FINANCIAL_SERVICESPENDING

Borough Pursues $400K Penn Community Loan For Baringer

Silverdale Borough is exploring a $400,000 loan from Penn Community to finance the Baringer Avenue project, including grant matching funds and anticipated overages. Loan officer Trever Harrison is preparing the application with a proposed 9‑month interest-only period and 5‑year payoff option.

Status
PENDING
Document date
February 2, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Penn Community
Agency
Borough of Silverdale · PA

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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

Scope & details

The full contract record, as filed.

Contract amount
$400,000.00 (proposed)
Contract type
FINANCIAL_SERVICES
Contract term
Proposed 9-month interest-only period with option of 5-year payoff
Renewal
Prospective loan structure includes an initial interest-only phase followed by a 5-year repayment period; no renewal options mentioned.
Document type
Minutes
Source document
Silverdale Borough Council Meeting Minutes February 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Borough of Silverdale?

Penn Community was awarded this financial services contract by Borough of Silverdale, as recorded on February 2, 2026. The contract value is $400,000.00 (proposed).

How much is the Penn Community contract with Borough of Silverdale worth?

The Penn Community contract with Borough of Silverdale is valued at $400,000.00 (proposed), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Silverdale Borough Council Meeting Minutes February 2026 (Minutes), dated February 2, 2026 from Borough of Silverdale. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Penn Community hold?

Penn Community may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Penn Community's profile

What is Borough of Silverdale currently buying?

Explore Borough of Silverdale's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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