Winnebago County approves $50,000 revolving loan to Rockford Machined Products LLC
August 15, 2025 | Winnebago County, Illinois
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The board approved a resolution authorizing the Winnebago County Board chairman to execute documents necessary to complete a $50,000 loan from the countys revolving loan fund to Rockford Machined Products LLC.
The resolution was moved by Mr. Linmark and seconded by Mr. Webster. No board members raised questions during discussion and the board "please cast yes for all members present," the chair said, indicating approval.
The resolution language, as read into the record, grants authority to the board chairman to execute the paperwork to finalize the loan. The transcript does not include loan terms such as interest rate, repayment schedule or collateral; those terms were not specified during the meeting.
The resolution was moved by Mr. Linmark and seconded by Mr. Webster. No board members raised questions during discussion and the board "please cast yes for all members present," the chair said, indicating approval.
The resolution language, as read into the record, grants authority to the board chairman to execute the paperwork to finalize the loan. The transcript does not include loan terms such as interest rate, repayment schedule or collateral; those terms were not specified during the meeting.
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