Revolving Line of Credit Providers

The City of Long Beach is seeking to establish a pool of Revolving Line of Credit (LOC) providers to support its Finance Authority of Long Beach (General Fund) and other departments. The selected providers will be required to commit their firm's capital, provide flexible terms, and ensure the City's ability to draw funds as needed. The City is looking for providers with experience in executing comparable engagements, regulatory and financial stability, and the ability to commit their firm's capital. • The City is seeking a pool of LOC providers to support its Finance Authority of Long Beach (General Fund) and other departments. • The selected providers will be required to commit their firm's capital, provide flexible terms, and ensure the City's ability to draw funds as needed. • The City is looking for providers with experience in executing comparable engagements, regulatory and financial stability, and the ability to commit their firm's capital. • The City intends to pre-qualify a pool of providers to enable quick access to providers for specific financial solutions as needed by City departments. • The City reserves the right to modify the dates and terms of the RFQ at any time.