City Considers Amendment to Speakeasy Ramen CDBG Loan

The Loan Review Committee has recommended that City Council amend the existing $300,000 CDBG Economic Development Revolving Loan with Speakeasy Ramen, LLC. The amendment would allow six months of interest-only payments beginning January 1, 2026, secured by a UCC lien on new equipment, to support the restaurant’s transition to a new concept.

Scope & details

The full contract record, as filed.

Contract amount

$300,000 original loan; current balance $174,006.67

Contract type

FINANCIAL_SERVICES

Contract term

Seven-year loan at 2% APR approved in January 2022; proposed amendment for interest-only payments for six months commencing January 1, 2026

Renewal date

2029-01-31

Renewal

Existing seven-year loan at 2% APR approved in January 2022 is proposed to be amended to allow six months of interest-only payments from January 1, 2026 to June 1, 2026, with a UCC lien on additional assets; principal and interest payments would resume after the deferment period.

Document type

Agenda

Source document

troy_city_council_committee_meeting_agenda_novembe.pdf

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Troy City Council Agenda Packet 2026-08-03

PENDING

Town of Troy, OhioAug 3, 2026

troy_city_council_agenda_december_1_2025.pdf

AMENDED

City of Troy, OhioDec 1, 2025

troy_city_council_committee_meeting_agenda_novembe.pdf

AMENDED

City of Troy, Ohio$300,000 original loan; current balance $174,006.67Nov 24, 2025

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Miami Metropolitian Housing Authority?

Speakeasy Ramen Llc was awarded this financial services contract by Miami Metropolitian Housing Authority, as recorded on November 24, 2025. The contract value is $300,000 original loan; current balance $174,006.67.

How much is the Speakeasy Ramen Llc contract with Miami Metropolitian Housing Authority worth?

The Speakeasy Ramen Llc contract with Miami Metropolitian Housing Authority is valued at $300,000 original loan; current balance $174,006.67, 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 troy_city_council_committee_meeting_agenda_novembe.pdf (Agenda), dated November 24, 2025 from Miami Metropolitian Housing Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Speakeasy Ramen Llc hold?

Speakeasy Ramen Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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