FUND MANAGER CONTRACTOR REVOLVING LOAN FUND
Agency: | St. Louis Post-Dispatch |
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Level of Government: | State & Local |
Category: |
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Opps ID: | NBD15542892808469703 |
Posted Date: | Mar 18, 2023 |
Due Date: | Apr 10, 2023 |
Source: | https://www.stltoday.com/ads/c... |
FUND MANAGER CONTRACTOR REVOLVING LOAN FUND The St. Louis Development Corporation (SLDC) is issuing a Request for Proposals (RFP) from for profit not for profit financial institutions with loan underwriting and loan servicing experience to manage its Contractor Revolving Loan Fund Program that will provide short term loans to small construction contractors to build capacity by providing a bridge loan for cash flow while contractors mitigate the construction pay process and/or other approved funding delays. $2.5M of Coronavirus State and Local Fiscal Recovery Funds (SLFRF) allocated to SLDC, passed through the St. Louis City Community Development Administration, will provide funding for this program and service providers. The RFP will be available for download on SLDC's website at https://www.stlouis-mo.gov/SLDC on Friday, March 17, 2023. Responses are due by 4:00 pm, Monday, April 10, 2023. SLDC is an equal opportunity employer and values diversity.
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