FINANCIAL_SERVICESPENDING

Oxford Bank Proposes $50,000 Line of Credit for Village

The Village of Ortonville received a $50,000 revolving line of credit proposal from Oxford Bank with a 12-month term and 8.5% interest rate to support cash flow. The proposal includes a $500 commitment fee and is pending council approval.

Status
PENDING
Document date
May 18, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Oxford Bank
Agency
Ortonville village · MI

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

Scope & details

The full contract record, as filed.

Contract amount
$50,000
Contract type
FINANCIAL_SERVICES
Contract term
12 months
Renewal date
2027-05-18
Renewal
1-year term; can be renewed or renegotiated upon maturity. No penalty for early prepayment.
Document type
AgendaPacket
Source document
Village of Ortonville AgendaPacket Village Council Meeting 2026-05-18

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Ortonville village?

Oxford Bank was awarded this financial services contract by Ortonville village, as recorded on May 18, 2026. The contract value is $50,000.

How much is the Oxford Bank contract with Ortonville village worth?

The Oxford Bank contract with Ortonville village is valued at $50,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Village of Ortonville AgendaPacket Village Council Meeting 2026-05-18 (AgendaPacket), dated May 18, 2026 from Ortonville village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Oxford Bank hold?

Oxford 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.

View Oxford Bank's profile

What is Ortonville village currently buying?

Explore Ortonville village's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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