Oregon Royalty Fund (ORF) Loan Referral Services

The Oregon Business Development Department (Business Oregon) is soliciting qualified contractors to provide loan referral services for the Oregon Royalty Fund (ORF) loan program under solicitation number S-12300-00011882. The primary role of contractors is to identify eligible prospective loan applicants and refer them to Business Oregon for loan approval and funding consideration. Contracts awarded will have an initial term of five years with the possibility of renewal for an additional five years. Compensation is performance-based, consisting of referral fees of up to 0.75% of the approved and funded loan amount, capped at $7,500 per loan closed. Multiple contracts may be awarded, and payment is contingent upon Business Oregon’s acceptance of completed referral services, emphasizing quality and compliance. The contract includes comprehensive requirements for proposer certification, including adherence to Oregon tax laws, non-discrimination policies, wage equality statutes, and disclosure of any conflicts of interest. Contractors must submit detailed proposals responding to evaluation criteria weighted heavily toward experience in economic development within Oregon, methodology for screening projects, client responsiveness, and partnership capacity with private investors. The contract stipulates strict compliance with applicable Oregon statutes and regulations, including criminal background checks for employees engaged in the work and confidentiality obligations via nondisclosure agreements. Services must conform to high industry standards, and contractors assume full responsibility for indemnification and legal compliance. Documentation supporting performance, such as referral forms and reference checks, is standardized. The contract and solicitation emphasize transparency in procurement, require submission via OregonBuys, and include stringent proposal format, certification, and confidentiality protocols, ensuring a thorough and accountable referral process for the ORF program.