Working Capital Loan Fund Administration and Technical Assistance

Agency: State Government of Minnesota
State: Minnesota
Type of Government: State & Local
Caegory:
  • R - Professional, Administrative and Management Support Services
Posted Date: Oct 11, 2017
Due Date: Nov 1, 2017
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Working Capital Loan Fund Administration and Technical Assistance

Brief Description: The goal of this project will be to grant loans up to $25,000 or 50% of total contract or sub contract amount, whichever is less, as applicable to DBE firms working as prime contractors or subcontractors on MnDOT eligible projects. The total principal amount outstanding to any borrower is limited to $60,000. The WCLF Program may work in cooperation with private lenders if the loan amount requested is greater than the limits allowed under the WCLF Program. The successful responder will manage and administer the revolving loan fund. The revolving loan fund to be managed is approximately $413,000.00. The WCLF administrator will receive up to $186,000.00 to cover the costs of managing, administering the WCLF and providing one-on-one financial consultation over a two year period.


Date Posted: 10/11/17
Due Date: 11/01/17


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