FINANCIAL_SERVICESRECOMMENDED

Freedom Financial Submits Ladder Truck Loan Proposal

Freedom Financial offered the Town of Duck a 10-year financing proposal for its $1,769,492 ladder truck purchase at 4.39% interest, with total interest of $454,581.60. The bid is one of several options Council will consider in selecting a lender.

Status
RECOMMENDED
Document date
April 1, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Freedom Financial
Agency
Town of Duck · NC

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$1,769,492 principal; total interest $454,581.60 at 4.39%
Contract type
FINANCIAL_SERVICES
Contract term
10 years, level annual payments, first payment due one year from closing, no prepayment penalty noted
Renewal date
2036-04-01
Renewal
Proposed new installment loan with level annual payments over 10 years.
Document type
Agenda
Source document
Town of Duck Council Meeting Agenda April 1, 2026

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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 Duck?

Freedom Financial was awarded this financial services contract by Town of Duck, as recorded on April 1, 2026. The contract value is $1,769,492 principal; total interest $454,581.60 at 4.39%.

How much is the Freedom Financial contract with Town of Duck worth?

The Freedom Financial contract with Town of Duck is valued at $1,769,492 principal; total interest $454,581.60 at 4.39%, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Town of Duck Council Meeting Agenda April 1, 2026 (Agenda), dated April 1, 2026 from Town of Duck. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Freedom Financial hold?

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

View Freedom Financial's profile

What is Town of Duck currently buying?

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

View Town of Duck's profile

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