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Department of Agriculture Awarded a Contract to PROCTOR FINANCIAL INC. for $1,178,184.00

Signed on

12/29/2020, 12:00 AM

PROCTOR FINANCIAL INC. Government Contract #12C0BA21C0001

PROCTOR FINANCIAL INC. was awarded a contract with the United States Government for $1,178,184.00. The contract was awarded by the agency office USDA/RD/CONTRACT OPERATIONS BRANCH, which is a division with the Rural Housing Service within the Department of Agriculture.

Summary of Award

Proctor Financial Inc., based in Michigan, is the recipient of a federal contract worth $1,178,184 from the Department of Agriculture's Rural Housing Service. The contract is for a nationwide lender-placed insurance program lasting five years. Notable transactions include various amounts disbursed to Proctor Financial Inc., ranging from $0 to $246,000, with the latest transaction being a payment of $17,124.

Contract Details

Contract ID12C0BA21C0001
Contract TypeD
Total Obligation$1,178,184.00
Exercised Options$1,178,184.00
Base Amount + Options$1,178,184.00
Date Signed2020-12-29
Contract DescriptionTHIS CONTRACT PROVIDES FOR A ONE BASE YEAR AND 4 OPTION PERIODS OF ONE YEAR EACH, PROVIDING FOR FIVE YEAR POP PROVIDED ALL OPTION PERIODS ARE EXERCISED TO PROVIDE NATIONWIDE LENDER-PLACED INSURANCE. CONTRACT 12C0BA21C0001
Start Date2020-12-30
End Date2025-12-29

Agency Details

Awarding AgencyDepartment of Agriculture
Awarding Sub AgencyRural Housing Service
Awarding OfficeUSDA/RD/CONTRACT OPERATIONS BRANCH
Funding AgencyDepartment of Agriculture
Funding Sub AgencyRural Housing Service
Funding OfficePROCUREMENT MANAGEMENT OFFICE

Recipient Details

RecipientPROCTOR FINANCIAL INC.
Recipient Location5225 CROOKS RD TROY MICHIGAN, UNITED STATES
Business CategoriesCategory Business, Corporate Entity Not Tax Exempt, Not Designated a Small Business, Special Designations, U.S.-Owned Business

Comments

Award Transactions

Transaction #P00015$-17,124.00June 4, 2025

Rural Housing Service, a sub agency of Department of Agriculture, issued a payment of $-17,124.00 to PROCTOR FINANCIAL INC.. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00013$246,000.00December 20, 2024

Rural Housing Service, a sub agency of Department of Agriculture, issued a payment of $246,000.00 to PROCTOR FINANCIAL INC.. The payment included a Subsidy Cost of $0.00.

Transaction #P00012$0.00September 26, 2024

Rural Housing Service, a sub agency of Department of Agriculture, issued a payment of $0.00 to PROCTOR FINANCIAL INC.. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00011$64,000.00May 15, 2024

Rural Housing Service, a sub agency of Department of Agriculture, issued a payment of $64,000.00 to PROCTOR FINANCIAL INC.. The payment included a Subsidy Cost of $0.00.

Transaction #P00010$121,500.00February 27, 2024

Rural Housing Service, a sub agency of Department of Agriculture, issued a payment of $121,500.00 to PROCTOR FINANCIAL INC.. The payment included a Subsidy Cost of $0.00.

Transaction #P00009$64,500.00December 26, 2023

Rural Housing Service, a sub agency of Department of Agriculture, issued a payment of $64,500.00 to PROCTOR FINANCIAL INC.. The payment included a Subsidy Cost of $0.00.

Transaction #P00008$36,160.00December 20, 2023

Rural Housing Service, a sub agency of Department of Agriculture, issued a payment of $36,160.00 to PROCTOR FINANCIAL INC.. The payment included a Subsidy Cost of $0.00.

Transaction #P00007$186,000.00February 21, 2023

Rural Housing Service, a sub agency of Department of Agriculture, issued a payment of $186,000.00 to PROCTOR FINANCIAL INC.. The payment included a Subsidy Cost of $0.00.

Transaction #P00006$0.00December 23, 2022

Rural Housing Service, a sub agency of Department of Agriculture, issued a payment of $0.00 to PROCTOR FINANCIAL INC.. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00005$0.00October 28, 2022

Rural Housing Service, a sub agency of Department of Agriculture, issued a payment of $0.00 to PROCTOR FINANCIAL INC.. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00004$0.00May 17, 2022

Rural Housing Service, a sub agency of Department of Agriculture, issued a payment of $0.00 to PROCTOR FINANCIAL INC.. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00003$60,000.00February 16, 2022

Rural Housing Service, a sub agency of Department of Agriculture, issued a payment of $60,000.00 to PROCTOR FINANCIAL INC.. The payment included a Subsidy Cost of $0.00.

Transaction #P00002$186,000.00December 22, 2021

Rural Housing Service, a sub agency of Department of Agriculture, issued a payment of $186,000.00 to PROCTOR FINANCIAL INC.. The payment included a Subsidy Cost of $0.00.

Transaction #P00001$45,148.00September 24, 2021

Rural Housing Service, a sub agency of Department of Agriculture, issued a payment of $45,148.00 to PROCTOR FINANCIAL INC.. The payment included a Subsidy Cost of $0.00.

Transaction #0$186,000.00December 29, 2020

Rural Housing Service, a sub agency of Department of Agriculture, issued a payment of $186,000.00 to PROCTOR FINANCIAL INC.. The payment included a Subsidy Cost of $0.00.