Truenorth, LLC was awarded a blanket purchase agreement by the Small Business Administration to provide credit risk scoring and portfolio analysis services. The services include risk analysis and portfolio management support for SBA's lending programs across multiple offices and periods of performance through September 2026. Task orders issued against the agreement total approximately $5 million and involve services related to COVID and non-COVID disaster assistance, with places of performance in Potomac, MD. As the prime contractor utilizing its Multiple Award Schedule contract, Truenorth will leverage its expertise to analyze loan portfolios and underwriting decisions associated with SBA's administration of disaster relief funding.
The blanket purchase agreement facilitates the issuance of multiple fixed-price and labor-hour task orders by SBA's Offices of Capital Access and Disaster Assistance. Task orders provide services for risk assessment of lending portfolios supporting COVID and non-pandemic disaster programs. They aim to aid SBA's evaluation of credit risk and loan performance across assistance efforts. Periods of performance range from one to two years and incorporate both base and option periods through 2026.
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