CONTRACTPENDING

Harbor Bank approved a $2M Line of Credit

Town of Andover
Disclosed value
$2,000,000
From minutes
Document date
Jun 19, 2025

The 30-second brief

What it covers

Harbor Bank and Trust's proposal for a $2 million line of credit is ready to be signed, with an interest rate of 5.52% if borrowed against. There is no downside to signing this today.

Who holds it

Harbor Bank & Trust holds this line of credit contract with Town of Andover.

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Contract details

Contract type
Line Of Credit
Amount
$2,000,000
Document date
June 19, 2025
Term
NA
Vendor
Harbor Bank & Trust
Source document
andover-selectboard-meeting-minutes-june-19-2025_780.pdf (Minutes)

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Questions about this contract

Who was awarded the line of credit contract by Town of Andover?

Harbor Bank & Trust was awarded this line of credit contract by Town of Andover, as recorded on June 19, 2025. The contract value is $2,000,000.

How much is the Harbor Bank & Trust contract with Town of Andover worth?

The Harbor Bank & Trust contract with Town of Andover is valued at $2,000,000, covering line of credit work.

What type of contract is this?

This is a Line Of Credit contract, documented as a minutes record.

Where was this contract approved?

This contract appears in andover-selectboard-meeting-minutes-june-19-2025_780.pdf (Minutes), dated June 19, 2025 from Town of Andover. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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