UNSPSC 64101909: Unsecured loan

A loan that is issued and supported only by the borrower's creditworthiness, rather than by a type of collateral. An unsecured loan is one that is obtained without the use of property as collateral for the loan.

UNSPSC 64101909 Unsecured loan, Commodity, describes financing and credit products that state and local governments deploy to support affordable housing, small-business development, workforce programs, and other policy objectives—not consumer lending. Recent state and local opportunities center on revolving loan funds, program-related investments, and loan servicing infrastructure rather than traditional commercial banking products. The Washington State Housing Finance Commission is administering a $10 million Affordable Homeownership Revolving Construction Catalyst Fund (RFP 202609ADM, due November 2, 2026) seeking a CDFI or mission-aligned financial intermediary to originate and service predevelopment and construction loans to nonprofit homeownership developers across five rural Washington counties. Salt Lake City Corporation is procuring loan and underwriting services for its Housing Stability Division (SLCI27011, due July 29, 2026) with a $75,000 contract to evaluate and underwrite approximately ten housing loan applications annually. The City of New London, Connecticut, is seeking loan underwriting services for its EPA Brownfields Revolving Loan Fund (RFP 202618CONL, due July 16, 2026), which holds $1 million in federal funding and anticipates closing three to four remediation loans before September 2028. Issuing bodies include state housing finance authorities, county and municipal governments, and special-purpose districts; the code shows activity primarily among mid-sized and smaller jurisdictions with housing or economic development missions rather than large urban centers.

Geographic activity concentrates in the Pacific Northwest (Washington) and mid-Atlantic regions (Connecticut), with secondary activity in the Southwest (Arizona, New Mexico). Washington State agencies and housing finance authorities are repeat solicitors under this code, reflecting statewide revolving-fund programs targeting underserved rural and suburban markets. Recent opportunities emphasize loan administration, underwriting, and fund management services—the operational backbone of government lending programs—rather than the products themselves. Bidders should expect mandatory compliance with Community Development Financial Institution standards, Section 3 preferences, prevailing-wage and labor requirements on federally funded deals, and strong emphasis on organizational capacity to serve low-to-moderate-income borrowers. The code shows steady but not high-volume activity; opportunities are scattered across geographies and tend to be long-term, relationship-based contracts rather than spot procurements.