Philadelphia, PA — Revenue Collection Bureau, Inc. (RCB), based in Philadelphia, PA, today announced 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.
The largest single Federal client for collection agencies remains The U.S. Department of Education (ED). ED has, since the beginning of its current procurement going back to early 2013, repeatedly indicated its desire for Private Collection Agencies (PCAs) working on future task orders to subcontract a portion of the work to HUBZone-certified businesses. The most recent goals published by ED in documents found at www.mygovwatch.com related to the current procurement indicate a preference that 3% of the work be subcontracted to such firms. ED PCAs are expected to bill the government $1 billion in fees per year once contracts are awarded, meaning upwards of $30 million in annual revenue may be subcontracted to HUBZone-certified firms at some point in the future.
Philadelphia is a known ED labor market. RCB, already an established government contractor in its own right, operates from a building the principals own, with expansion possible.
Asuncion “Mike” Munoz, President, stated, “With this HUBZone certification, along with our other resources and capabilities, RCB hopes to expand its service delivery to a larger customer base within the debt collection industry.”
RCB works with Fed Cetera (http://www.netgain4results.com/net-gain-marketing/b2g/federal-subcontracting) to seek Federal subcontracting opportunities. Fed Cetera has a network of dozens of pre-qualified companies PCAs can hire to meet subcontracting goals, including those in all specially-designated socioeconomic groups.
RCB is a one-stop debt collection organization that utilizes a mix of strategies tailored to specific client debt portfolios. From our efficient call center operations to highly skilled personnel, and our strict compliance with debt collection rules and regulations, our process offers optimum collection results. RCB is a Federal HUBZone-certified and Philadelphia minority-certified company with multilingual capacity and a thorough understanding of the many factors relevant to delinquent debt problems and solutions.