Township Approves $200,000 Loan to T & T Excavating
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Description
Marcell Township approved a Business One Loan of $200,000 at 4% interest over 10 years to T & T Excavating. The financing supports the local excavating business under the township’s Business One Loan program.
Contract Details
Contract Amount
$200,000 at a 4% interest rate
Vendor
T & T EXCAVATING
Agency
City of Effie, MN
Contract Type
FINANCIAL_SERVICES
Document Date
September 10, 2025
Contract Term
10-year period
Renewal Info
Fixed-term 10-year Business One Loan at 4% interest; no renewal terms mentioned.
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