Lending Services Line of Credit

The County of Riverside Purchasing Department is seeking lending services for a line of credit to finance the purchase of various equipment and projects. The estimated funding needs are approximately $20,000,000, with the option for an additional $20,000,000. The contract was awarded to Banc of America Public Capital Corp, pending the Riverside County Board of Supervisor approval. The scope of work includes providing financing for the purchase of equipment and projects as detailed in Attachment A, Section E, Scope of Services. Some key points to consider are: • The contract terms are between 24 to 120 months • The estimated funding needs are approximately $20,000,000, with the option for an additional $20,000,000 • The scope of work includes providing financing for the purchase of equipment and projects • The contract was awarded to Banc of America Public Capital Corp, pending the Riverside County Board of Supervisor approval