Columbia Bank Proposes $2.5M Loan to Aspire

Aspire Public Schools received an indicative term sheet from Columbia Bank for a credit facility of up to approximately $2.5 million to finance portables and playground construction over a 10-year term. The proposed loan would be secured by an intercept of LCFF funds, carry interest at the 10-year CMT plus 2.00%, and require the borrower to maintain a depository relationship with Columbia, subject to final underwriting and credit approval.

Scope & details

The full contract record, as filed.

Contract amount

Up to $2.5MM (Approximate)

Contract type

FINANCIAL_SERVICES

Contract term

10-Years

Renewal

10-year fully amortizing term loan with monthly principal and interest payments and no stated renewal or extension options; prepayment penalties apply for the first three years, with no penalty thereafter.

Document type

Proposal

Source document

Aspire Public Schools Proposal Term Sheet 2025-11-24

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Aspire Golden State College Preparatory Academy District?

Columbia Bank was awarded this financial services contract by Aspire Golden State College Preparatory Academy District, as recorded on November 24, 2025. The contract value is Up to $2.5MM (Approximate).

How much is the Columbia Bank contract with Aspire Golden State College Preparatory Academy District worth?

The Columbia Bank contract with Aspire Golden State College Preparatory Academy District is valued at Up to $2.5MM (Approximate), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Aspire Public Schools Proposal Term Sheet 2025-11-24 (Proposal), dated November 24, 2025 from Aspire Golden State College Preparatory Academy District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Columbia Bank hold?

Columbia 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 Columbia Bank's profile

What is Aspire Golden State College Preparatory Academy District currently buying?

Explore Aspire Golden State College Preparatory Academy District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Aspire Golden State College Preparatory Academy District's profile

Scope & details

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Frequently asked questions

Who was awarded the financial services contract by Aspire Golden State College Preparatory Academy District?

How much is the Columbia Bank contract with Aspire Golden State College Preparatory Academy District worth?

What type of contract is this?

Where was this contract approved?

What other contracts does Columbia Bank hold?

What is Aspire Golden State College Preparatory Academy District currently buying?

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