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, including loan origination, underwriting, servicing, and financial management. This initiative aims to support local economic development by providing structured financial assistance to eligible applicants while ensuring the long-term sustainability of the fund. The selected administrator must develop and manage the loan application process, conduct financial analyses, and perform credit evaluations and risk assessments. The scope of work includes recommending loan terms, interest rates, and collateral requirements, as well as providing technical assistance to applicants. The agency expects the administrator to recommend interest rate structures that typically range from two to seven percent, or prime plus up to two points. The administrator must also prepare loan agreements, manage disbursements, process payments, and monitor borrower performance. Portfolio management duties include delinquency follow-up, workout plans, and maintaining complete loan files. Additionally, the administrator must track repayments, maintain accounting records consistent with GAAP and CDFI standards, and ensure the fund remains financially sustainable over the capitalization period. Only onshore organizations based in the United States are eligible to submit proposals for this opportunity. The selected administrator will perform all work offsite at their 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.