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Federalsburg Authorizes $500K Line of Credit

Town of Federalsburg logoTown of Federalsburg
Disclosed value
$500,000.00
From agenda
Document date
Jun 21, 2022
Term
1 year

The 30-second brief

What it covers

Town of Federalsburg is authorizing a line of credit promissory note with Provident State Bank in the principal amount of $500,000.00. The proceeds of which may be used to provide interim financing to cover expenses and indebtedness that may arise from the operation of town business.

Who holds it

Provident State Bank holds this line of credit contract with Town of Federalsburg. Its other public contracts on record include work for Town of Ridgely and Town of Secretary.

What happens next

Term as filed: 1 year.

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Contract details

Contract type
Line Of Credit
Amount
$500,000.00
Document date
June 21, 2022
Term
1 year
Vendor
Provident State Bank
Agency
Town of Federalsburg
Source document
town-of-federalsburg-agenda-2022-06-21_0b0.pdf (Agenda)

Provident State Bank's other public contracts

Town of Ridgely, MarylandProvident State Bank Maintains Town Police Accounts · Jun 5, 2023UndisclosedTown of Secretary, MarylandProvident State Bank loan for trash truck · Jan 17, 2023$60KTown of Secretary, MarylandTown of Secretary Seeks Trash Truck Loan Approval · Jan 17, 2023UndisclosedTown of Federalsburg, MarylandFederalsburg to Obtain $500,000 Line of Credit · Jul 18, 2022$500KTown of Federalsburg, MarylandTown Considers $500,000 LOC from Provident Bank · Jul 18, 2022All Provident State Bank contractsVendor profile

More Town of Federalsburg contracts

SPLSPL Provides Federalsburg PFAS Laboratory Testing · Oct 16, 2026UndisclosedAls EnvironmentalFederalsburg Seeks ALS Environmental TCT Testing Quote · Oct 16, 2026UndisclosedSingh Operational Services IncFederalsburg Uses Singh for Temporary Wastewater Oversight · Oct 16, 2026UndisclosedSusquehanna Operational Services (George Smith, Jordan Smith)Susquehanna Wastewater Oversight Ended August 2026 · Oct 16, 2026UndisclosedEa EngineeringFederalsburg Seeks EA Engineering WET Testing Quote · Oct 16, 2026UndisclosedAll Town of Federalsburg activityAgency profile

Questions about this contract

Who was awarded the line of credit contract by Town of Federalsburg?

Provident State Bank was awarded this line of credit contract by Town of Federalsburg, as recorded on June 21, 2022. The contract value is $500,000.00.

How much is the Provident State Bank contract with Town of Federalsburg worth?

The Provident State Bank contract with Town of Federalsburg is valued at $500,000.00, covering line of credit work.

What type of contract is this?

This is a Line Of Credit contract, documented as a agenda record.

Where was this contract approved?

This contract appears in town-of-federalsburg-agenda-2022-06-21_0b0.pdf (Agenda), dated June 21, 2022 from Town of Federalsburg. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Provident State Bank hold?

Provident State 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 Town of Federalsburg currently buying?

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

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