Oregon Royalty Fund (ORF) Loan Referral Services
Open State & local contract opportunity Posted
- Solicitation number
- S-12300-00011882
- State
- Oregon
- Responses due
Opportunity facts
- NIGP codes
- UNSPSC codes
- 64101500 Time deposit accounts
- 64111901 Principal protected structured financial product
- 64101501 Certificate of deposit CD
- 64101502 Simple savings account
- 64101702 Currency exchange application
- 64111802 Subscription right
- 64111804 Warrant
- 81121503 Econometrics
- 64101602 Money market account
- 64101603 Simple checking account
Show all 37
- 64111902 Principal unprotected structured financial product
- 93151609 Lotteries services
- 81121500 Economic analysis
- 80101512 Actuarial consulting services
- 81121502 Micro economic analysis
- 81121504 Economic forecasts
- 81121505 Economic development consultancy
- 64000000 Financial Instruments, Products, Contracts and Agreements
- 64101600 Demand deposit accounts
- 64101601 Interest bearing checking account
- 64101701 Bill paying application
- 64101704 Over draft protection
- 64111801 Allotment or bonus right
- 64111903 Exchange traded fund ETF
- 64111904 Single structured product
- 64111906 Variable annuity
- 93151605 Government finance services
- 80101603 Economic or financial evaluation of projects
- 81121501 Macro economic analysis
- 64100000 Bank offered products
- 64111800 Entitlements or rights
- 64101700 Electronic fund transfer and payment products
- 64111900 Structured financial products
- 64111803 Purchase right
- 64111905 Over the rainbow structured product
- 64101703 Money transfer application
- 84131614 Underwriting service
- Points of contact
Opportunity details come from oregonbuys.gov. Updated .
About this opportunity
The Oregon Business Development Department (Business Oregon) is seeking loan referral services for the Oregon Royalty Fund (ORF) loan program through a Request for Qualifications (RFQ) issued on January 21, 2025, with proposals being accepted through February 1, 2030. The procurement targets non-depository, Oregon-based economic development entities to identify and refer eligible loan applicants to the ORF program. Contractors will be responsible for promoting and marketing the loan program, identifying prospective loan candidates, submitting referrals that meet ORF program requirements, and leveraging private equity sources. Key deliverables include completing a detailed referral form for potential borrowers, providing comprehensive business information, and supporting the economic development process. The RFQ requires proposers to be established for at least 24 months, submit three professional references, and complete various certification documents including a Proposer Information and Certification sheet. Evaluation will likely focus on the proposer's experience in economic development, ability to identify and refer suitable loan candidates, and compliance with state requirements.
The contract is restricted to Oregon-based economic development entities, including for-profit, non-profit, and governmental organizations with operating offices in the state. No specific set-aside designations for disadvantaged enterprises are explicitly mentioned in the documents. Contractors will be compensated through a loan referral fee structure of 0.75% per successful loan, with a maximum of $7,500 per loan and a total contract cap of $600,000 over the five-year term. The contract includes options for renewal for an additional five years and requires contractors to maintain various insurance coverages, including workers' compensation, professional liability ($500,000), general liability ($1,000,000), and automobile liability ($500,000). Business Oregon anticipates awarding multiple contracts, with payment contingent upon successful loan closing and borrower payment of applicable fees. The program is designed to support small business expansion through strategic loan referrals and economic development support.
Opportunity text
The Oregon Business Development Department (Business Oregon) is seeking to contract for loan referral services for the Oregon Royalty Fund (ORF) loan program. Contractors will be responsible for identifying eligible prospective loan applicants and making referrals to Business Oregon.
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