Fiscal Administrator

The Florida Department of Commerce is requesting proposals for Fiscal Administrator services to manage lending operations under two federal revolving loan funds—the Hurricane Irma Resiliency Loan Fund and the Evergreen Loan Fund—with proposals due September 22, 2026 at 2:30 PM EST and technical questions due August 28, 2026.

Eligible respondents are Community Development Corporations (CDCs), Community Development Financial Institutions (CDFIs), or non-profit organizations. Commerce anticipates awarding two separate contracts from this solicitation (27-RFP-001-VW). Respondents must register with the Florida Department of State and comply with E-Verify requirements.

The scope encompasses loan application processing, loan administration board creation and management, loan closings and disbursements, loan monitoring, and repayment processing. Contractor compensation is performance-based, with financial penalties of $150 per day for failure to meet specified deadlines: creation of Loan Administration Boards within 30 days of contract execution, approval or denial of loan applications within 60 days of acceptance, loan closings and disbursements within 30 days of approval, and repayment processing within 10 days of receipt. Selected contractors must assume responsibilities within 30 days of execution.

The contract terms run 120 months with anticipated start dates of December 13, 2026 for the Resiliency Fund and December 1, 2026 for the Evergreen Fund, each through December 2036. Commerce may renew contracts for up to two additional one-year periods. Federal funding totals $40 million ($32 million for Resiliency, $8 million for Evergreen) from the U.S. Economic Development Administration.

Evaluation criteria are Administration and Management (0–35 points), Technical Approach (0–35 points), Key Personnel Identification (0–20 points), Responsible Office (0–10 points), Past Performance References (0–10 points), and Cost Proposal (0–25 points), for a maximum of 135 points. Technical proposals may not exceed 40 pages; cost proposals must be submitted separately. Contractors must maintain commercial general liability insurance with minimum limits of $100,000 per occurrence and $500,000 general aggregate. Proposal opening is scheduled for September 22, 2026 at 3:00 PM EST at the Purchasing Office, 107 East Madison Street, Tallahassee, Florida.