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Welcome Potential Suppliers:

Diverse Business Types

The diverse market of the Cadence Bank DEI Supplier Diversity program includes businesses owned by women, minorities, LGBTQ and veterans. The following business types are included in the Supplier Diversity Program.

Minority Business Enterprise (MBE)

 

Supplier diversity is a key aspect of Cadence Bancorporation’s commitment to supporting and developing diversity equity and inclusion. Cadence Bancorporation strategically sources procurement opportunities to help expand innovation, increase economic sustainability in our communities and gain efficiencies in our day-to-day dealings with suppliers.

 

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Disadvantaged Business Enterprise (DBE)

 

A business that is at least 51% owned by an individual(s) who the federal government considers to be socially and economically disadvantaged, that has its management and daily operation controlled by such an individual(s), and whose owner(s) net worth, excluding equity in the business and primary residence, does not exceed $750,000. Black Americans, Hispanic Americans, Native Americans, Asian-Pacific Americans, Subcontinent-Asian Americans, as well as any others who believe they are socially and economically disadvantaged may qualify. The federal government requires that companies claiming Small Disadvantaged Business status must be certified by the U.S. Small Business Administration.

 

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Women-Owned Business Enterprise (WBE)

 

A business that is at least 51% owned by one or more women, and whose management and daily operations are controlled by one or more women. In the case of publicly owned businesses, at least 51% of the stock must be owned by non-minority women.

 

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Veteran Owned Business

 

A business that is at least 51% owned by one or more veterans or, in the case of any publicly owned business, not less than 51% of the stock of which is owned by one or more veterans and the management and daily business operations of which are controlled by one or more veterans.

 

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Service-Disabled Veteran Owned Business

 

Is a business that is at least 51% owned by one or more service-disabled veterans or, in the case of any publicly owned business, not less than 51% of the stock of which is owned by one or more service-disabled veterans, and the management and daily business operations of which are controlled by one or more service-disabled veterans or in the case of a permanent and severe disability, the spouse or permanent caregiver of such veteran.

 

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Small Business Enterprise (SBE)

 

An SBE is a Small Business Enterprise that meets specific race-neutral ownership and economic criteria established by State and Federal guidelines. SBE eligibility requirements vary among contracting agencies depending on the funding source used on their projects. Projects that are federally funded require SBE certification standards as defined by the United States Small Business Administration (SBA).

 

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Woman Owned Small Business (WOSB)

 

Is a company level diversity certification based on requirements defined by the Small Business Administration (SBA)? The purpose of the WOSB program is to ensure that woman owned small businesses have equal opportunity to federal contracting.

 

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Historically Underutilized Business (HUBZone)

 

Is a United States Small Business Administration program for small companies that operate and employ people in Historically Under-utilized Business Zones? The HUBZone program was created in response to the HUBZone Empowerment Act created by the US Congress in 1998.

 

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Lesbian, Gay, Bisexual, Transgender Business (LGBT)

 

Is defined as majority (at least 51%) owned, operated, managed, and controlled by an LGBT person or persons who are either U.S. citizens or lawful permanent residents.

 

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Small Disadvantaged Business (SDE)

 

Is a small business that is at least 51 percent owned by one or more individuals who are both socially and economically disadvantaged? Businesses must be certified by the Small Business Administration (SBA) to qualify for SDA status.

 

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Disability Owned Business Enterprise (DBE)

 

Is a for-profit business that is at least 51% owned, managed and controlled by a person with a disability regardless of whether that business owner employs person(s) with a disability.

 

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Self-Certified Small Disadvantaged Business (Self-Certified SDB)

 

Is a business that is at least 51% owned by one or more individuals who are both socially and economically disadvantaged. Originally, businesses had to be certified by the SBA to qualify for SDB status. Since October 2008, companies have been able to self-certify.

 

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Economically Disadvantaged Women-Owned Business (ED-WOSB)

 

Is a small business concern that is at least 51% owned and controlled by one or more women who are U.S. citizens (born or naturalized) and who are economically disadvantaged.

 

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Historically Black Colleges and Universities (HBCU/Minority Institutions)

 

Is any institution of higher education that was established prior to 1964 and whose principal mission was and still is the education of Black Americans, and that is accredited by a nationally recognized accrediting agency or association determined by the Secretary [of Education] to be reliable authority as to the quality of training offered or is, according to such an agency or association, making reasonable progress toward accreditation.

 

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Alaskan Native Corporations and Native American Tribes (ANC/INDIAN TRIBES)

 

Is a small business owned and operated by Native Americans both Alaskan and Tribal? The SBA’s Office of Native American Affairs (ONAA) facilitates full access to business growth and expansion tools for small businesses owned by Native Americans. ONAA engages in tribal consultations, produces materials, and participates in national economic conferences.

 

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SBA small, disadvantaged business (8(a))

 

Is a business assistance program for small, disadvantaged businesses? The 8(a) program offers a broad scope of assistance to firms that are owned and controlled at least 51% by socially and economically disadvantaged individuals.

 

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