Empire State Development NYS Minority and Women Revolving Loan Trust Fund RFA 2026
NY-State-Empire State DevelopmentState · Albany, NY- Due
- Aug 31, 2026
- Deadline passed
- Posted
- Jul 31, 2026
- Primary contact
- Caitlin Armstrong
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THE 30-SECOND BRIEF
Empire State Development (ESD) is soliciting applications from eligible Administering Corporations to manage accounts under the Minority and Women Revolving Loan Trust Fund (MWRLTF). Selected administrators will manage accounts of up to $1,000,000 to provide working capital loans (up to $35,000) and equipment/real property loans (up to $50,000) to Minority-Owned Business Enterprises (MBEs) and Women-Owned Business Enterprises (WBEs). Eligible applicants include empire zone capital corporations, local development corporations, industrial development agencies, and federally certified Community Development Financial Institutions (CDFIs). A total of $15,000,000 has been allocated to the program. Applications must be submitted via the Submittable platform by August 31, 2026, at 3:00 PM ET. Questions are due by August 14, 2026.
Executive Summary, Organizational Information and Capacity, Certificate of Incorporation, Bylaws, Audited Financials (2023-2025), Lending Activity Reports, Strategic Plan
Track Record (30%), Lending/Underwriting Capacity (25%), Strategic Vision (15%), Institutional Capacity (10%), Organizational Stability (10%), Application Completeness (5%), Regulatory Compliance (5%)
SUMMARY
Empire State Development (ESD) is soliciting applications from eligible Administering Corporations to manage accounts under the Minority and Women Revolving Loan Trust Fund (MWRLTF).
Selected administrators will manage accounts of up to $1,000,000 to provide working capital loans (up to $35,000) and equipment/real property loans (up to $50,000) to Minority-Owned Business Enterprises (MBEs) and Women-Owned Business Enterprises (WBEs). Eligible applicants include empire zone capital corporations, local development corporations, industrial development agencies, and federally certified Community Development Financial Institutions (CDFIs). A total of $15,000,000 has been allocated to the program. Applications must be submitted via the Submittable platform by August 31, 2026, at 3:00 PM ET. Questions are due by August 14, 2026.
EVALUATION CRITERIA
REQUIRED DELIVERABLES
7- Executive Summary
- Organizational Information and Capacity
- Certificate of Incorporation
- Bylaws
- Audited Financials (2023-2025)
- Lending Activity Reports
- Strategic Plan
REQUIRED ATTACHMENTS
9- Resumes of key staff
- Certificate of incorporation
- CDFI certification letter
- Bylaws
- FDIC Bank Examination Reports
- Annual report
- Audited financials
- W-9 Form
- Gender-Based Violence and the Workplace Certification
- Submit to
- Submittable messaging / ESD Capital Access Application Manager
- Scope location
- New York, NY
- Reported agency
- Empire State Development
Questions about this RFP
How do I respond to this RFEI from NY-State-Empire State Development?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is August 31, 2026. The solicitation specifies required deliverables that must be addressed in your response. Be sure to include all required attachments as outlined in the solicitation. Submissions should be delivered to: Submittable messaging / ESD Capital Access Application Manager. For questions, contact Caitlin Armstrong.
Can small businesses or minority-owned firms bid on this RFEI?
Most government agencies, including NY-State-Empire State Development in NY, encourage participation from small businesses, minority-owned, women-owned, and disadvantaged business enterprises (MBE/WBE/DBE). Check the full solicitation for any small business participation goals.
What happens after the RFEI submission deadline?
After the deadline, the issuing agency reviews all submissions against the stated evaluation criteria. This typically includes a compliance check, technical evaluation, cost analysis, and may involve oral presentations with shortlisted vendors.
Can I ask questions about this solicitation before submitting?
Yes, most solicitations allow vendors to submit questions during a designated period. The primary contact is Caitlin Armstrong. Questions and answers are typically shared with all prospective bidders.
What are the key deliverables?
The solicitation specifies the following deliverables: Executive Summary, Organizational Information and Capacity, Certificate of Incorporation, Bylaws, Audited Financials (2023-2025), Lending Activity Reports, Strategic Plan. Proposals should clearly address how each deliverable will be met.
Can I search RFEIs like this in ChatGPT or Claude?
Yes. Civic IQ has an MCP server that connects ChatGPT, Claude and other AI assistants to live Civic IQ data: open RFPs, pre-RFP signals from public meetings, awarded contracts and agency decision-makers across 100,000+ US public agencies. Add https://beta.mcp.civiciq.com/mcp as a connector (in ChatGPT under Settings > Apps & Connectors, in Claude under Settings > Connectors) and sign in with a free Civic IQ account at civiciq.com/mcp.
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What are the evaluation criteria for this solicitation?
This solicitation includes specific evaluation criteria that will be used to score proposals. The criteria include: "Track Record (30%), Lending/Underwriting Capacity (25%), Strategic Vision (15%), Institutional Capacity (10%), Organizational Stability (10%), Application Completeness (5%), Regulatory Compliance (5%)" Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from NY-State-Empire State Development?
All active and historical solicitations from NY-State-Empire State Development are tracked and searchable. As a state agency, NY-State-Empire State Development regularly publishes solicitations. Visit the agency profile to see current open bids, past contracts, vendor relationships, and decision-maker contacts.
What documents are required to bid on this RFEI?
Requirements vary by solicitation, but common documents include a technical proposal, cost/price proposal, proof of insurance, relevant certifications, past performance references, and any forms specified in the solicitation. This solicitation specifically requires the following attachments: Resumes of key staff, Certificate of incorporation, CDFI certification letter, Bylaws, FDIC Bank Examination Reports, Annual report, Audited financials, W-9 Form, Gender-Based Violence and the Workpla. Review the full document from NY-State-Empire State Development for the complete list.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: New York, NY. Review the full solicitation for detailed scope requirements.