Standard Contract Governs Path to Success Loans

The Pendleton Development Commission utilizes a standard loan contract for Path to Success recipients, outlining a two‑year forgivable loan structure tied to performance. The agreement governs disbursement, forgiveness schedule, reporting, and default remedies for participating businesses.

Document date · January 23, 2023

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Two years from contract effective date; loan forgiven over that period in scheduled increments

Renewal

Contract specifies a two‑year term with a fixed forgiveness schedule; any extension or modification would require explicit amendment and mutual agreement.

Document type

Agenda

Source document

jump_start_committee_agenda_january_23_2023.pdf

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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 Pendleton?

Pendleton Development Commission was awarded this financial services contract by City of Pendleton, as recorded on January 23, 2023.

What type of contract is this?

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

Where was this contract approved?

This contract appears in jump_start_committee_agenda_january_23_2023.pdf (Agenda), dated January 23, 2023 from City of Pendleton. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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