town-of-freeburg-regular-board-meeting-agenda-october-6-2025_cbf.pdf
Citizens Community Bank Proposed for Backhoe Financing
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Description
Freeburg's board agenda proposes securing a 12‑month, $35,000 equipment financing loan at 4.5% interest from Citizens Community Bank. The financing would cover part of the cost of a new backhoe purchase.
Contract Details
Contract Amount
Financing $35,000 at 4.5% for 12 months
Vendor
CITIZENS COMMUNITY BANK
Agency
Town of Freeburg, IL
Contract Type
FINANCIAL_SERVICES
Document Date
October 6, 2025
Contract Term
12 months
Renewal Info
Short‑term 12‑month loan; no renewals or extensions referenced.
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