FINANCIAL_SERVICESONGOING

USDA Finances Smithfield Fire Ladder Truck

Smithfield is repaying a 20-year, $1,126,105 USDA loan at 3.00% interest for a fire department ladder truck, maturing October 3, 2039. The obligation is carried in the FY 2026-2027 debt service budget.

Status
ONGOING
Document date
June 2, 2026
Contract type
FINANCIAL_SERVICES
Vendor
USDA
Agency
Town of Smithfield · NC

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WithersRavenel logo
Derivita logo
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Scope & details

The full contract record, as filed.

Contract amount
$1,126,105
Contract type
FINANCIAL_SERVICES
Contract term
20 years; October 3, 2019 – October 3, 2039
Renewal date
2039-10-03
Renewal
Fixed-term USDA loan; no renewal options indicated, with maturity scheduled for October 3, 2039.
Document type
Budget
Source document
Town of Smithfield Adopted Budget 2026-06-02

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Frequently asked questions

Common questions about this contract, answered from the record.

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

USDA was awarded this financial services contract by Town of Smithfield, as recorded on June 2, 2026. The contract value is $1,126,105.

How much is the USDA contract with Town of Smithfield worth?

The USDA contract with Town of Smithfield is valued at $1,126,105, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a budget record.

Where was this contract approved?

This contract appears in Town of Smithfield Adopted Budget 2026-06-02 (Budget), dated June 2, 2026 from Town of Smithfield. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does USDA hold?

USDA may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Town of Smithfield currently buying?

Explore Town of Smithfield's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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