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RFP for Operation of Small Business Revolving Loan Fund

NOTICE OF AVAILABILITY OF REQUEST FOR PROPOSALS (RFP)

The Office of Economic and Workforce Development (OEWD) and the Mayor’s Office of Community Investment (MOCI now merged with OEWD) are pleased to release the Request for Proposals (RFP) for the purpose of operating the City and County of San Francisco Small Business Revolving Loan Fund (RLF).

Alternative formats for persons with disabilities will be available upon request to OEWD/MOCI’s ADA Coordinator, Eugene Flannery at 701-5598 or eugene.flannery@sfgov.org.

All proposals must be submitted by 5:00 pm on Friday, March 13, 2009.

This is a Request for Proposals (RFP) from OEWD/MOCI announcing that $800,000 will be made available for:

Capital and operating expenses for the administration of the City and County of San Francisco’s Small Business Revolving Loan Fund, which provides microloans to entrepreneurs and small businesses that create and retain jobs for low-to-moderate income San Francisco residents.

o RLF microloans must not exceed $50,000 and must target low- to moderate- income entrepreneurs and/or small businesses that create and retain jobs for low- to moderate- income San Francisco residents.

o Eligible RLF operating expenses for the purpose of RLF administration include, but are not limited to, applicant screening, loan underwriting, loan servicing, fiscal services, and business technical assistance. The RLF operating expenses reimbursed by OEWD/MOCI must not exceed 15% of the total committed OEWD/MOCI microloan capital.

Technical assistance:
Applicants with questions regarding this RFP or completing the application may contact Christina Garcia at (415) 701-5559 or christina.garcia@sfgov.org.


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