Bid Title: Business Loan & Microenterprise Program Portfolio Management
Category: Requests for Proposals
Status: Awarded
Bid Recipient: Arcata Economic Development Corporation

Description:
Request RFP Packet Download

CITY OF ARCATA
NOTICE TO BIDDERS
BUSINESS LOAN PROGRAM AND MICROENTERPRISE PROGRAM
PORTFOLIO MANAGEMENT
REQUEST FOR PROPOSALS (RFP)

The City of Arcata is seeking proposals from financial management and other qualified firms to enter into a multi-year agreement up to three years to provide loan underwriting, servicing, and monitoring services for business loans and microenterprise loans and grants issued through the Community Development Department. The business loan program and microenterprise financial assistance program are funded by Community Development Block Grant (CDBG) and City funds. Federal overlays related to the CDBG program apply and are explained in detail in the bid package. Services required of the successful bidder will include all aspects of loan servicing including loan origination/setup, long-term tracking, loan underwriting, processing monthly statements, collections, customer service, impound account servicing, quarterly/annual reporting, and other tasks.

Sealed proposals for this work will be received at the City Manager’s Office, 736 F Street, Arcata, California, until 3:00 p.m. on October 19, 2016. The award for this contract is anticipated to be made at the City Council’s regularly scheduled meeting on November 16, 2016. The Bid Package for this work can be obtained from Harold Miller at the office of the Purchasing Agent at 736 F Street, Arcata, CA 95521 or on the City’s Community Development Department website on or after Wednesday, September 28, 2016. This RFP follows the Competitive Proposals procurement procedures outlined in 24 CFR 85.36(d)(3).

Request RFP Packet Download
Publication Date/Time:
9/28/2016 8:00 AM
Publication Information:
Published in Mad River Union, Arcata, CA
Closing Date/Time:
10/19/2016 3:00 PM
Submittal Information:
Proposals due by 3 PM, Wednesday, 10/19/2016, at Arcata City Manager's Office.
Bid Opening Information:
N/A
Contact Person:
Harold Miller, Procurement Specialist, 736 F Street, Arcata, CA 95521, phone 707-825-2101.
Download Available:
Yes. Please click link above.
Plan & Spec Available:
The Bid Package for this work can be obtained from Harold Miller at the office of the Purchasing Agent at 736 F Street, Arcata, CA 95521, 707-825-2101, or on the City’s Community Development Department website, www.cityofarcata.org, on or after Wednesday, September 28, 2016.
Business Hours:
Monday - Friday, 9 a.m.-5 p.m.
Fax Number:
707-822-8018

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