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FINANCIAL_SERVICESAPPROVED

Big Lake Economic Development Authority AgendaPacket 2026-06-08

BLEDA Approves $25,000 Loan for Pizza Factory

$25,000City of Big LakePIZZA FACTORYJune 8, 2026

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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
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

Big Lake Economic Development Authority approved a $25,000 revolving loan to Pizza Factory. The ten-year loan is provided at a 4.75% interest rate, with the initial payment due in November 2026. This loan is part of BLEDA's financial support and revolving loan fund program.

Contract Details

Contract Amount

$25,000

Vendor

PIZZA FACTORY

Agency

City of Big Lake, MN

Contract Type

FINANCIAL_SERVICES

Document Date

June 8, 2026

Contract Term

10 years, First Payment 11/1/26

Renewal Date

2036-11-01

Renewal Info

Standard 10-year repayment with no explicit auto-renewal or extension clauses mentioned. No amendments noted as of current meeting.

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