SP Sole Source-Financial Consulting Services -Loop Capital

The State of Illinois, through the Illinois Finance Authority, is entering into a sole-source Basic Ordering Agreement with Loop Capital for financial consulting services, with a due date of July 9, 2026 and contract effective July 11, 2026. This is a small-purchase sole-source procurement; no competitive bidding process applies.

Loop Capital will provide due diligence, financial analysis, corporate valuation, and credit assessment services to support the Illinois Finance Authority and Illinois Climate Bank in evaluating economic development and financing opportunities. The firm will deliver expertise in taxable and tax-exempt public finance, corporate valuation, credit assessment, and Illinois market conditions to enable timely analysis of referrals and financing transactions. Loop Capital maintains no subcontractors under this agreement.

The contract term runs from July 11, 2026 through July 10, 2027 with monthly payment cycles. The one-time charge is $100,000, with billable rates documented in a separate attachment. Funding derives from fiscal year 2026 state appropriations, with payments made monthly under the State Prompt Payment Act. Loop Capital is located at 111 W Jackson Boulevard, Suite 1901, Chicago, Illinois; the primary contact is Steven J. Sherman at 312-356-1003.

Loop Capital must maintain general liability insurance of $1,000,000 per occurrence and $2,000,000 annual aggregate, auto liability of $1,000,000, and workers' compensation as required by law. The contract is subject to Illinois Standard Terms and Conditions Version 23.2, including audit and record-retention requirements (three years from final payment), prevailing wage compliance where applicable, and the comprehensive certification requirements outlined in the Standard Illinois Certifications form Version 26.2. The State reserves the right to terminate for convenience with thirty days' notice or for cause upon written notice to cure.