LENDING SERVICES LINE OF CREDIT

The County of Riverside Purchasing and Fleet Services sought proposals from qualified lending institutions for a line of credit to finance the purchase of materials and equipment. The estimated funding need was approximately $20,000,000, with an option for an additional $20,000,000. The contract was awarded to Banc of America Public Capital Corp. Key aspects of the contract include the term of 12 to 48 months and the scope of services detailed in the RFP. Some key points to consider are: • The contract is for lending services, specifically a line of credit. • The estimated funding need is $20,000,000, with an option for an additional $20,000,000. • The contract term is 12 to 48 months. • The scope of services includes financing for the purchase of materials and equipment. • The contract was awarded to Banc of America Public Capital Corp.