The SBA has determined that the President’s declaration of a National Emergency Concerning the Novel Coronavirus Disease (COVID-19) Outbreak on March 13, 2020 constitutes a nationwide federal disaster declaration for the purposes of SBA’s 8(a) program. Because of that, the SBA is empowered to invoke the 8(a) Business Development Program’s voluntary suspension procedures.
The disaster voluntary suspension authority was implemented to allow affected firms to recover and continue to take full advantage of the 8(a) Business Development Program once they have done so. Consider a voluntary suspension only if your business is severely paralyzed and can no longer operate due to COVID-19.
Under this procedure, any 8(a) Participant may elect to suspend its participation in the program for a period of up to one year from the date of the disaster declaration (March 13, 2020 through March 12, 2021).
Read more about your options in the following link: https://www.sba.gov/sites/default/files/2020-06/Contracting-Guidance-508.pdf