FINANCIAL_SERVICESDISCUSSED

Kernersville Reviews PNC Bank Financing Quote

Kernersville reviewed PNC Bank's quote for financing general improvements and land purchases. The proposed $988,952 loan carried a 5.280% fixed rate over 10 years, with total loan costs of $1,281,195.71.

Document date · September 30, 2026

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$988,952 loan; $1,281,195.71 total loan cost; $30,000 loan fees
Contract type
FINANCIAL_SERVICES
Contract term
10 years; 20 semi-annual payments with equal principal
Renewal
No renewal option stated; financing remains subject to Local Government Commission approval before execution.
Document type
AgendaPacket
Source document
Town of Kernersville AgendaPacket Board of Aldermen Meeting September 30, 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Kernersville?

Pnc Bank was awarded this financial services contract by Town of Kernersville, as recorded on September 30, 2026. The contract value is $988,952 loan; $1,281,195.71 total loan cost; $30,000 loan fees.

How much is the Pnc Bank contract with Town of Kernersville worth?

The Pnc Bank contract with Town of Kernersville is valued at $988,952 loan; $1,281,195.71 total loan cost; $30,000 loan fees, 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 Town of Kernersville AgendaPacket Board of Aldermen Meeting September 30, 2026 (AgendaPacket), dated September 30, 2026 from Town of Kernersville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Pnc Bank hold?

Pnc 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.

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What is Town of Kernersville currently buying?

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