Small Business Loan Participation Program
The Minnesota Department of Employment and Economic Development (DEED), through its Economic Development and Research Division, is seeking proposals from qualified Responders to participate in the State Small Business Credit Initiative (SSBCI) 2.0 Small Business Loan Participation Program (SBLPP). Eligible Responders must be qualified non-depository certified Community Development Financial Institution (CDFI) loan funds or non-certified nonprofit loan funds that can demonstrate they meet community development financial institution criteria, meaning they:
- have a primary mission of promoting community development;
- serve an investment area or targeted population;
- provide development services in conjunction with loans;
- maintain, through representation on their governing board or otherwise, accountability to residents of their investment area or targeted population; and
- are not an agency or instrumentality of the United States, or of any state or political subdivision of a state.
Request for Proposals
The contact person for questions is: Lori Hanson, Solicitation Administrator Department of Employment and Economic Development (DEED), State Small Business Credit Initiative (SSBCI) Unit,?[email protected].?Questions should be emailed to the contact by 4:30 p.m. on May 29, 2024. Please use the email subject line ?SBLPP RFP Question.? Other personnel are not authorized to answer questions regarding this Solicitation.
Deadline
Responses must be received not later than?4:30 p.m., Central Time, June 17, 2024. Late responses will not be considered.
Submit your response via email to: Department of Employment and Economic Development, State Small Business Credit Initiative Unit., Lori Hanson, Solicitation Administrator,?[email protected].
The Cost Proposal must be submitted as a separate attachment from the Technical Proposal. It is important no costs are contained in any portion of a responder?s Technical Proposal.
By submitting a response, Responder is making a binding legal offer for the period of time set forth below in Section 6, Conditions of Offer.
|
? 
? 
