FINANCIAL_SERVICESAPPROVED

Winnebago County Agenda Packet 2026-06-25

County approves $65,000 loan to dental practice owner

$65,000Winnebago CountyWEYRAUCH HOLDINGS LLCJune 25, 2026

Trusted by teams at

Description

The Winnebago County Board approved a $65,000 Revolving Loan Fund loan to Weyrauch Holdings LLC to help purchase and improve a dental office property at 1107 South Mulford Road. The seven-year loan, amortized over twenty years at 7% interest, is secured by a third mortgage and personal and corporate guarantees and is expected to support two new full-time equivalent jobs.

Contract Details

Contract Amount

$65,000

Vendor

WEYRAUCH HOLDINGS LLC

Agency

Winnebago County, IL

Contract Type

FINANCIAL_SERVICES

Document Date

June 25, 2026

Contract Term

7 years, amortized over 20 years at 7.0% interest

Renewal Date

2033-06-25

Renewal Info

Single loan obligation: $65,000 at 7.0% interest for 7 years, amortized over 20 years, secured by third mortgage and guarantees; no renewal options mentioned.