Revolving Line of Credit Services and Loan Administration Re-issue

The Houston-Galveston Area Council, acting on behalf of the Corporation for Regional Excellence, is seeking proposals for a revolving line of credit of up to $10 million to address short-term funding gaps caused by reimbursement-based grant cycles, contract payments, and operational expenses. The financing arrangement aims to secure favorable terms, including competitive interest rates, flexible repayment options, and a streamlined process for accessing funds. The line of credit is intended to support the organization over a period of two to five years, providing essential liquidity to ensure ongoing project and operational continuity. The solicitation, identified as RFP-FI-LOCLOAN-09-25, was posted on September 3, 2025, with a response deadline of October 16, 2025. The procurement process emphasizes compliance with federal and state regulations, with contractual provisions covering scope of work, performance periods, payment terms, reporting requirements, insurance, subcontracting, and audit rights. The related documentation includes general provisions templates that establish legal authority, independent contractor status, and conditions for service delivery, payment, and contract termination. The primary point of contact for inquiries is Virginia Virgen, reachable via email or phone. The project aims to establish a reliable financial partnership to facilitate short-term funding needs within the specified parameters.