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 encompassing loan underwriting, servicing, and administration services that state and local governments procure to manage and process loan portfolios across housing, economic development, and other programs. Recent solicitations show municipalities and counties engaging loan consultants and third-party servicers to evaluate creditworthiness, perform underwriting analysis, prepare loan documentation, conduct collections activities, and administer compliance for mortgage portfolios, federal grant-backed lending programs, and specialized financing vehicles. The issuing bodies are predominantly cities and counties, with school districts and special-purpose districts entering the market for Title IV federal student aid servicing and emergency loan programs. Salt Lake City Corporation, Detroit, Pinellas County, New London (Connecticut), and the City of Kingman (Arizona) are among the jurisdictions recently posting opportunities under this code.

Geographic activity clusters in Michigan, Arizona, Connecticut, and Utah, with secondary activity in Wisconsin and Texas. Representative recent opportunities include Salt Lake City Corporation's RFP for loan and underwriting services supporting its Housing Stability Division, with proposals due July 29, 2026, for approximately ten housing loan applications annually and a contract ceiling of $75,000 over two years; Pinellas County's non-competitive procurement (ITQ 260643) for loan administration services on an as-needed basis, with a June 30, 2026 response deadline and no specified contract value; New London, Connecticut's RFP for EPA Brownfields Revolving Loan Fund underwriting services, due July 16, 2026, supporting anticipated loan closes of three to four projects through September 30, 2028, with fixed fees by loan size and hourly rates for additional underwriting work; and the City of Kingman's IFB for vehicle lease-purchase financing totaling $2.5 million across a 10-year and 5-year structure, with bids due January 27, 2026. Loan underwriting and collection services dominate the current activity, driven by housing affordability initiatives, federal disaster recovery and environmental remediation lending programs, and ongoing mortgage portfolio management.