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SBE Program

What are the criteria for SBE certification?

Eligibility requirements for verification as a SBE are stated in 49 CFR Part 26.39.

The following six requirements must be proved by a SBE applicant, but they do not cover all the requirements found in 49 CFR Part 26.39.

Economic Disadvantage:
A disadvantaged owner must be a U.S. Citizen (or legal resident) and meet the federal definition of economically disadvantaged as defined in 49 CFR Part 26.67 or any individual found to be economically disadvantaged on a case-by-case basis.

Personal Net Worth:
Only disadvantaged persons having a personal net worth (PNW) of less than $1,320,000 can be considered for SBE verification. Items excluded from a person's net worth calculations include an individual's ownership interest in the applicant firm and his or her equity in their primary residence.

Business Size Standard:
A firm (including affiliates) must be a small business as defined by the Small Business Administration (SBA). It must not have annual gross receipts over $23,980,000 in the previous three years. Depending on the type of work the business performs, other size standards may apply.

Ownership:
Must be a for-profit small business concern whose economically disadvantaged individuals own at least 51% interest, control management AND daily business operations.

Independence:
The business must not be affiliated with another firm in such a way as to compromise its independence and control. These include, but are not limited to, such areas as personnel, facilities, equipment, financial and/or bonding support, and other resources.

Management and Control:
The economically disadvantaged owner(s) must possess the power to direct or cause the direction of the management and polices of the firm and to make day-to-day decisions, as well as long-term decisions on matters of management, policy and operation

If you have questions regarding your the SBE Program, please contact the DBE Department at (847) 228-4257 email us at dbeinfo@pacebus.com

 

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