When is the submission deadline?

Submissions are due August 31, 2026. Questions must be submitted by August 14, 2026.

What is the budget for this RFP?

The published budget is $1,000,000.

It was issued by Empire State Development. The work is located in New York, United States.

Who is a good fit for this opportunity?

Community development financial institutions and mission-driven lenders. Firms experienced in administering small-business loan programs. Organizations with expertise serving minority-owned and women-owned enterprises. Local or regional economic development professionals with New York market knowledge. Providers experienced in loan underwriting, servicing, compliance, and portfolio administration.

Minority and Women Revolving Loan Trust Fund Services (Due August 31, 2026)

Overview

Financial, Legal, HR & Staffing

New York, United StatesPosted: July 31, 2026Deadline: August 31, 2026

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SUMMARY

New York seeks a vendor to administer revolving loan trust fund services for minority-owned and women-owned businesses. The program includes working capital loans of up to $35,000 and acquisition loans of up to $50,000.

KEY REQUIREMENTS

BUDGET

Verified

$1,000,000

TIMELINE

Release of Request for Applications: July 31st, 2026

Deadline for Submission of Questions: August 14th, 2026

Deadline for ESD to Respond to Questions: August 19th, 2026

Submission of Applications: August 31st, 2026

Anticipated Announcement of Selections: September 2026

Anticipated Contract Start Date: October 2026

QUESTION DEADLINE

August 14, 2026

CONTACTS

Primary procurement contact — name, title, email, and phone

Additional decision-makers and their departments

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Issuing Agency

Empire State Development

Organization overview and procurement intelligence available on paid plans.

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DESCRIPTION

The government authority in New York is seeking a vendor to provide minority and women revolving loan trust fund services. The program is intended to support minority-owned business enterprises and women-owned business enterprises through financing designed to help them grow and succeed.

The services will include administering working capital loans of up to $35,000 and loans of up to $50,000 for the acquisition of real property, machinery, and equipment. Local and community-based economic development professionals will be responsible for processing loan applications and making and administering the loans, providing a tool to support broad-based community economic development.

All questions regarding the opportunity must be submitted no later than August 14, 2026.

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Frequently asked questions

When is the submission deadline?: Submissions are due August 31, 2026. Questions must be submitted by August 14, 2026.
What is the budget for this RFP?: The published budget is $1,000,000.
Who issued this RFP?: It was issued by Empire State Development. The work is located in New York, United States.
Who is a good fit for this opportunity?: Community development financial institutions and mission-driven lenders
Firms experienced in administering small-business loan programs
Organizations with expertise serving minority-owned and women-owned enterprises
Local or regional economic development professionals with New York market knowledge
Providers experienced in loan underwriting, servicing, compliance, and portfolio administration

Analysis generated by Settle AI from the source RFP.

RFP Hunter shows what is open. Settle shows what is forming.

Settle pieces together buyer signals, budgets, contract activity, and the sources your team already monitors. See why an opportunity fits and what to do before the RFP posts.

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