BLEDA Approves $25,000 Loan for Pizza Factory
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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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