Vancouver Bonfire #RFP 32-26

Nonprofit Partner Sought for Revolving Loan Fund Capacity Building and Management

This opportunity invites nonprofit Community-Based Organizations (CBOs) to partner with the City of Vancouver, Washington and its nonprofit CDFI partner, Business Impact Northwest, for Revolving Loan Fund (RLF) capacity building and management. - Government Buyer: - City of Vancouver, Washington - OEMs and Vendors: - Business Impact Northwest (nonprofit CDFI partner) - Products/Services Requested: - Capacity building and management services for a local Revolving Loan Fund (RLF) - Promotion of the RLF to local small businesses - Identification of eligible small business loan recipients - Commitment to the CDFI certification process - Eventual transition to sole management of the RLF by the selected CBO - Unique or Notable Requirements: - Only nonprofit CBOs are eligible to apply - The selected CBO must collaborate with Business Impact Northwest and work toward CDFI certification - No specific products or part numbers are requested; the focus is on specialized services related to fund management and capacity building

Description

The City of Vancouver is seeking proposals from qualified nonprofit Community-Based Organizations (CBOs) to collaborate with the City’s nonprofit Community Development Financial Institution (CDFI) partner, Business Impact Northwest, in the management of a local Revolving Loan Fund (RLF). The selected CBO will promote the RLF, help identify eligible small business loan recipients, and commit to undergoing the official CDFI certification process. Ultimately, the selected CBO is expected to take over sole management of the RLF. The project involves capacity building for the revolving loan fund managed by a nonprofit organization.

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