Cumberland Academy Board Meeting Minutes 2026-01-20
Board Amends Texas Capital Bank Loan Agreement
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Description
Cumberland Academy approved a waiver and second amendment to its existing loan agreement and line of credit with Texas Capital Bank to permit a $250,000 advance tied to anticipated Safety and Security Grant funds. The amendment takes effect following review and approval by legal counsel.
Contract Details
Contract Amount
$250,000 advance (line of credit)
Vendor
TEXAS CAPITAL BANK
Agency
Cumberland Academy, TX
Contract Type
FINANCIAL_SERVICES
Document Date
January 20, 2026
Renewal Info
Second amendment to an existing Texas Capital Bank loan agreement and line of credit; permits an additional $250,000 advance related to Safety and Security Grant funds, subject to legal counsel approval.
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