Vendor needs to provide small business assistance program service to the government authority located in Providence, RI.– The agency seeks proposals that support the goal of the program–lenders to facilitate small business loans and to help entrepreneurs and small businesses that are having difficulty obtaining adequate credit from traditional lending organizations.– Proposers are invited to present diverse and innovative ideas on how to reach small businesses, albeit viable, that find it difficult to access traditional capital in accordance with the program guidelines.– Proposers are responsible for developing a process for meeting all reporting requirements.– Program reporting shall include, but not be limited to, submitting regular reports that detail the total Value of Loans Originated, Total Commerce Funds Utilized, Use of Funds, Loan Recipient, and Loan Recipient Address, Charge–Off and Default Rates, Technical Assistance Activities, and other information required by the Corporation in relation to participation in the Program.
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