SSUAF bridge loan proposed for SSU BOLD financing

SSUAF considering up to $10M interest-only bridge loan to support SSU BOLD funding until fundraising goal met.

Document date · March 26, 2025

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Scope & details

The full contract record, as filed.

Contract amount

$10,000,000

Contract type

Debt Financing

Contract term

Interest-only bridge loan term TBD

Renewal date

Renewal

Document type

Meeting Report

Source document

finance_facilities_committee_meeting_report_march.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the debt financing contract by Salem State University?

Salem State University was awarded this debt financing contract by Salem State University, as recorded on March 26, 2025. The contract value is $10,000,000.

How much is the Salem State University contract with Salem State University worth?

The Salem State University contract with Salem State University is valued at $10,000,000, covering debt financing work.

What type of contract is this?

This is a Debt Financing contract, documented as a meeting report record.

Where was this contract approved?

This contract appears in finance_facilities_committee_meeting_report_march.pdf (Meeting Report), dated March 26, 2025 from Salem State University. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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