Coast RTA Utilizes CCNB Line of Credit
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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.
Issuing Agency
Special District
Conway, SC
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