Depending on the nature of the business, there are several types of certifications available today. Common certifications include: minority business enterprise (MBE); women business enterprise (WBE); disadvantaged business enterprise (DBE); SBA 8(a); HUBzone; veteran-owned small business (VOSB); service disabled veteran-owned small business (SDVOSB); women-owned small business (WOSB); business enterprises-owned by people with disabilities (BEPD) and “small business.”
While each certification has different criteria, there are similar criteria for many. For instance, all companies must be at least 51-percent owned by a person or a group claiming the certification status.1 The 51-percent owner must have unfettered control of the company. For federal and DBE certifications, the company must be a “small business” as determined by the Small Business Administration (SBA). A federal SDVOSB requires the business be “small,” at least 51 percent owned and operated by one or more service-disabled veterans whose management and daily business operations are controlled by service-disabled veterans, and the disability be service connected. While a HUBzoned firm must also be “small,” the criteria includes the location of the business and home addresses of the firm’s employees. State corporate laws and licensing laws are also criteria used to review applications for certification. There are special criteria that must be met depending on the certification type. For instance, while a 51- percent owner must have a personal net worth under $750,000 for DBE certification, the SBA 8(a) certification requires that the 51-percent owner have a personal net worth under $250,000.
Federal, state and local government agencies also have different gross business receipts criteria for determining small business certification eligibility.More information for your convenience:
For more information on diversity designations and certifications, visit the following websites:
NOTES: Links to third-party sites are provided for your convenience. Such sites are not within our control and may not follow the same privacy, security, or accessibility standards as ours. Therefore, NRBA is not responsible for the security, content or availability of third-party sites, their partners, or advertisers.
I am an experienced, full-service real estate broker with more than 19 years experience in the industry. Specializing in the listing and handling of REO properties, as well as traditional buyer/seller representation, I have a proven track record assisting the banking, mortgage servicing and asset management industries with their REO inventory, from point of acquisition to sale. My exceptional skills with contract negotiation, attention to detail, and communication coupled with vast experience make me uniquely qualified to manage REO assets. I am a member of good standing with the National Association of Realtors, the New Orleans Metropolitan Association of Realtors, Louisiana Realtors, the NRBA, and REOMAC.
In my capacity as an REO broker, my priorities are loss mitigation, asset liquidation, working with and maintaining good working relationships with all parties including residents, vendors, and asset managers, as well as timely and accurate sales. My on-time completed task rate is over 99.5%.
We have specialized in the Louisiana Market including the following parishes since 2002: Lafourche, Livingston, Orleans, Jefferson, Plaquemines, Saint John the Baptist, Saint Bernard, Saint Charles, Saint James, Saint Tammany, Terrebonne, and Tangipahoa
In Mississippi, we specialize in Hancock, Harrison and Pearl River counties.
As of 2022, we also cover the entire states of Louisiana and Mississippi.