Description
The Oregon Business Development Department is seeking to contract for loan referral services for the Oregon Royalty Fund (ORF) loan program. Contractors will be responsible for identifying eligible prospective loan applicants and making referrals to Business Oregon. The initial term of the contracts is anticipated to be 5 years with options to renew up to an additional 5 years for each contract. Contractors will receive a loan referral fee of up to 0.75% of the Business Oregon approved and funded ORF loan amount up to a maximum amount of $7,500 per loan closed. The key responsibilities of the contractors include promoting and marketing the ORF program, identifying eligible loan applicants, referring eligible loan applicants to Business Oregon, and providing recognition of Business Oregon in promotional and media materials.
• The contractor must be a local development group as defined in OAR 123-092-0020(7) and demonstrate that economic development is a principal component identified in the contractor's charter and/or articles of incorporation.
• The contractor must be a non-depository, Oregon-based economic development for-profit, non-profit, or governmental entity with operating offices based in Oregon.
• The contractor must be licensed to do business in its state and be prepared to comply with requirements for doing business in Oregon.
• The contractor must submit a proposal that includes a narrative describing the contractor's interest, organizational structure, and qualifications related to the scope of work/specifications.
• The contractor must submit a proposal that includes responses to each of the evaluation criteria listed in section 4.6.2 of the RFQ.