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How to Register Your Foreclosure Cleanup Business for Government Contracts

 
Fellow Foreclosure Cleanup Business Owners,
 
In this issue we will discuss the following:
 
How to Register Your Foreclosure Cleanup Business with HUD and Other Government Contracting Agencies for Vendor Contracts
 
(Don't forget to peek at the Golden Nuggets at the end of this newsletter. Only you as a Premium Subscriber can see this information.)
 
The government is giving out billions in federal contracts. Learn why you should register your foreclosure cleanup business with HUD and other government contracting agencies.

 

The Department of Housing and Urban Development ("HUD") is the Federal agency that is ultimately responsible for national policies and programs that address America's housing needs. By its very nature, HUD purchases a great number of products and services from small business vendors throughout the country.

Federal Government Spends Big on Small Business Contracts

The Federal government, in general, is a huge spender when it comes to procuring goods and services from small businesses. And with the advent of a foreclosure-ridden real estate market, property preservation companies and foreclosure cleanup businesses are perfectly poised to take advantage of government contracting opportunities.

Government Pays Out Billions to Small Business Vendors

Take a look at some staggering figures below. The list shows the top 15 states where federal contracts were awarded to small businesses. The amount spent on small business awards is in the billions of dollars:

  1. Texas: $60.5 Billion
  2. Virginia: $52.6 Billion
  3. California: $50.9 Billion
  4. Maryland: $26.2 Billion
  5. Pennsylvania: $17.6 Billion
  6. District of Columbia: $16.6 Billion
  7. Florida: $15.9 Billion
  8. Missouri: $14.3 Billion
  9. Arizona: $13.7 Billion
  10. Massachusetts: $13.1 Billion
  11. New York: $12.7 Billion
  12. Connecticut: $12.7 Billion
  13. Illinois: $12.3 Billion
  14. Georgia: $10.9 Billion
  15. Washington: $10.2 Billion

Source: Federal Spending via FPDS, Fiscal Year 2008

Registration is Key to Getting Government Contracts

If your business is not registered with HUD and other federal agencies, you are missing a big piece of the income pie for your small business. Proper database registration is the key to getting government contracts.

There are several formal databases that various government agencies access for contract procurement purposes; but, there are a few databases in which a small business must be registered to participate in procurement opportunities.

Once you are properly registered in HUD and other federal databases, your small business' contact information will be accessible by all federal agencies who seek out small businesses for contract purposes.

License and Insurance Requirements

You will need to be properly licensed and insured to do business with HUD and any area of the government, so make sure you have registered your foreclosure cleanup business with your county and that you have obtained necessary liability insurance for your business, as well as any other insurance you may need, based on your foreclosure cleanup business' services.

Have You Secured an EIN?

You will also need to have your business affairs in order when it comes to tax reporting procedures (i.e., have you secured an EIN?).

An EIN (Employer Identification Number) is also known as a Federal Tax Identification Number. This number is used to identify your business entity. Getting an Employer Identification is a free service offered by the IRS and can be obtained rather quickly.

Dun & Bradstreet Number

You will also need a Dun & Bradstreet (D&B) number as part of the registration process. Dun & Bradstreet provides the D-U-N-S Number, which is simply a unique nine digit identification number for each physical location of your business. D-U-N-S Number assignment is free and is required to register your business with the federal government for contracts.

Easy Electronic Registration

Many registration opportunities exist online, so you can start your registration process quickly. Also, don't discount registering with your local housing authorities for small business contracting opportunities. Many housing authorities have electronic registration options via their housing authority websites as well.

Stimulus Money Abound!

Stimulus money is now all over the place for small businesses seeking to take advantage of it. Good luck in registering your foreclosure cleanup business for government contracting opportunities.

Read more blog posts at this link: How to Start a Foreclosure Cleanup Business: FREE Articles & Advice.

Cassandra
 
Failed Banks Listed by Month
 
Visit this link to see which banks closed in which month. (Remember, the acquiring institutions of failed banks can be fertile ground for foreclosure cleanup businesses.)
 
 
*****Golden Nuggets***** 
 
 

Golden Nugget for Premium Newsletter Subscribers!

 

Get Your EIN Today: 

http://www.irs.gov/businesses/small/article/0,,id=97860,00.html.  

 

Tip: To locate your County Clerk's Office, GOOGLE phrases like "Your County Name" and County Clerk; or "Your City Name" and "County Clerk".

 
Business Rules for Your State:  To find out rules, regulations, business registration and filing requirements in your state for doing business, visit this government link and find your state:

D-U-N-S Number Tip: Don't "pay" for a D-U-N-S Number! Some companies charge $149 and up when they box it with other services. Getting your number is free, free, free if you are signing up as a vendor on government contract registration websites.
 
  
Business Insurance Nugget
We've given this nugget before, but we get so many queries on insurance, we thought we'd leave it for you here again:
 

Need Biz insurance? Easiest to get insured under Janitorial/Maintenance Heading (which means you can only offer those services).  Insurance is reasonable thru companies like Hartford -- but you'll likely have to go through a local insurance broker like an Allstate Rep. to get to them.

 

Get FREE Business Cards:

Free Business Cards

_____

Products to Grow Your Business
 
 
 
 
 
 

How to Market Your Foreclosure Cleanup Business: A Step-by-Step, Shoestring Marketing Guide for Foreclosure Cleaning Business Owners

 
Blogs of Interest
 
 
Challenge: 
Sign up as a vendor with two Housing Authority offices in your county.
 
Products to Grow Your Biz
 
 
 
 

How to Market Your Foreclosure Cleanup Business: A Step-by-Step, Shoestring Marketing Guide for Foreclosure Cleaning Business Owners

How to Start a Foreclosure Cleanup Business eBook

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by Foreclosure Cleanup, LLC 
 
Challenge: 
Get your D-U-N-S Number.  It's free if you're
signing up as a government vendor. 

# # #

Newsletter by Cassandra Black, Author of How to Start a Foreclosure Cleanup Business and several foreclosure cleanup industry Guides, Reports and Forms. Sign up as a Premium Newsletter Subscriber. You will periodically receive foreclosure clean-up job leads and consultative advice to help you grow your foreclosure cleanup business!

For more industry information, visit the foreclosure cleanup blog and the foreclosure cleaning newsletter archive.

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