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Revolving Loan Fund Management System

Maryland, United States
Government : Federal
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Request for
Loan Fund ********* Management System
******** 20, 2016

1.1 The Department of (DOC), ******** Development ************** (EDA) is seeking on how an interested could provide an ******** electronic *********** with proven as a service for program oversight and risk management of grant recipients' loan ********* summary data in support of the Loan Fund (RLF) Program.
1.2 THIS IS A REQUEST FOR (RFI) ONLY. This RFI is issued solely for and planning purposes - it does not constitute a Request for Proposal (RFP) or a promise to issue an RFP in the future. This request for does not commit the Government to contract for any supply or service whatsoever. Further, the Government is not at this time seeking proposals and will not accept unsolicited proposals. s are advised that the U.S. Government will not pay for any or administrative costs incurred in response to this RFI; all costs associated with responding to this RFI will be solely at the interested party's expense.
2.1 Mission
The Department of (DOC), ******** Development ************** (EDA) provides the U.S. with ******** programs and grants to develop ******** opportunities. The ******** Development ************** was established under the Public Works and ******** Development Act of 1965 (42 U.S.C. 3121), as amended, to generate jobs, help retain ******** jobs, and stimulate industrial and commercial growth in ********ally distressed areas of the United States. EDA assistance is available to rural and urban areas of the Nation experiencing high unemployment, low income, or other severe ******** distress. EDA is guided by the basic principle that distressed communities must be empowered to develop and implement their own ******** development and revitalization strategies. Additional about EDA and its programs can be found at
EDA plays a critical role in driving ******** development in communities across the nation. Through the agency's diverse and flexible programs, EDA makes grants for a broad ********* of construction, technical assistance, financing, and ******** development planning that local and regional entities can use to support their communities' unique ******** development goals. EDA works with communities nationwide through its six regional offices, located in Atlanta (GA), Austin (TX), Chicago (IL), Denver (CO), Philadelphia (PA), and Seattle (WA).
2.2 RLF Program
EDA's ******** Adjustment Assistance program provides grant funding to assists state and local interests in designing and implementing strategies to adjust or bring about change to an economy. Under ******** Adjustment, EDA administers its Loan Fund (RLF) Program, which supplies small businesses and entrepreneurs with the gap financing needed to start or expand their business. Throughout the United States, there are about 550 RLF Recipients with a combined ********* of approximately $850 million.
In addition to the terms and conditions of the grant, RLF Recipients are required to create and update an RLF Plan that establishes its strategy, policies and operational procedures. The RLF Plan is submitted to EDA for its review and approval. The plan contains metrics for performance and risk assessment.
The RLF Program has five categories of program stakeholders, each of which have distinct user roles.
• RLF Recipient - Grantee that manages RLF according to its EDA-approved RLF Plan.
• RLF Administrator - EDA employees who administers a ********* of RLFs in a regional office.
• RLF Coordinator - EDA employee who coordinates policy and program at EDA Headquarters.
• EDA Regional Office - EDA employees in regional offices that also interact with RLF Recipients.
• EDA Headquarters - EDA employees in Washington, D.C. that maintain policy, guidance, and regulations.
3.1 The RLF Program is implementing new risk management regulations, policies, and procedures to support improved governance of the grant program and oversight of the RLF Recipients' management of their loan *********s. Because of the nature of the RLF program, EDA seeks to leverage established and proven industry tools and for risk management and oversight of similar financial for the target RLF System. The system will facilitate RLF reporting, audit review, risk scoring and overs...

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