Winona County Economic Development Authority Agenda April 2026
Merchants Bank finances Kickass Beef Jerky project
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Description
Merchants Bank is financing $600,000 over 25 years at 7% interest for the Kickass Beef Jerky project, with estimated monthly payments of about $4,241. The bank loan forms a core component of the project’s capital stack along with EDA financing and owner equity.
Contract Details
Contract Amount
$600,000
Vendor
MERCHANTS BANK
Agency
Town of Saratoga, MN
Contract Type
FINANCIAL_SERVICES
Document Date
April 19, 2026
Contract Term
25 year term, 7.0%, approximately $4,241/month payment
Renewal Date
2051-03-31
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Winona County Economic Development Authority Agenda April 2026
Winona County Economic Development Authority Agenda April 2026
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