Veteran-Owned Firms Sought to Collect Federal Student Loans

Collingswood, NJ: Fed Cetera has announced it is seeking veteran-owned, small-business collection agencies to respond to a Request for Information (RFI) to compete for new business collecting Federal student loans in 2015 and beyond. Such firms may be selected to work as Federal subcontractors on United States Department of Education (ED) Private Collection Agency (PCA) contracts, which paid PCAs more than $1 billion in collection fees during Federal fiscal year 2014 and has incentives for prime PCAs to subcontract to small businesses of various types, including service-disabled, veteran-owned small businesses (SDVOSBs).

Click here to request a copy of the RFI.

http://www.netgain4results.com/net-gain-marketing/b2g/federal-subcontracting

“We are pleased to invite veterans who own and operate collection agencies to contact us for help determining if they can qualify to meet SDVOSB requirements,” said Nick Bernardo of Fed Cetera, continuing, “The disabled-veteran owner or owners must be able to unilaterally make all long-term decisions for the business and run the business on a daily basis.”

In order to claim your business as an SDVOSB for Federal contracting and subcontracting opportunities, your firm must first be a small business, generating under $15 million in average billings for the last three completed fiscal years, and be unaffiliated with any other combination of businesses that would cause the combined businesses to exceed the threshold.

Subcontractors working on the PCA contract as a result of their relationship with Fed Cetera have historically earned $100,000 to $750,000 per month per subcontract in fees and just under $50 million to date for their efforts on this long-term initiative.

As reported on ED procurement documents posted on www.mygovwatch.com, the procurement for PCAs that began in 2013 places greater emphasis than ever before on the need for PCAs to subcontract accounts to small businesses.  A set aside contract awarded to eleven small businesses in late September of last year requires, for the first time, even those small businesses to farm out some of the work to other small businesses.

About Fed Cetera
Fed Cetera helps companies in the collection industry pursue opportunities with the Federal government.  Federal PCAs have strong incentives to give a portion of their work to qualified small businesses.  Companies working with Fed Cetera to pursue subcontracting opportunities in 2015 will surpass $50,000,000 in total billings for their work provided as subcontractors to ED PCAs. Click here to learn more. http://www.netgain4results.com/net-gain-marketing/b2g/federal-subcontracting