Jackson College Awards $10,000,000 Line Of Credit Contract to County National Bank (February 2025)
Jackson CollegeHigher Ed · Jackson, MI- Disclosed value
- $10,000,000
- From meeting minutes
- Approved
- Feb 17, 2025
- Term
- 1 year
The 30-second brief
Jackson College secures a line of credit up to $10 million with County National Bank, Hillsdale, to ensure financial flexibility for college operations. The agreement, featuring a fixed interest rate of 6.875%, enables the college to address temporary cash flow needs and emergency operational considerations, with board approval required before use.
County National Bank holds this line of credit contract with Jackson College. Its other public contracts on record include work for City of Hudson and Waldron Area Schools.
Term as filed: 1 year.
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Contract details
- Contract type
- Line Of Credit
- Amount
- $10,000,000
- Document date
- February 17, 2025
- Term
- 1 year
- Vendor
- County National Bank
- Agency
- Jackson College
- Source document
- jackson-college-meeting-minutes-2025-02-17_aec.pdf (Meeting Minutes)
County National Bank's other public contracts
More Jackson College contracts
Questions about this contract
Who was awarded the line of credit contract by Jackson College?
County National Bank was awarded this line of credit contract by Jackson College, as recorded on February 17, 2025. The contract value is $10,000,000.
How much is the County National Bank contract with Jackson College worth?
The County National Bank contract with Jackson College is valued at $10,000,000, covering line of credit work.
What type of contract is this?
This is a Line Of Credit contract, documented as a meeting minutes record.
Where was this contract approved?
This contract appears in jackson-college-meeting-minutes-2025-02-17_aec.pdf (Meeting Minutes), dated February 17, 2025 from Jackson College. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does County National Bank hold?
County National Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Jackson College currently buying?
Explore Jackson College's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.