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Midvale RDA approves $250,000 zero‑interest loan for Salt Fire Brewing
Summary
The Redevelopment Agency of Midvale City on Aug. 5 unanimously passed Resolution 2025‑06 RDA to approve a $250,000, 0% interest, seven‑year business loan term sheet for Anvil Brewing Co., LLC d/b/a Salt Fire Brewing Co.; the loan is secured by equipment and other collateral and includes a clarified marketing‑spend limit.
The Redevelopment Agency of Midvale City voted unanimously on Aug. 5 to approve Resolution 2025‑06 RDA, authorizing a term sheet for a $250,000 business loan to Anvil Brewing Co., LLC d/b/a Salt Fire Brewing Co.
Aubrey, a Midvale RDA staff member presenting the item, described the loan as a seven‑year, 0%‑interest revolving loan. “The 0% interest, $250,000 for seven years is still what we're looking at…
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