MSAD 45 Approves Revenue Anticipation Loan with Katahdin Trust
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Description
MSAD 45 board authorized borrowing $250,000 from Katahdin Trust Company via a 12-month Revenue Anticipation Loan at a 5.15% fixed interest rate for school working capital needs.
Contract Details
Contract Amount
$250,000
Vendor
KATAHDIN TRUST COMPANY
Agency
School Administrative District 45, ME
Contract Type
FINANCIAL_SERVICES
Document Date
May 9, 2023
Contract Term
12 months
Renewal Date
2024-05-09
Renewal Info
No renewal terms specified; loan is for a fixed 12-month term.
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