City Backs CDBG Loan For Rudy’s Smokehouse Troy Location

Troy’s Loan Review Committee has endorsed a $294,160.84 CDBG Economic Development Revolving Loan Fund loan to Synergy Point LLC dba Rudy’s Smokehouse to purchase equipment for a new restaurant at 111 W. Water Street. The seven‑year loan at 3.375% interest will start with six months of interest‑only payments and is secured by a UCC filing on equipment and personal guarantees.

Scope & details

The full contract record, as filed.

Contract amount

$294,160.84

Contract type

FINANCIAL_SERVICES

Contract term

84 months (7 years), six months interest-only then principal and interest

Renewal date

2033-09-01

Renewal

New seven‑year loan; payment structure includes six months of interest‑only followed by principal and interest for the remaining term. No renewal options stated.

Document type

AgendaPacket

Source document

Troy City Council Committee Meeting Agenda Packet 2026-07-27

Related contracts

Other contracts from Synergy Point Llc Dba Rudy's Smokehouse.

View all →

Troy City Council Agenda Packet 2026-08-03

PENDING

Town of Troy, OhioAug 3, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Troy?

Synergy Point Llc Dba Rudy's Smokehouse was awarded this financial services contract by Town of Troy, as recorded on July 26, 2026. The contract value is $294,160.84.

How much is the Synergy Point Llc Dba Rudy's Smokehouse contract with Town of Troy worth?

The Synergy Point Llc Dba Rudy's Smokehouse contract with Town of Troy is valued at $294,160.84, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Troy City Council Committee Meeting Agenda Packet 2026-07-27 (AgendaPacket), dated July 26, 2026 from Town of Troy. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Synergy Point Llc Dba Rudy's Smokehouse hold?

Synergy Point Llc Dba Rudy's Smokehouse 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 Synergy Point Llc Dba Rudy's Smokehouse's profile

What is Town of Troy currently buying?

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

View Town of Troy's profile