Boonsboro gets $2M line of credit proposal
Town of BoonsboroCity · Boonsboro, MD- Disclosed value
- $2,000,000
- From proposal
- Document date
- Mar 3, 2025
- Term
- Demand, renewed every two years
The 30-second brief
Middletown Valley Bank proposes a revolving line of credit up to $2,000,000 to the Town of Boonsboro for capital improvement projects. The interest rate is floating at WSJP minus 1.00%, with a floor of 4.00% and the term is demand, renewed every two years.
Middletown Valley Bank holds this revolving line of credit contract with Town of Boonsboro. Its other public contracts on record include work for Rosemont village and Town of Mount Airy.
Term as filed: Demand, renewed every two years.
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Contract details
- Contract type
- Revolving Line Of Credit
- Amount
- $2,000,000
- Document date
- March 3, 2025
- Term
- Demand, renewed every two years
- Vendor
- Middletown Valley Bank
- Agency
- Town of Boonsboro
- Source document
- town-of-boonsboro-proposal-2025-03-03_9f0.pdf (Proposal)
Middletown Valley Bank's other public contracts
More Town of Boonsboro contracts
Questions about this contract
Who was awarded the revolving line of credit contract by Town of Boonsboro?
Middletown Valley Bank was awarded this revolving line of credit contract by Town of Boonsboro, as recorded on March 3, 2025. The contract value is $2,000,000.
How much is the Middletown Valley Bank contract with Town of Boonsboro worth?
The Middletown Valley Bank contract with Town of Boonsboro is valued at $2,000,000, covering revolving line of credit work.
What type of contract is this?
This is a Revolving Line Of Credit contract, documented as a proposal record.
Where was this contract approved?
This contract appears in town-of-boonsboro-proposal-2025-03-03_9f0.pdf (Proposal), dated March 3, 2025 from Town of Boonsboro. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Middletown Valley Bank hold?
Middletown Valley 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.
What is Town of Boonsboro currently buying?
Explore Town of Boonsboro's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.