Eager Enterprises Seeks $40,000 EDA Building Loan
City of MadeliaCity · Madelia, MN- Disclosed value
- $40,000 at 3% interest
- From agendapacket
- Document date
- Oct 26, 2026
- Term
- 7 years
The 30-second brief
Eager Enterprises requested a $40,000 EDA loan for building improvements and additional workspace. The proposed loan carries 3% interest over seven years and remains pending EDA and City Council action.
Eager Enterprises LLC holds this financial services contract with City of Madelia.
Term as filed: 7 years.
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Contract details
- Contract type
- Financial Services
- Amount
- $40,000 at 3% interest
- Document date
- October 26, 2026
- Term
- 7 years
- Vendor
- Eager Enterprises LLC
- Agency
- City of Madelia
- Source document
- Madelia Economic Development Authority AgendaPacket October 26 2026 (AgendaPacket)
More City of Madelia contracts
Questions about this contract
Who was awarded the financial services contract by City of Madelia?
Eager Enterprises LLC was awarded this financial services contract by City of Madelia, as recorded on October 26, 2026. The contract value is $40,000 at 3% interest.
How much is the Eager Enterprises LLC contract with City of Madelia worth?
The Eager Enterprises LLC contract with City of Madelia is valued at $40,000 at 3% interest, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Madelia Economic Development Authority AgendaPacket October 26 2026 (AgendaPacket), dated October 26, 2026 from City of Madelia. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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