant certifications or designations.
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