Rfqual/Rfp For A Community Development Financial Institution (CDFI) Administration Of The Revolving Loan Fund In The City Of San Pablo

Background
The City of San Pablo is seeking qualified Community Development Financial Institutions (CDFIs) to administer its Business Revolving Loan Fund (RLF). This initiative aims to provide sustainable access to capital for small businesses in San Pablo, particularly those unable to secure traditional financing.

The RLF will be funded annually through Community Benefit contributions from retail cannabis sales, with an expected capitalization of $50,000 to $75,000 per year over a minimum period of five years.

Work Details
The selected CDFI will be responsible for the full administration of the Revolving Loan Fund, which includes:

1. Loan Origination & Underwriting: Develop and manage the loan application process; conduct financial analysis and risk assessment; recommend loan terms and ensure compliance with City policies.

2. Loan Servicing: Prepare loan agreements; manage disbursements and payment processing; monitor borrower performance.

3. Compliance & Reporting: Ensure adherence to federal, state, and local requirements; provide quarterly and annual reports on loan activity and portfolio performance.

4. Financial Management: Track repayments and interest earnings; maintain accounting records consistent with GAAP standards.

5. Program Coordination: Collaborate with City staff on outreach efforts to local businesses.

Period of Performance
The contract will be performed over a minimum period of five years, starting from the date of contract award.

Place of Performance
The services will be performed in the City of San Pablo, California.

Bidder Requirements
Respondents must demonstrate experience in administering RLFs or similar loan programs, have CDFI certification status, and provide required insurance and licenses.

Priority will be given to firms that can show experience working with underserved communities.