District 2397 finances new school bus purchase
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Description
Independent School District 2397 entered into an 8-year finance-to-own agreement with Santander Bank NA to fund $148,608.25 for a new 2026 IC CE school bus at 5.037% interest with annual payments of $22,017.00. Santander Bank NA is listed as lienholder on the vehicle purchase.
Contract Details
Contract Amount
$148,608.25 (financed amount)
Vendor
SANTANDER BANK NA
Agency
Le Sueur-Henderson School District, MN
Contract Type
FINANCIAL_SERVICES
Document Date
May 6, 2026
Contract Term
8 Year Finance - Annual Payments
Renewal Date
2034-06-21
Renewal Info
Fixed 8-year finance-to-own contract with annual payments; no renewals specified.
More from SANTANDER BANK NA
More from Le Sueur-Henderson School District
Le Sueur-Henderson Public Schools Memorandum of Understanding Teacher Apprenticeship Program 2026-06-04
Le Sueur-Henderson School District AgendaPacket Regular School Board Meeting 2026-06-01
Le Sueur-Henderson School District AgendaPacket Regular School Board Meeting 2026-06-01
Le Sueur-Henderson School District AgendaPacket Regular School Board Meeting 2026-06-01
Le Sueur-Henderson School District AgendaPacket Regular School Board Meeting 2026-06-01
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