BerksIDA Meeting Minutes October 20 2025
Loan covenant modification for Goodwill Keystone Area
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Description
The Berks County Industrial Development Authority approved a Loan Modification Agreement for Loan #97055629001 to Goodwill Keystone Area, originally $3,109,470. The action updates the covenant definition for the Debt to Tangible Unrestricted Net Assets Ratio with lender Fulton Bank’s agreement.
Contract Details
Contract Amount
$3,109,470 (original principal amount)
Vendor
GOODWILL KEYSTONE AREA
Agency
Berks County Industrial Development Authority, PA
Contract Type
FINANCIAL_SERVICES
Document Date
October 20, 2025
Contract Term
Loan dated December 4, 2008; covenant definition modified October 20, 2025
Renewal Info
Loan covenant definition, specifically the Debt to Tangible Unrestricted Net Assets Ratio calculation, has been amended in agreement with Fulton Bank; original loan dated December 4, 2008 remains in place with revised covenant.
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PENDINGIssuing Agency
Berks County Industrial Development Authority
Special District
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