Secured Resolutions Achieves Federal HUBZone Certification

Buffalo, NY— Secured Resolutions announced today it has achieved Historically Underutilized Business Zone (HUBZone) certification through the U.S. Small Business Administration (SBA). The HUBZone program helps small businesses in urban and rural communities gain preferential access to Federal procurement opportunities. The program was enacted into law as part of the Small Business Reauthorization Act of 1997.

Secured Resolutions is now one of twenty-nine (29) HUBZone-certified small businesses listed at www.sam.gov under the NAICS code for debt collection (561440) with the capacity to collect Federal student loans and act as a contact center to communicate with borrowers.

The largest single Federal client for companies capable of servicing and collecting defaulted student loans remains The U.S. Department of Education (ED) and its prime contractors. Founded in 2012, Secured Resolutions has the ability to serve ED and its vendors, attributing its success in the industry to delivering excellent customer service and helping clients maintain positive and productive relationships with their clients.

Managing Director Laura Hirsch said both herself and Lisa True, company co-director, “were fortunate to begin our careers in small companies, which provided growth opportunities for us. We are where we are today as a result. We want to give back, and our HUBZone certification will help us do that by providing opportunities for Secured Resolutions, which creates jobs in Western New York.” Lisa True added, “We were very deliberate when we chose our office location. We are situated between Buffalo and Niagara Falls. We want to give the residents of both areas not just jobs, but an opportunity to grow their careers as we have.”

Secured Resolutions is a member of the Fed Cetera Network, a business development organization under 48 CFR 52.219-9.  In addition to its recent HUBZone certification, the company is a certified women-owned small business (WOSB), a program through the SBA which allows companies to compete for Federal contracts amongst other benefits.

Federal HUBZones are designated as such based on U.S. census data when an area has statistically proven economic needs, typically within depressed urban or rural communities. The U.S. Small Business Administration (SBA) certifies firms as HUBZone small businesses if they meet all of the eligibility requirements. For starters, the firm must be owned at least 51% by American citizens, with few exceptions. The firm’s principal office must be located with a HUBzone, and more than 35% of the firm’s employees must live in a HUBZone. These requirements are just the beginning of establishing a business as a HUBZone-certified concern.

Steve Thompson to HUBZone/SDVOSB with Capacity

Norristown, PA — Lien Enforcement, a Service-Disabled Veteran-Owned Small Business (SDVOSB) and current Federal subcontractor currently finalizing its HUBZone certification, has hired Steve Thompson to fill the role of Chief Operating Officer. Previously, Steve worked at Transworld Systems and its predecessor company NCO Financial Systems for fourteen years, progressing from a collector in 1998 to Director of Operations in 2009 and then finally Vice President of Operations for the last several years.

The company is growing at its site in Norristown, Pennsylvania, within the Greater Philadelphia area, which prompted the hire. “Steve has a great reputation in the industry and already has proven to be an asset for us,” stated CEO Keith Baker. “We look forward to putting his skills and expertise to work for other clients as we seek to fill our call center with large numbers of collectors in this labor market that have past experience on Federal contracts.”

“I am thrilled with the opportunity to partner with Keith, shaping the strategic direction of LEI, by applying my years of ED experience to drive a continuous cycle of performance excellence,” said Steve.

LEI is available to be named as an SDVOSB subcontractor by NextGen bidders for the solicitation scheduled to close in late July. LEI’s capabilities will be featured in a one-hour teleseminar to be held this Friday, July 21, 2019, by Fed Cetera.

Professional Placement Services, LLC Receives 2019 Best of Milwaukee Award

Milwaukee, WI — Professional Placement Services, LLC has been selected for the 2019 Best of Milwaukee Award in the Collection Agencies category by the Milwaukee Award Program.

Each year, the Milwaukee Award Program identifies companies that we believe have achieved exceptional marketing success in their local community and business category. These are local companies that enhance the positive image of small business through service to their customers and our community. These exceptional companies help make the Milwaukee area a great place to live, work and play.

Various sources of information were gathered and analyzed to choose the winners in each category. The 2019 Milwaukee Award Program focuses on quality, not quantity. Winners are determined based on the information gathered both internally by the Milwaukee Award Program and data provided by third parties.

About Milwaukee Award Program

The Milwaukee Award Program is an annual awards program honoring the achievements and accomplishments of local businesses throughout the Milwaukee area. Recognition is given to those companies that have shown the ability to use their best practices and implemented programs to generate competitive advantages and long-term value.

The Milwaukee Award Program was established to recognize the best of local businesses in our community. Our organization works exclusively with local business owners, trade groups, professional associations and other business advertising and marketing groups. Our mission is to recognize the small business community’s contributions to the U.S. economy.

Fed Cetera to Provide Free HUBZone Services to Members

Collingswood, NJ — The Fed Cetera Network, a business development organization under 48 CFR 52.219-9, will now offer members complimentary consulting and filing assistance services to apply for the U.S. Small Business Administration’s Historically Underutilized Business Zone (HUBZone) program. Fed Cetera will answer questions, assemble pertinent information, and submit initial applications on behalf of members.  Here’s a link where small businesses can contact Fed Cetera to inquire about joining the network.

Federal agencies have a goal of spending 3% of all contracting dollars with HUBZone-certified small businesses.  For example, The U.S. Department of Treasury has met its HUBZone prime spending goals every year since Federal Fiscal Year 2011, while the U.S. Department of Education has never met any prime spending goals for the HUBZone category since this small business contracting data has been publicly available through Federal Fiscal Year 2017, the last year for which data is available.  Check out links to SBA scorecards on these Federal agencies on the Resources page of Fed Cetera’s website.

A HUBZone program applicant must:

  • Be a small business.
  • Be at least 51% owned and controlled by U.S. citizens, a Community Development Corporation, an agricultural cooperative, a Native Hawaiian organization, or an Indian tribe.
  • Have its principal office located in a HUBZone. (The Resources page of the Fed Cetera website includes a link to the look up tool.)
  • Have at least 35 percent of its employees live in any HUBZone.

“We have seen an increased interest in this program, so we are responding to our members’ needs in this important area,” states Leah Wilson Conger, the organization’s co-operator. “We look forward to adding to our already-impressive roster of the most qualified HUBZone-certified small businesses available to Federal agencies and prime contractors with default collection needs.”

The Fed Cetera Network is a one-stop shop for Federal contractors, including United States Department of Education (ED) PCA contractors, to easily find pre-qualified potential subcontractors, protégés, and joint venture partners who have the wherewithal to implement Federal subcontracts successfully.  The Fed Cetera Network has helped dozens of small businesses pursue and receive Federal subcontracts over the years, and has helped multiple small businesses find and gain approval for mentorships under the SBA All-Small Mentor-Protégé Program. Fed Cetera hopes to provide even more opportunities to its members by assisting them in the HUBZone certification process.

About Fed Cetera
Fed Cetera is a “business development organization” under 48 CFR 52.219-9 that PCAs contact when subcontracting opportunities are available in order to be fully compliant with Federal regulations requiring outreach to various sources of potential subcontractors.  The company maintains a source list of qualified small collection firms, regularly markets to the PCA community, and provides advisory services around business development and compliance to firms operating in the federal market place.

HS Financial Group Achieves Federal SDVOSB Certification

Cleveland, OH — HS Financial Group, LLC, today announced it has achieved Service Disabled Veteran-Owned Small Business (SDVOSB) certification through the U.S. Department of Veterans Affairs (VA), Center for Verification and Evaluation (CVE) and has been added to the VA’s Vendor Information Pages (VIP).

The VA’s Vets First Verification Program is a result of The Veterans Benefits, Health Care, and Information Technology Act of 2006 (Public Law 109-461). The CVE verifies SDVOSBs/VOSBs according to the tenets found in Title 38 Code of Federal Regulations (CFR) Part 74 that address Veteran eligibility, ownership, and control. In order to qualify for participation in the Veterans First Contracting Program, eligible SDVOSBs/VOSBs must first be verified.

Due to Federal programs encouraging small business utilization and SDVOSB participation in procurements, HS Financial has emerged over the last several years as a leading small business subcontractor on Federal contracts related to default collection and other student loan business processes.  With this certification, HS Financial is the SDVOSB with the most experience among a small but growing cohort of such firms. There are currently forty-six (46) small businesses listed at www.sam.gov as SDVOSBs under the NAICS code for debt collection (561440).

“We are pleased to offer our experience along with this certification to any firm(s) interested in subcontracting and other opportunities,” stated disabled veteran owner Tim Sullivan, Esq., continuing, “We have the capacity to expand greatly to assist any firm with small business and SDVSOB spending goals in a fully compliant manner that maximizes results.”

To be eligible to be a SDVOSB, the following criteria must be met:

  • The Service Disabled Veteran (SDV) must have a service-connected disability as determined by the VA or Department of Defense (DoD).
  • The business must be small under its primary NAICS code.
  • One or more SDVs must hold the highest officer position, must unconditionally own 51% of the business, and must control its management, long-term decision making, and daily operations.
  • SDV ownership must be direct ownership.

HS Financial is a member of the Fed Cetera Network, a business development organization under 48 CFR 52.219-9.  “The small business market in Federal contracting is changing generally as is the SDVOSB market specifically,” stated Nick Bernardo, co-operator of the organization.  “We are pleased to offer Federal buyers and contractors the best options for small business utilization and SDVSOBs specifically, particularly one as experienced and well respected as HS Financial.”

About HS Financial

HS Financial Group, LLC, is a Service Disabled Veteran-Owned Small Business founded in 2000 by Timothy M. Sullivan, Esq., and is located in Cleveland, Ohio. HS Financial Group focuses on consumer, government, education, and commercial collections and currently has over a billion dollars of receivables under management. The organization employs an extensive staff including collection professionals, attorneys, and support personnel united by a singular mission of partnering with clients in the management and liquidation of their delinquent receivables. With its knowledgeable and seasoned team of empowered professionals, utilizing state-of-the-art infrastructure and technology, HS Financial Group strives to develop custom-tailored, secure and efficient collection solutions for each client and deliver professional recovery results achieved through its core values of professionalism, ethics, and excellence. To learn more about HS Financial Group and its Accounts Receivable Management program and capabilities, please visit our website at www.hsfgroup.net.

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LoanWise Achieves Federal HUBZone Certification

National City, CALoanWise announced today that it has achieved Historically Underutilized Business Zone (HUBZone) certification through the U.S. Small Business Administration (SBA). The HUBZone program helps small businesses in urban and rural communities gain preferential access to Federal procurement opportunities. The program was enacted into law as part of the Small Business Reauthorization Act of 1997.

Due to Federal programs encouraging small business utilization and HUBZone participation in procurements, LoanWise is just one of many HUBZone-certified small businesses with the capacity to collect Federal student loans.  There are currently thirty-two (32) small businesses listed at www.sam.gov as HUBZone-certified under the NAICS code for debt collection (561440).

The largest single Federal client for private collection agencies (PCAs) remains The U.S. Department of Education (ED). LoanWise has remained a subcontractor on the ED PCA contracts since 2008, performing for multiple PCAs in that time. LoanWise attributes its multiple successes as an ED subcontractor to continued top-of-the-line training, excellent employee benefits, and generous compliance and production bonuses.  The company is also certified as a woman-owned small business (WOSB). The San Diego labor market is an up-and-coming one for Federal subcontractors, and LoanWise has the capacity to add additional Federal subcontracts to its client roster.

“We are pleased that the SBA has seen fit to grant us this designation,” said Carol Patry, owner of the company, continuing, “We are anxious to provide additional employment opportunities to people in our area as we help PCAs absorb additional volumes from Federal agencies.”

LoanWise is a member of the Fed Cetera Network, a business development organization under 48 CFR 52.219-9.  As a small business, LoanWise qualifies for the SBA’s All Small Mentor Protégé Program (ASMPP).  Fed Cetera will hold a teleseminar at 11AM EST on October 4, 2018, on the ASMPP program.  Here is where you can sign up to attend.

Federal HUBZones are designated as such based on U.S. census data when an area has statistically proven economic needs, typically within depressed urban or rural communities. The U.S. Small Business Administration (SBA) certifies firms as HUBZone small businesses if they meet all of the eligibility requirements. For starters, the firm must be owned at least 51% by American citizens, with few exceptions.  The firm’s principal office must be located with a HUBzone, and more than 35% of the firm’s employees must live in a HUBZone. These requirements are just the beginning of establishing a business as a HUBZone-certified concern.

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