Bank Loan Refinancing Service

The City of Archer, Florida, requests sealed proposals from qualified financial institutions to provide bank loan refinancing and related depository services. The buyer requires a direct fixed-rate loan with a 25-year term and a 25-year amortization schedule with monthly principal and interest payments to convert its existing line of credit into a structured term loan. Proposers must submit pricing for two principal alternatives: $800,000 and $1,000,000. The buyer also anticipates transferring and maintaining its depository accounts with the selected bank to obtain the best overall value. Eligibility requires USA onshore organizations, specifically qualified banks and financial institutions. Contractors will perform the work offsite. The buyer issued the RFP on September 16, 2026, and requires written questions by September 22, 2026, at 5:00 p.m. Eastern Time. The buyer anticipates issuing a final addendum on September 24, 2026, and requires sealed proposals by October 1, 2026, at 5:00 p.m. Eastern Time. Staff expects to present recommendations to the City Commission on October 12, 2026.