Business Revolving Loan Program Services

The government authority located in Asbury Park, NJ requires a vendor to provide business revolving loan program services. The selected firm assists the coordinator in preparing an information package detailing eligibility requirements, an application, and application and repayment processes. Additionally, the firm reviews pre-screened applications, communicates with applicants to gather additional information, and conducts examinations using standard underwriting methods and credit checks to prepare recommendations. The firm also collaborates with its own counsel, the city council, and staff to close and fund loans. The buyer limits eligibility to onshore vendors located in the USA, and the selected firm performs the work onsite. The buyer requests proposals to establish the budget. Vendors submit responses digitally via email or online.