FINANCIAL_SERVICESPENDING

City Plans Zero-Interest Loan With Blue Ridge Energy

The City of Lenoir plans to finance a new 107-foot ladder quint fire truck using a 7-year, 0% interest Rural Economic Development Loan and Grant (REDLG) loan through Blue Ridge Energy. The financing will support fire department capital needs without using General Fund balance.

Status
PENDING
Document date
May 21, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Blue Ridge Energy
Agency
City of Lenoir · NC

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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
7-year, 0% interest rate loan (amount not stated)
Contract type
FINANCIAL_SERVICES
Contract term
7-year, 0% interest rate loan
Renewal
Single 7-year loan under the REDLG program for a fire apparatus; no renewals referenced.
Document type
Budget
Source document
City of Lenoir Budget Review Agenda and Financial Summary 2026-05-21

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Lenoir?

Blue Ridge Energy was awarded this financial services contract by City of Lenoir, as recorded on May 21, 2026. The contract value is 7-year, 0% interest rate loan (amount not stated).

How much is the Blue Ridge Energy contract with City of Lenoir worth?

The Blue Ridge Energy contract with City of Lenoir is valued at 7-year, 0% interest rate loan (amount not stated), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a budget record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Lenoir Budget Review Agenda and Financial Summary 2026-05-21 (Budget), dated May 21, 2026 from City of Lenoir. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Blue Ridge Energy hold?

Blue Ridge Energy 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 Blue Ridge Energy's profile

What is City of Lenoir currently buying?

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

View City of Lenoir's profile

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