FINANCIAL_SERVICESPENDING

District Considers Renewal of $2M Line of Credit

The School District of Ashland is considering renewal of a $2,000,000 one-year line of credit with Northern State Bank at a fixed 4.75% rate and no fees. The facility will support short-term cash flow needs for the 2026-27 school year, with interest billed monthly and the principal due at maturity.

Status
PENDING
Document date
July 27, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Northern State Bank
Agency
Ashland School District · WI

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TerraCycle logo
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WithersRavenel logo
Derivita logo
Comcate logo
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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
$2,000,000.00
Contract type
FINANCIAL_SERVICES
Contract term
One (1) year; 2026-27 school year
Renewal
Annual renewal of the district’s line of credit under Policy 6210; proposed term is one year at a fixed rate of 4.75% with no fees. Interest-only payments monthly with full principal due at maturity.
Document type
Agenda
Source document
School District of Ashland Agenda Item Executive Summary LINE OF CREDIT - Northern State Bank 2026-07-27

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Ashland School District?

Northern State Bank was awarded this financial services contract by Ashland School District, as recorded on July 27, 2026. The contract value is $2,000,000.00.

How much is the Northern State Bank contract with Ashland School District worth?

The Northern State Bank contract with Ashland School District is valued at $2,000,000.00, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in School District of Ashland Agenda Item Executive Summary LINE OF CREDIT - Northern State Bank 2026-07-27 (Agenda), dated July 27, 2026 from Ashland School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Northern State Bank hold?

Northern State 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 Northern State Bank's profile

What is Ashland School District currently buying?

Explore Ashland School District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Ashland School District's profile

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