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Loanpending

town-of-smoaks-agenda-2024-08-27_b45.pdf

Colleton County Secures $2.3M USDA Loan for Airport

$2,300,000Town of SmoaksUSDA RURAL DEVELOPMENT LOAN PROGRAMAugust 27, 2024

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

Colleton County authorizes borrowing $2.3 million through the USDA Rural Development Loan Program. This is to finance the construction of a new fuel farm and two T-hanger units at the Lowcountry Regional Airport, with the loan repayment term being 30 years.

Contract Details

Contract Amount

$2,300,000

Vendor

USDA RURAL DEVELOPMENT LOAN PROGRAM

Agency

Town of Smoaks, SC

Contract Type

Loan

Document Date

August 27, 2024

Contract Term

30 years

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