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Ashland approves $35K forgivable loan for BGNG, LLC

City of Ashland
Disclosed value
$35,439.44
From contract
Document date
Jan 1, 2025
Term
5 years

The 30-second brief

What it covers

City of Ashland approves a forgivable loan of $35,439.44 to BGNG, LLC for property development, aimed at boosting economic activity in Tax Increment District No. 10. The loan is interest-free and payment-free, contingent upon BGNG, LLC maintaining property ownership and operating the business by January 1, 2027.

Who holds it

BGNG holds this loan contract with City of Ashland. Its other public contracts on record include work for Town of Ashland.

What happens next

Term as filed: 5 years.

See who signed off on this $35.4K contract.

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Contract details

Contract type
Loan
Amount
$35,439.44
Document date
January 1, 2025
Term
5 years
Vendor
BGNG
Agency
City of Ashland
Source document
city-of-ashland-loan-agreement-with-bgng-llc_b62.pdf (Contract)

BGNG's other public contracts

City of Ashland, WisconsinAshland Approves $35K Loan for New Retail Store · Oct 28, 2025$35.4KCity of Ashland, WisconsinBGNG, LLC Receives $35,439.44 Forgivable Loan · Oct 28, 2025$35.4KCity of Ashland, WisconsinBGNG LLC loan agreement to be considered · Oct 28, 2025UndisclosedCity of Ashland, WisconsinBGNG, LLC considered for $35,439.44 business loan. · Oct 28, 2025$35.4KTown of Ashland, WisconsinBGNG, LLC awarded $35,439.44 forgivable loan for property development · Jan 1, 2025$35.4KAll BGNG contractsVendor profile

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Questions about this contract

Who was awarded the loan contract by City of Ashland?

BGNG was awarded this loan contract by City of Ashland, as recorded on January 1, 2025. The contract value is $35,439.44.

How much is the BGNG contract with City of Ashland worth?

The BGNG contract with City of Ashland is valued at $35,439.44, covering loan work.

What type of contract is this?

This is a Loan contract, documented as a contract record.

Where was this contract approved?

This contract appears in city-of-ashland-loan-agreement-with-bgng-llc_b62.pdf (Contract), dated January 1, 2025 from City of Ashland. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does BGNG hold?

BGNG 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 City of Ashland currently buying?

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

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