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.
Broker, Owner and REO Specialist. 3rd Party Certified Woman Owned. Christy "Cj" Pace has been managing assets for disposition since 2004. A few of her clients are HUD, VA, USDA, VRM, Dakota, PennyMac, Hedge Funds and Investors. She has sold over $100 million in assets.
She has a successful Short Sale Team in place.
She is also a Certified Trainer for Tennessee teaching Realtors on HUD, REO and Short Sale transactions for continuing education.
For detailed stats or resume feel free to contact at firstname.lastname@example.org.
Please visit our website at www.PPAM.RealEstate
We look forward to working with you.
Short Sale Transactions from list to close
Cash for Keys (CFK)
Broker Price Opinions (BPO)
Real Estate Owned Disposition (REO Disposition)
Manage repairs and maintenance
Oversee Preservation Needs
Oversee Closing of Transactions
COUNTIES IN TENNESSEE:
Knox, Anderson, Blount, Roane, Loudon, Meigs
Can expand to other areas if client needs us to.
Lap Top Computer
Desk Top Computers
Fire Wall Systems
VOIP Phone Systems
360 Virtual Tour Equipment
DropBox File Sharing System