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Virginia bid · open for prices

Short-Term Lending Database

This bid is to implement and operate a short-term lending database serving Virginia, with work performed at your site for a client located at 1300 East Main Street, Richmond, Virginia 23219.

Due
November 20, 2026
19 days left
Location
Richmond, VA
Virginia
Posted on
mvendor.cgieva.com
Notice ID
SCC-26-018-BFI

The original documents

Deadline: November 20, 2026

See the original on mvendor.cgieva.com

Bidding it yourself? Get the full package and submit on mvendor.cgieva.com before November 20, 2026.

What they need

  • Core functionalityReal-time online loan eligibility checks, ineligibility reasons, loan lifecycle tracking, historical data migration, and downloadable reports.
  • IntegrationsImport lender information from an existing financial institution information system and offer direct interfaces with lender point-of-sale systems.
  • SecurityEncryption in transit and at rest, role-based access, MFA, audit logging, annual independent security assessments and penetration testing, and daily off-site backups within the United States.
  • SupportToll-free inquiry line, secure 24/7 alternative database access, user training, ongoing maintenance, and annually tested disaster recovery and business continuity plans.
  • ScheduleTarget go-live March 14, 2027; initial two-year term with three optional two-year renewals.
  • PricingProvide a fee per completed loan, supported by separate implementation and annual operating cost breakdowns. Operating revenue comes solely from lender-paid transaction fees collected weekly; 2025 volume was 16,205 loans.

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