Town Uses $5.4M Installment Loan for NMTC Project
Town of EdentonCity · Edenton, NC- Disclosed value
- Up to $5,400,000
- From agendapacket
- Document date
- Nov 10, 2025
The 30-second brief
The Town of Edenton is utilizing an Installment Financing Contract with Southern Bank & Trust Company for up to $5,400,000 to fund the Sears Building renovation and associated parking improvements under a New Markets Tax Credit structure. The financing supports economic development and job creation in partnership with Main Street Edenton and Provalus.
Southern Bank & Trust Company holds this financial services contract with Town of Edenton. Its other public contracts on record include work for NERSBA Early College and Town of Winterville.
Term as filed: Installment Financing Contract dated as of September 30, 2025.
See who signed off on this contract.
See who signed offFree account · 30-second setup · No credit card
Contract details
- Contract type
- Financial Services
- Amount
- Up to $5,400,000
- Document date
- November 10, 2025
- Term
- Installment Financing Contract dated as of September 30, 2025
- Vendor
- Southern Bank & Trust Company
- Agency
- Town of Edenton
- Source document
- Edenton Town Council Agenda Packet 2025-11-10 (AgendaPacket)
Southern Bank & Trust Company's other public contracts
More Town of Edenton contracts
Questions about this contract
Who was awarded the financial services contract by Town of Edenton?
Southern Bank & Trust Company was awarded this financial services contract by Town of Edenton, as recorded on November 10, 2025. The contract value is Up to $5,400,000.
How much is the Southern Bank & Trust Company contract with Town of Edenton worth?
The Southern Bank & Trust Company contract with Town of Edenton is valued at Up to $5,400,000, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in Edenton Town Council Agenda Packet 2025-11-10 (AgendaPacket), dated November 10, 2025 from Town of Edenton. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
Show 1 more question
What is Town of Edenton currently buying?
Explore Town of Edenton's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.