Community Development Financial Institution Administration of The Revolving Loan Fund Services

The City of San Pablo, California, is seeking a qualified Community Development Financial Institution to administer its Revolving Loan Fund. The agency requires a partner to manage the entire lifecycle of the fund to support local economic development and ensure the long-term financial sustainability of the program. The selected administrator must handle loan origination, underwriting, servicing, and comprehensive financial management in compliance with local policies and applicable regulations. The scope of work covers developing the loan application process, conducting financial analyses, and performing credit evaluations and risk assessments. The administrator will recommend loan terms, collateral requirements, and interest rate structures, which typically range from two to seven percent or prime plus up to two points. Additionally, the administrator must provide technical assistance to applicants, prepare loan agreements, manage disbursements, process payments, and monitor borrower performance. Portfolio management duties include delinquency follow-up, workout plans, and maintaining accurate accounting records consistent with GAAP and CDFI standards. Eligible administrators must be onshore organizations based entirely in the United States. The agency requires the selected partner to perform all work offsite at the administrator's own office location. The agency is currently looking for proposals to determine the budget and cost structure for these services, and no specific budget limit or key dates are provided in the initial request.