Exhibit 1 - Business Capital & Technical Assistance RFP Meeting.pdf
PDF 6 MB Posted
- Solicitation number
- 426545,2
- Issued by
- California
About this file
This is an exhibit from a Request for Proposal (RFP) meeting presentation issued by the City of Oakland's Economic and Workforce Development Department seeking a qualified Community Development Financial Institution (CDFI) to provide comprehensive business capital and technical assistance services. The City requires the selected CDFI to deliver loan readiness technical assistance, capital access services, loan packaging and underwriting, administration of the City's Revolving Loan Fund (RLF), and referral coordination across Oakland's business support ecosystem. The scope of services encompasses business intake and CDBG eligibility documentation, one-on-one business advising, financial readiness assessment, capital needs analysis, loan origination and closing, loan servicing, portfolio management, warm referrals, co-lending coordination, outreach, and performance reporting with CDBG/HUD compliance. The contract is structured as an initial one-year agreement with an option to renew for an additional two years, with funding subject to CDBG availability.
The City has budgeted approximately $300,000 annually for this contract, contingent on CDBG funding availability. The RFP seeks a partner with demonstrated experience in loan readiness technical assistance, small business lending, underwriting and portfolio management, serving underserved entrepreneurs, culturally responsive outreach, and managing federally funded programs. Annual performance goals include serving a specified number of unique businesses, conducting one-on-one loan readiness technical assistance, hosting access to capital workshops, underwriting loan requests, funding loan applications, and referring applicants to capital partners. The program also tracks business outcomes including jobs created or retained and low- and moderate-income (LMI) benefit metrics.
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Text version
OAKLAND
CITY OFBusiness Capital & Technical Assistance RFP
Economic Workforce Development DepartmentandJenny Wong, Urban Economic Analyst lll, Purpose The City is seeking a qualified Community Development Financial Institution (CDFI) to provide:
Loan readiness technical assistance Capital access services Loan packaging and underwriting Administration of the City's Revolving Loan Fund (RLF) Referral coordination across Oakland's business support ecosystem
Funding Initial one-year contract Option to renew for an additional two years Approximately $300,000 annually, subject to CDBG funding availability
Program OverviewProgram Overview Business Capital & Technical Assistance ProgramBusiness Capital & Technical Assistance Program Program Overview Business Capital & Technical Assistance Program
— 2 —Economic & Workforce Development OAKLAND
CITY OF
Intake & Eligibility Business intake CDBG eligibility documentation Coordination with City referrals
Loan Readiness Technical Assistance One-on-one business advising Financial readiness Loan packaging Capital needs assessment
Scope of ServicesScope of ServicesScope of Services
— 3 —Economic & Workforce Development OAKLAND
Scope of ServicesScope of ServicesScope of Services
— 4 —Economic & Workforce Development OAKLAND
CITY OF
Capital Access & Revolving Loan Fund Administration
Underwriting Loan origination & closing (RLF) Loan servicing Portfolio management
Capital Ecosystem Coordination Warm referrals Co-lending coordination Partner collaboration
Program Administration Outreach Performance reporting CDBG/HUD compliance
This presentation summarizes the Scope of Services.
Proposers should refer to the RFP for complete requirements. The City welcomes approaches that meet the objectives and requirements outlined in the solicitation.
Qualified CDFI Partner The City is seeking a partner with demonstrated experience in:
Loan readiness technical assistance Small business lending Underwriting and portfolio management Serving underserved entrepreneurs Culturally responsive outreach Managing federally funded programs (CDBG/HUD)
What We're Looking ForWhat We're Looking ForWhat We're Looking For
— 5—Economic & Workforce Development OAKLAND
Annual Performance Goals Business Assistance
Unique Businesses served One-on-one loan readiness technical assistance Access to capital workshops Workshop participants
Capital Access Loan requests underwritten Loan applications funded Referrals to capital partners Loan applicants denied and referred to alternative financing
Performance ExpectationsPerformance ExpectationsPerformance Expectations
— 6 —Economic & Workforce Development OAKLAND
CITY OF
Business Outcomes Jobs created or retained Low- and moderate-income (LMI) benefit
— 7 —Economic & Workforce Development OAKLAND
QUESTIONS?
| Business Capital & Technical Assistance RFP |
| Jenny Wong, Urban Economic Analyst lll, |
| Economic |
| and |
| Workforce Development Department |
| OAKLAND |
| Program Overview Business Capital & Technical Assistance Program |
| Purpose The City is seeking a qualified Community Development Financial Institution (CDFI) to provide: |
| Loan readiness technical assistance |
| Capital access services |
| Loan packaging and underwriting |
| Administration of the City's Revolving Loan Fund (RLF) |
| Referral coordination across Oakland's business support ecosystem |
| Funding |
| Initial one-year contract |
| Option to renew for an additional two years |
| Approximately $300,000 annually, subject to CDBG funding availability |
| CITY OF |
| OAKLAND |
| Economic & Workforce Development |
| Intake & Eligibility |
| Loan Readiness Technical Assistance |
| Qualified CDFI Partner |
| Annual Performance Goals |
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