Hello, Guest!
  • Wednesday, May 8, 2024
rer-solutions-awarded-300m-sba-contract-for-covid-19-loan-recommendation-services

RER Solutions Awarded $300M SBA Contract for COVID-19 Loan Recommendation Services

Jeff Brody

RER Solutions has secured a $300 million contract to help the Small Business Administration to determine small business loan recipients during the COVID-19 pandemic, Bloomberg Government reported Wednesday.

The CARES Act federal stimulus package includes $349 billion in loans for smaller companies impacted by the coronavirus crisis and its economic effects, while lawmakers are seeking an additional $450 billion relief for such enterprises, the report noted.

SBA awarded the Herndon, Va.-based company a separate $50 million contract in late March to analyze data and provide recommendations to the agency’s loan program.

RER Solutions has developed a longstanding relationship with the agency. In December 2018, the company won a potential five-year, $100 million contract to support the SBA’s Office of Disaster Assistance in reviewing loan applications from homeowners, renters, businesses and nonprofits through the Disaster Credit Management System.

Video of the Day

Related Articles

Navy Awards 8 Companies Spots on $701M Ship Maintenance IDIQ Contract Awards

Navy Awards 8 Companies Spots on $701M Ship Maintenance IDIQ

Eight companies have won spots on a five-year, $701 million indefinite-delivery/indefinite-quantity contract from the U.S. Navy to repair, maintain and modernize non-nuclear surface ships homeported in Mayport, Florida. The contractors will conduct continuous maintenance emergent maintenance of the ship and provide short-term support to the Chief of Naval Operations, the Department of Defense said Wednesday.

Fearless Awarded CMS CyberGeek Contract Extension Contract Awards

Fearless Awarded CMS CyberGeek Contract Extension

Baltimore, Maryland-based digital services integrator Fearless will continue to help the Centers for Medicare and Medicaid Services improve the security and privacy of CMS systems and sensitive data under an extension to the CyberGeek contract. Fearless said it will work with Coforma and CivicActions to help the CMS Information Security and Privacy Group build a

State Department OKs $2B in FMS Deals With Poland, Netherlands for Extended-Range Anti-Radiation Missile Contract Awards

State Department OKs $2B in FMS Deals With Poland, Netherlands for Extended-Range Anti-Radiation Missile

The State Department has approved the requests of the governments of Poland and the Netherlands to buy an extended-range variant of the Advanced Anti-Radiation Guided Missile system, related equipment and support services from the U.S. government under two foreign military sales deals worth approximately $2 billion combined. Northrop Grumman (NYSE: NOC) will serve as the