County Loan Agreement with Southeastern Container for Reuse Grant

Buncombe County will enter a Legally Binding Commitment with Southeastern Container, Inc. to loan $100,000 in State Building Reuse funds for renovating its Enka manufacturing facility. The agreement requires Southeastern Container to complete specified improvements and meet job creation and retention milestones, with potential repayment obligations if targets are not achieved.

Scope & details

The full contract record, as filed.

Contract amount

$100,000 loan funded entirely by State grant funds

Contract type

FINANCIAL_SERVICES

Contract term

Grant Term 2026-02-19 to 2028-02-19; loan and job maintenance obligations extend through project completion and job retention period

Renewal date

2028-02-19

Renewal

Loan and performance obligations are governed by the LBC for the duration of the grant term and specified job retention period; no automatic renewal is indicated, but project monitoring and potential extensions would require written agreement.

Document type

AgendaPacket

Source document

Buncombe County Board of Commissioners Agenda Packet 2026-08-18

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Buncombe County?

Southeastern Container Inc was awarded this financial services contract by Buncombe County, as recorded on August 18, 2026. The contract value is $100,000 loan funded entirely by State grant funds.

How much is the Southeastern Container Inc contract with Buncombe County worth?

The Southeastern Container Inc contract with Buncombe County is valued at $100,000 loan funded entirely by State grant funds, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Buncombe County Board of Commissioners Agenda Packet 2026-08-18 (AgendaPacket), dated August 18, 2026 from Buncombe County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Southeastern Container Inc hold?

Southeastern Container Inc 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 Southeastern Container Inc's profile

What is Buncombe County currently buying?

Explore Buncombe County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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