$450,000 EDAP loan approved for NelSa Properties, LLC
Paynesville villageCity · MO- Disclosed value
- $450,000
- From agenda
- Document date
- Nov 25, 2024
- Term
- 20 years
The 30-second brief
City of Paynesville approves $450,000 EDAP business subsidy loan to NelSa Properties, LLC for business expansion. The loan will be split equally between the City and Paynesville Township, with an interest rate of 6.5% per annum, amortized over 20 years with a 10-year balloon payment. The project is expected to create 8 new jobs.
Nelsa Properties holds this loan contract with Paynesville village. Its other public contracts on record include work for Town of Paynesville and City of Paynesville.
Term as filed: 20 years.
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Contract details
- Contract type
- Loan
- Amount
- $450,000
- Document date
- November 25, 2024
- Term
- 20 years
- Vendor
- Nelsa Properties
- Agency
- Paynesville village
- Source document
- paynesville-village-city-council-meeting-agenda-november-25-2024_538.pdf (Agenda)
Nelsa Properties's other public contracts
More Paynesville village contracts
Questions about this contract
Who was awarded the loan contract by Paynesville village?
Nelsa Properties was awarded this loan contract by Paynesville village, as recorded on November 25, 2024. The contract value is $450,000.
How much is the Nelsa Properties contract with Paynesville village worth?
The Nelsa Properties contract with Paynesville village is valued at $450,000, covering loan work.
What type of contract is this?
This is a Loan contract, documented as a agenda record.
Where was this contract approved?
This contract appears in paynesville-village-city-council-meeting-agenda-november-25-2024_538.pdf (Agenda), dated November 25, 2024 from Paynesville village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Nelsa Properties hold?
Nelsa Properties 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 Paynesville village currently buying?
Explore Paynesville village's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.