United Southern Bank $3M loan for downtown lots

Scope & details

The full contract record, as filed.

Contract amount

$3,000,000

Contract type

Loan Financing

Contract term

5 years (loan issued September 20, 2020, balloon payment due September 4, 2025)

Renewal date

Renewal

Document type

Minutes

Source document

city-of-eustis-cra-meeting-minutes-july-17-2025_949.pdf

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Town of Astatula Regular Council Meeting Minutes 2026-06-09

ONGOING

Town of Astatula, FloridaJun 9, 2026

city-of-eustis-city-commission-meeting-agenda-october-23-2025_ec3.pdf

COMPLETED

City of Eustis, Florida$3,000,000 original principal; $2,415,777.15 balloon payoffOct 23, 2025

city-of-eustis-cra-meeting-minutes-july-17-2025_b98.pdf

City of Eustis, Florida$3,000,000Jul 17, 2025

howey-in-the-hills-meeting-minutes-2024-10-28-pdf_317.pdf

approved

Town of Howey-in-the-Hills, Florida$250,000Oct 28, 2024

howey-in-the-hills-meeting-minutes-2024-08-12-pdf_cba.pdf

pending

Town of Howey-in-the-Hills, Florida$300,000Aug 12, 2024

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the loan financing contract by City of Eustis?

United Southern Bank was awarded this loan financing contract by City of Eustis, as recorded on July 17, 2025. The contract value is $3,000,000.

How much is the United Southern Bank contract with City of Eustis worth?

The United Southern Bank contract with City of Eustis is valued at $3,000,000, covering loan financing work.

What type of contract is this?

This is a Loan Financing contract, documented as a minutes record.

Where was this contract approved?

This contract appears in city-of-eustis-cra-meeting-minutes-july-17-2025_949.pdf (Minutes), dated July 17, 2025 from City of Eustis. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does United Southern Bank hold?

United Southern Bank 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 United Southern Bank's profile

What is City of Eustis currently buying?

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