Central Penn Bank construction loan refinancing underway
Borough of FreeburgCity · Freeburg, PA- Disclosed value
- $150,000.00 (original construction loan), current balance $62,500.00
- From agenda
- Document date
- Aug 13, 2026
The 30-second brief
Freeburg Municipal Authority is working with Central Penn Bank to modify the terms of its $150,000 construction loan, originally set to end October 5, 2026, with $2,500 monthly repayments beginning January 2025. A resolution approving the refinancing was adopted on April 21, 2026, and loan modification language is being developed.
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: Loan end date October 5, 2026; repayments began January 2025 at $2,500/month.
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Contract details
- Contract type
- Financial Services
- Amount
- $150,000.00 (original construction loan), current balance $62,500.00
- Document date
- August 13, 2026
- Term
- Loan end date October 5, 2026; repayments began January 2025 at $2,500/month
- Vendor
- Central Penn Bank
- Agency
- Borough of Freeburg
- Source document
- Freeburg Municipal Authority Agenda August 13, 2026 (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 August 13, 2026. The contract value is $150,000.00 (original construction loan), current balance $62,500.00.
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 (original construction loan), current balance $62,500.00, 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 August 13, 2026 (Agenda), dated August 13, 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.