City Reviews Intercreditor Terms with Byline Bank
City of HanoverCity · Hanover, MN- Document date
- Jul 18, 2019
The 30-second brief
Byline Bank, the SBA lender for BBBQ LLC/Big Bore Barbeque Co., has submitted an intercreditor agreement that would subordinate Hanover EDA’s position and redirect certain EDA loan repayments to Byline in the event of default. The City and EDA are reviewing this agreement’s impact on their financial security before proceeding.
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.
Term as filed: SBA loan with intercreditor agreement affecting EDA loan.
See who signed off on this contract.
See who signed offFree account · 30-second setup · No credit card
Contract details
- Contract type
- Financial Services
- Document date
- July 18, 2019
- Term
- SBA loan with intercreditor agreement affecting EDA loan
- Vendor
- Byline Bank
- Agency
- City of Hanover
- Source document
- hanover_economic_development_authority_agenda_july.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 18, 2019.
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 hanover_economic_development_authority_agenda_july.pdf (Agenda), dated July 18, 2019 from City of Hanover. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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.
Show 1 more question
What is City of Hanover currently buying?
Explore City of Hanover's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.