UNSPSC 64101908: Receivable loan

A short-term loan made to a company so it can fund the collection period for the accounts receivable arising from credit sales. Those receivables serve as collateral for the loan if the business does not collect its receivables and cannot repay the loan.

UNSPSC 64101908 Receivable loan is a Commodity code that describes administrative and financial intermediary services state and local governments procure to manage, originate, underwrite, and service loans and revolving loan funds, particularly for affordable housing, economic development, and specialized lending programs. State and local issuers—housing finance commissions, county governments, cities, and special-purpose districts—use this code to solicit loan servicers, underwriters, fund administrators, and collection agencies that process applications, assess creditworthiness, manage portfolios, handle delinquencies, and remit funds. Work under the code ranges from predevelopment and construction lending for nonprofit homeownership developers, to EPA brownfields revolving loan fund underwriting, to third-party servicer operations for federal student aid programs, to debt collection services available as a cooperative purchasing vehicle to state agencies and eligible public entities.

Recent opportunities reflect concentrated activity in Washington State and multi-state venues. The Washington State Housing Finance Commission posted two significant solicitations in the past three months: 202609ADM (Affordable Homeownership Revolving Construction Catalyst Fund Administrator, RFP response due November 2, 2026) seeking a CDFI or mission-aligned intermediary to administer a $10 million revolving loan fund for nonprofit homeownership developers in five rural Washington counties, and 202606HOMS (Single Family Master Servicer and Sub-Servicer, proposals due August 26, 2026) for GSE-approved loan servicers managing mortgage portfolio securitization and loss mitigation. The City of New London, Connecticut, solicited EPA Brownfields Revolving Loan Fund underwriting services (RFP 202618CONL, proposals due July 16, 2026) to evaluate commercial loan applications and conduct credit analysis for cleanup projects on brownfield properties. Salt Lake City Corporation requested loan and underwriting services (RFQ SLCI27011, responses due July 29, 2026) for its Housing Stability Division at a $75,000 cap, with an anticipated ten housing loan applications annually. Washington's Department of Enterprise Services established a statewide master contract for Debt Collection Services (Competitive Solicitation 11425, bids due September 1, 2026 and separately October 20, 2026) open to state agencies, counties, municipalities, and tribal governments, spanning General Collections, Educational Collections, and Court-Ordered Collections with an estimated $1.34 million in annual historical purchases. Pinellas County School District solicited Title IV Third Party Servicer operations for Pell Grant administration (ITQ 25HO078, bids due January 8, 2026), and Pinellas County sought loan administration services on an as-needed basis for its mortgage portfolio (ITQ 260643ITQ, proposals due June 30, 2026). These procurements are concentrated in the Pacific Northwest and select mid-Atlantic and Southern jurisdictions, with housing finance commissions and school districts as repeat buyers.