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Redevelopment agency approves $250,000, zero‑interest loan for Honeysuckle Coffee build‑out
Summary
Midvale Redevelopment Agency approved a $250,000, seven‑year, 0% interest loan to Honeysuckle Coffee Company LLC to build out a café and bakery at 7511 Main Street; loan payments begin the first full month after opening or December 1, whichever is sooner.
The Redevelopment Agency (RDA) of Midvale on May 6 approved a term sheet for a $250,000 business loan to Honeysuckle Coffee Company LLC to finance build-out of a café and bakery at 7511 Main Street.
RDA staff told the board the loan is a seven‑year zero‑percent interest loan. The first payment will be due the first full month after the business opens or December…
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