FINANCIAL_SERVICESONGOING

Renken EDA Revolving Loan Remains Active

The Pine Island EDA report lists a revolving loan to Renken with a current balance of $968,006.36 at 6.3% interest. The original 10-year term began October 5, 2011, with a scheduled maturity in October 2021, but the loan remains active and current as of March 2026.

Status
ONGOING
Document date
March 2, 2026
Contract type
FINANCIAL_SERVICES
Vendor
RENKEN
Agency
City of Pine Island · MN

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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
$968,006.36 (loan balance)
Contract type
FINANCIAL_SERVICES
Contract term
10 years, initiated 10/5/2011, final payment due 10/8/2021
Renewal date
2021-10-08
Renewal
Original 10-year revolving loan scheduled to mature October 8, 2021; report suggests continued current status beyond that date, implying modification or extension, though no explicit renewal terms are provided.
Document type
Report
Source document
City of Pine Island EDA Revolving Loan Funds Report 2026-03-02

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Pine Island?

RENKEN was awarded this financial services contract by City of Pine Island, as recorded on March 2, 2026. The contract value is $968,006.36 (loan balance).

How much is the RENKEN contract with City of Pine Island worth?

The RENKEN contract with City of Pine Island is valued at $968,006.36 (loan balance), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Pine Island EDA Revolving Loan Funds Report 2026-03-02 (Report), dated March 2, 2026 from City of Pine Island. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does RENKEN hold?

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

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What is City of Pine Island currently buying?

Explore City of Pine Island's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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