CPCFA02-24 - CalCAP SSBCI Loan Participation Project

Background
The California Pollution Control Financing Authority (CPCFA) is issuing a Request for Proposals (RFP) for the CalCAP SSBCI Loan Participation Project. This initiative is part of the California Capital Access Program (CalCAP), which aims to support small businesses through loan participation programs funded by the State Small Business Credit Initiative (SSBCI). The SSBCI was reauthorized under the American Rescue Plan Act of 2021, providing $10 billion to strengthen state programs that facilitate private financing for small businesses affected by the COVID-19 pandemic. CPCFA has received a total allocation of $1.181 billion, with a portion designated for this Loan Participation Program (LPP).

Work Details
The selected Third-Party Administrator will be responsible for:

1. Developing and implementing one or more LPPs, including all necessary documentation and legal instruments.

2. Coordinating with Correspondent Financial Institutions (CFIs) to create LPP documents and marketing materials.

3. Managing operational capacity and ensuring compliance with SSBCI program rules as outlined by the U.S. Department of the Treasury.

4. Providing CPCFA with necessary data for SSBCI reporting, including maintaining secure loan records and demographic information.

5. Collaborating with community banks and state agencies to market the LPP, including creating outreach plans targeting rural areas and underserved communities.

6. Developing a digital database for loan requests that securely processes data within the U.S.

Period of Performance
The term of the Agreement will be from May 15, 2025, through May 14, 2028.

Place of Performance
Services will be performed in California, specifically at CPCFA's office located at 901 P Street, Sacramento, CA.

Bidder Requirements
Proposers must be headquartered in California or have an office located in California and hold all necessary licenses and registrations required by federal and state regulations. They must also have a contract or commitment to partner with a Correspondent Financial Institution (CFI) and demonstrate experience in managing loan participation programs.