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EXTRA-13069 - USA (Rhode Island) - State Small Business Credit Initiative Advisor Service - Deadline July 15,2021

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Posted Date : June 29,2021
Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID : EXTRA-13069
Government Authority located in Rhode Island; USA based organization looking for expert vendor for state small business credit initiative advisor service.
[A] Budget: Looking for Proposals
[B] Scope of Service:
Vendor needs to provide state small business credit initiative advisor service including assessing the hurdles and the difficulties Rhode Island small businesses have in accessing credit, identifying best practices for SSBCI programs, and using that information to design, create, and implement programs to improve the ability of small businesses to obtain the access to capital they need to the government authority located in Rhode Island.
1. Assessing the specific capital needs of small business in Rhode Island, including specific
gaps in or obstacles to such capital by small businesses generally, subsets of small
businesses or specific sectors of small businesses;
2. Identifying best practices for SSBCI programs in other states;
3. Designing and developing programs to increase liquidity in capital markets for small and
minority-owned businesses. Such programs could include (i) funding loan loss reserves,
(ii) creating state-sponsored venture capital funds (including possible targeted funds such
as for tech transfer, bioscience or blue economy), (iii) creating state-sponsored direct loan
programs (including governance thereof), (iv) establishing third party loan programs, (v)
enhancing and leveraging existing SBA programs;
4. Advising on how to (i) best build the capacity required to successfully implement and
manage these new SSBCI programs, (ii) identify and select the type of strategic partners
and expertise that are needed, (iii) help create proper program structures, and (iv) build
robust project management and systems;
5. Designing and implementing technical assistance programs for small businesses;
6. Designing robust compliance and reporting systems.
[C] Eligibility:
- Onshore (USA Organization Only);
[D] Work Performance:
Performance of the work will be Offsite. Vendor needs to carry work in their office location.
Budget :
Deadline to Submit Proposals: July 15,2021
Cost to Download This RFP/RFQ/RFI/Solicitation/Tender/Bid Document : 5 US$

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