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, a Commodity code, describes financial advisory and underwriting services that state and local governments procure to evaluate, structure, and administer lending programs for housing stability, economic development, and community revitalization. State and local issuing bodies—primarily cities and counties—use this code to tag solicitations for loan evaluation, underwriting analysis, default prevention counseling, loan servicing administration, and related financial structuring support. Issuers include municipal housing departments, community development offices, school districts managing student loan default prevention, and specialized authorities overseeing revolving loan funds. The mix is predominantly cities (Salt Lake City, Detroit, New London, Sun Prairie, Kingman) and counties (Pinellas County) alongside school districts (Pinellas County Schools, Austin Community College, Mt. Hood Community College) and fire districts (Tualatin Valley Fire & Rescue), with Detroit appearing multiple times as a repeat buyer across housing, community development, and emergency services portfolios.

Recent solicitations reflect two dominant work streams. Housing-focused opportunities include Salt Lake City's loan and underwriting services for its Housing Stability Division (RFP SLCI267011, due July 29, 2026, $75,000 capped), Pinellas County's loan administration services for mortgage loan servicing (ITQ 260643, due June 30, 2026), and New London's EPA Brownfields Revolving Loan Fund underwriting (RFP 202618CONL, due July 16, 2026). The second stream addresses default prevention and financial counseling: Austin Community College's student loan default prevention services (RFP 924-26-268-00-S-JG, due February 25, 2026, with 30% SLBE goal), Mt. Hood Community College's default management and financial literacy services (RFP SP0040000016109, due March 6, 2026, $18,000 annually), and the City of Sun Prairie's home repair loan program administration (RFP 26-PLA03, due March 6, 2026, with $36,000 available for service delivery). Secondary activity includes energy efficiency revolving loan fund planning (Michigan EGLE RFIs posted March 6 and March 18, 2026, seeking lender participation models) and vehicle lease-purchase financing (City of Kingman IFB 2025IFB041, due January 27, 2026, $2.5 million). Geographic concentration centers on Michigan (Detroit, Pinellas County/Florida, Salt Lake City/Utah, Connecticut, Wisconsin, Arizona, Texas, and Oregon), with repeat state-level activity in Michigan around energy efficiency lending and Arizona around municipal vehicle financing. The code shows active, specialized procurement in housing loan underwriting, student loan default prevention, and municipal revolving loan fund administration—all high-compliance, advisory-intensive activities with firm pricing and multi-year terms.