PACE Business Seeking Proposals for Technical Assistance & Loans

PACE is seeking proposals from qualified and experienced organizations and institutions to provide business Technical Assistance and obtain loans for the clients of the City’s Los Angeles BusinessSource Center System (LABSC) in the amount up to $25,000 ~ $2.0 million in order to start, stabilize, or expand a business to retain or create jobs. .

PACE anticipates that contracts will be awarded to successful proposers for an initial period of twelve (12) months, July 1, 2019 to July 31, 2020 with an option to extend to the following years, depending on continued approval from the City of Los Angeles. At PACE’s sole option, any extension of the contract term will be contingent upon the availability of funds, evaluation of subcontractor’s performance, subcontractor’s continuing compliance with applicable federal, state, and local government laws and regulations. PACE reserves the right to adjust the contract term, amount and scope in order to best serve the needs of City residents and small business and regulations of the grant or fund sources.

For more information, download the RFP below: