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:
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Terri Danielson is a dedicated Real Estate professional determined to be helping you get the best price for your current and your future home. She is an experienced listing and selling agent for traditional, REO, HUD owned, and short sale properties. Terri has more than 36 years of experience in facilitating clients in selling their homes and assisting buyers of all levels find their starter home to their dream home. Terri dedicates herself to being the best and the brightest in her field. She attends every class, webinar and conference that is available to her in order to better herself in her business and extends that knowledge to her team, her clients and her fellow realtors.
Terri is a Buffalo, MN native giving her extensive knowledge of the area. She has a wealth of information about the local businesses, has a long-standing relationship with them, and she has an incredible relationship with the community.
Terri is not only an award-winning REALTOR® but also an award-winning Arabian horse breeder. She and her husband have been showing and breeding horses for more than 25 years. They have bred national caliber horses and have sold horses internationally. This is a passion that she shares with her family and her community.
Terri is also a proud mom of a son who also chose a career in real estate. She enjoys many things in her spare time such as spending time with the family, boating, going to their cabin, watching football and attending horse shows. One more fact about Terri: she is also a breast cancer survivor!
Coverage Area
Minnesota counties, including but not limited to: Crow Wing, St. Louis, Todd, Pope, Stearns, Sherburne, Meeker, Wright, LeSeuer, Carver, McLeod, Anoka, Ramsey, Scott and Kandiyohi
Technology
RIO genesis, MLS, CRM systems, MLS and many other REO and Real Estate platforms.