FINANCIAL_SERVICESPENDING

Columbia Bank Proposes $2.5M Loan to Aspire

Columbia Bank has issued a non-binding term sheet to Aspire Public Schools for a 10-year credit facility of up to approximately $2.5 million to finance acquisition of portables and construction of a new playground. The proposed loan would be secured by LCFF intercepts, repaid monthly at an indicative fixed rate tied to the 10-year CMT, and subject to standard covenants, reporting, and closing conditions.

Status
PENDING
Document date
November 24, 2025
Contract type
FINANCIAL_SERVICES
Vendor
Columbia Bank
Agency
Aspire Pacific Academy District · CA

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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
Up to $2.5MM (Approximate)
Contract type
FINANCIAL_SERVICES
Contract term
10-Years
Renewal
Single 10-year term loan with no stated renewal or extension options; includes a step-down prepayment penalty for the first three years and no penalty thereafter.
Document type
Proposal
Source document
Aspire Pacific Academy District 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 Pacific Academy District?

Columbia Bank was awarded this financial services contract by Aspire Pacific 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 Pacific Academy District worth?

The Columbia Bank contract with Aspire Pacific 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 Pacific Academy District Proposal Term Sheet 2025-11-24 (Proposal), dated November 24, 2025 from Aspire Pacific 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 Pacific Academy District currently buying?

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

View Aspire Pacific Academy District's profile

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