Award
Salt Lake City SLCI22087
Small Business Loan Consulting Services
Recipient
National Development Council
Awarded
August 22, 2022
Identifier
SLCI22087
The Salt Lake City Corporation, specifically its Economic Development Department, is awarding a contract to the National Development Council for small business loan consulting and underwriting services. The contract involves providing financial analysis, recommendations for loan amendments, and sharing best practices on municipal lending programs. The services include financial oversight, transparency, and underwriting expertise. The contract is located in Salt Lake City, Utah, and involves no specified product line items or OEMs. The award aims to support the city's economic development initiatives and assist current contracts in default. The procurement process included sealed proposals, with the award finalized in August, and the contract is managed by the city's Purchasing & Contracts Management Division.
Description
Salt Lake City Corporation solicited competitive sealed proposals from qualified consultants to provide small business loan consulting and underwriting services for the economic development department. The contract was awarded to a loan consulting firm with significant small business loan experience to assist with financial analysis on current contracts in default and provide recommendations for amended terms, as well as keep the City informed of best practices and up-to-date information on other municipal lending programs.