Loanpending
town-of-pendleton-town-council-meeting-agenda-august-5-2025_265.pdf
Financing public works equipment with loan agreement
$1,000,000Town of PendletonPEOPLES BANKAugust 5, 2025
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Description
Town of Pendleton is considering a $1,000,000 master lease agreement with The Peoples Bank to finance equipment for municipal purposes at an interest rate of 4.875% for a 4 year term. The board will present to council for approval on August 5th 2025
Contract Details
Contract Amount
$1,000,000
Vendor
PEOPLES BANK
Agency
Town of Pendleton, SC
Contract Type
Loan
Document Date
August 5, 2025
Contract Term
4 years
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