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Loanpending

town-of-galestownmeeting-minutes2025-03-10_3ba.pdf

Boonsboro Considers $2 Million Line of Credit

$2,000,000Town of GalestownMIDDLETOWN VALLEY BANKMarch 10, 2025

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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

The town of Boonsboro is considering a revolving line of credit up to $2,000,000 from Middletown Valley Bank for capital improvement projects and short-term funding needs. The council is also considering exploring offers from other banks before making a final decision.

Contract Details

Contract Amount

$2,000,000

Vendor

MIDDLETOWN VALLEY BANK

Agency

Town of Galestown, MD

Contract Type

Loan

Document Date

March 10, 2025

Contract Term

NA

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