Byline Bank provides $915,000 SBA senior loan
City of HanoverCity · Hanover, MN- Disclosed value
- $915,000
- From agenda
- Document date
- Jul 22, 2019
The 30-second brief
Byline Bank entered into a $915,000 non-revolving U.S. Small Business Administration senior loan with BBBBQ LLC and Big Bore Barbecue Company, supported by a subordination and standby agreement with the Hanover Economic Development Authority. The agreement ensures Byline Bank’s senior lien position and restricts junior loan payments upon borrower default.
Byline Bank holds this financial services contract with City of Hanover. Its other public contracts on record include work for River Forest Park District and DuPage HSD 88.
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Contract details
- Contract type
- Financial Services
- Amount
- $915,000
- Document date
- July 22, 2019
- Vendor
- Byline Bank
- Agency
- City of Hanover
- Source document
- city-of-hanover-agenda-2019-07-22_417.pdf (Agenda)
Byline Bank's other public contracts
More City of Hanover contracts
Questions about this contract
Who was awarded the financial services contract by City of Hanover?
Byline Bank was awarded this financial services contract by City of Hanover, as recorded on July 22, 2019. The contract value is $915,000.
How much is the Byline Bank contract with City of Hanover worth?
The Byline Bank contract with City of Hanover is valued at $915,000, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agenda record.
Where was this contract approved?
This contract appears in city-of-hanover-agenda-2019-07-22_417.pdf (Agenda), dated July 22, 2019 from City of Hanover. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Byline Bank hold?
Byline 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 City of Hanover currently buying?
Explore City of Hanover's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.