Virginia Tech SCIQuest #218672702

Virginia Tech Solicits Proposals for Revolving and Committed Lines of Credit

Virginia Polytechnic Institute and State University (Virginia Tech) is seeking proposals from qualified financial institutions to provide essential credit facilities for university liquidity management. - Government Buyer: - Virginia Polytechnic Institute and State University (Virginia Tech) - OEMs and Vendors: - No specific OEMs or vendors are named; solicitation is open to qualified financial institutions or lenders - Products/Services Requested: - Working Capital Revolving Line of Credit - Purpose: Provide a revolving taxable line of credit for working capital needs - Committed Line of Credit for Liquidity Support - Purpose: Serve as a committed liquidity support facility for the University - No part numbers or fixed quantities, as these are financial services - Unique or Notable Requirements: - Ability to provide both a revolving taxable line of credit and a committed line of credit - Services must support the University's ongoing liquidity and working capital requirements - Open to all qualified financial institutions capable of meeting these needs

Description

This solicitation aims to establish a term contract for a working capital revolving line of credit and a committed line of credit to provide liquidity support for the University. The contract will serve as financial support to meet the University's liquidity needs. The solicitation is currently open with a response deadline of September 21, 2026, at 3:00 PM EDT. The contact person for this solicitation is Bryan Holloway.

View original listing