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.
With over 25 year in REO experience. We are experts in the REO and default industry. My team and I have the complete REO experience from assignment to close. Some of my experience includes: non-performing assets with pre-foreclosure inspections, Cash for keys, HUD sales, USDA, detailed and accurate BPO's, auction, evictions all the way through the sale and flip experience with the management of multiple crews and remodel projects including ADU's, with financial capacity to carry most remodel jobs for reimbursements.
I was born born and raised in Los Angeles, CA. No one knows SO Cal better then me. We cover a large territory with several team members in several offices. I decided to become a Licensed Broker long ago. I enjoy what I do. I have sold hundreds of properties including many REO listings and retail buyers.
We know what it takes to get a home sold fast and efficient. We want to be your eyes and ears on the ground. Experience with all or most REO platforms including Pyramid, Equator, Bid on Homes, Res.Net, Exceleras, Aspen, LPS and many others.
We offer a a wide array of services in the REO Industry. Including: 24 inspections, accurate BPO's interior and exterior, Cash For Keys success rate of 95%, extensive social media marketing, Security detail, property preservation, dealing with evictions, code violation resolutions, we have capacity to repair a property ($100k + reserves) We professionally manage property, we can collect rents as I hold a property management license, trashouts, we have home flipping and development experience, SB8 experience, ADU experience, have local political contacts, experience pulling permits, vacant property registration, Auction experience, probate sales, short sale experience, familiar with mortgage loans (hold NMLS #1373959 license.) lastly will gather accurate competitive bids and also have contractor crews ready to work that offer great prices for whatever type of work we need to make home eligible for all finance types.
We cover all of Southern California and surrounding counties including: LA, San Bernardino, Riverside, Ventura, Orange, Kern and parts of Fresno.
We use RIO genesis, MLS, CRM systems, MLS and many other REO and Real Estate platforms. Also, we perform Matterport on most of our listings, drone shots, professional edited photography, videos with iPhone 12 + and time stamped photos on all reports.