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FINANCIAL_SERVICESONGOING

Waccamaw Regional Transportation Authority Board of Directors Meeting Agenda September 2025

Coast RTA Utilizes CCNB Line of Credit

$1.425M line of credit balanceCoast Regional Transportation Authority/Waccamaw RtaCCNBSeptember 27, 2025

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

Coast RTA reported an active line of credit with CCNB carrying a $1.425 million balance to help manage cash flow, supplemented by incoming sales tax revenues. Management plans to pay down the CCNB principal note in November 2025.

Contract Details

Contract Amount

$1.425M line of credit balance

Vendor

CCNB

Agency

Coast Regional Transportation Authority/Waccamaw Rta, SC

Contract Type

FINANCIAL_SERVICES

Document Date

September 27, 2025

Renewal Info

Management intends to pay the CCNB line of credit principal note in November 2025; future renewal or extension terms were not specified.

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