Town Considers $120,000 Bridge Loan to United 4 Childcare

Freeport Town Council will consider authorizing a $120,000, 24‑month bridge loan at 3% interest to United 4 Childcare, funded through the Concord Gully TIF Development Program. The loan, administered by GPCOG and secured by United 4 Childcare’s assets, is intended to bridge grant reimbursement timing and expand local childcare capacity.

Scope & details

The full contract record, as filed.

Contract amount

$120,000

Contract type

FINANCIAL_SERVICES

Contract term

24-month term at fixed 3% annual interest

Renewal date

2028-06-16

Renewal

Loan expected to be repaid within two years; any extension or restructuring would require separate authorization.

Document type

Agenda

Source document

Town of Freeport Town Council Meeting Agenda 2026-06-16

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Town of Freeport Minutes Town Council Meeting 2026-06-16

APPROVED

Town of Freeport, Maine$120,000 plus approximately $5,559 interestJun 16, 2026

Town of Freeport Minutes Town Council Meeting 2026-06-02

DISCUSSSED

Town of Freeport, Maine$120,000Jun 2, 2026

Town of Freeport Minutes Town Council Meeting 2026-06-02

AWARDED

Town of Freeport, Maine$11,000 fit-up grant (previously awarded)Jun 2, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

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

United 4 Childcare was awarded this financial services contract by Town of Freeport, as recorded on June 16, 2026. The contract value is $120,000.

How much is the United 4 Childcare contract with Town of Freeport worth?

The United 4 Childcare contract with Town of Freeport is valued at $120,000, covering financial services work.

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 Town of Freeport Town Council Meeting Agenda 2026-06-16 (Agenda), dated June 16, 2026 from Town of Freeport. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does United 4 Childcare hold?

United 4 Childcare 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 4 Childcare's profile

What is Town of Freeport currently buying?

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