Authority Refinances Construction Loan With Central Penn Bank
Borough of FreeburgCity · Freeburg, PA- Disclosed value
- $150,000.00 (construction loan; current balance $65,000.00)
- From agenda
- Document date
- Jul 16, 2026
The 30-second brief
The Freeburg Municipal Authority is modifying its $150,000 construction loan with Central Penn Bank, which carries a current balance of $65,000 and monthly payments of $2,500 through October 5, 2026. Central Penn Bank is preparing refinancing and modification language following an April 21, 2026 resolution.
Central Penn Bank holds this financial services contract with Borough of Freeburg. Its other public contracts on record include work for Town of Chapman and Mifflinburg Area SD.
Term as filed: Repayments begun January 2025 at $2,500/month; loan end date October 5, 2026.
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Contract details
- Contract type
- Financial Services
- Amount
- $150,000.00 (construction loan; current balance $65,000.00)
- Document date
- July 16, 2026
- Term
- Repayments begun January 2025 at $2,500/month; loan end date October 5, 2026
- Vendor
- Central Penn Bank
- Agency
- Borough of Freeburg
- Source document
- Freeburg Municipal Authority Agenda 2026-07-16 (Agenda)
Central Penn Bank's other public contracts
More Borough of Freeburg contracts
Questions about this contract
Who was awarded the financial services contract by Borough of Freeburg?
Central Penn Bank was awarded this financial services contract by Borough of Freeburg, as recorded on July 16, 2026. The contract value is $150,000.00 (construction loan; current balance $65,000.00).
How much is the Central Penn Bank contract with Borough of Freeburg worth?
The Central Penn Bank contract with Borough of Freeburg is valued at $150,000.00 (construction loan; current balance $65,000.00), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agenda record.
Where was this contract approved?
This contract appears in Freeburg Municipal Authority Agenda 2026-07-16 (Agenda), dated July 16, 2026 from Borough of Freeburg. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Central Penn Bank hold?
Central Penn 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 Borough of Freeburg currently buying?
Explore Borough of Freeburg's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.