SLED Opportunity · TEXAS · AUSTIN
AI Summary
The City of Austin seeks a qualified financial institution to partner in a pilot Small Business Loan Interest Buydown Program to reduce or eliminate interest rates on loans for eligible small businesses.
The City of Austin ("City") seeks to establish a contract with a qualified financial institution to serve as a lending partner for a pilot Small Business Loan Interest Buydown Program. The pilot initiative will allow the awarded Contractor to lower or eliminate interest rates on loans made to eligible small businesses using City-funded interest buydown assistance.
SLED stands for State, Local, and Education. These are solicitations issued by state governments, counties, cities, school districts, utilities, and higher education institutions — as opposed to federal agencies.
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