St. Joseph Economic Development Authority AgendaPacket 2026-06-16
EDA Approves $60k Loan to Krewe and Flower and Flour
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Description
The St. Joseph Economic Development Authority approved a $60,000 revolving loan fund at 3% interest over ten years for Krewe and Flower and Flour. The joint loan enables the businesses to purchase their occupied buildings and suites, pending conditions.
Contract Details
Contract Amount
$60,000
Vendor
KREWE AND FLOWER AND FLOUR
Agency
City of St. Joseph, MN
Contract Type
FINANCIAL_SERVICES
Document Date
June 16, 2026
Contract Term
10 years at 3% interest rate
Renewal Date
2036-05-19
Renewal Info
10-year loan term; subject to loan terms specified, with standard payment schedule.
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