Le Sueur-Henderson School District Special Board Meeting Agenda 2026-05-18
District finances bus purchase with Santander Bank
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Description
Le Sueur-Henderson ISD 2397 has entered into an eight-year finance-to-own agreement with Santander Bank NA to finance a 2026 IC CE school bus costing $148,608.25 at 5.037% interest. Annual payments are scheduled at $22,017.
Contract Details
Contract Amount
$148,608.25
Vendor
SANTANDER BANK NA
Agency
Le Sueur-Henderson School District, MN
Contract Type
FINANCIAL_SERVICES
Document Date
May 18, 2026
Contract Term
8-year finance term at 5.037% with annual payments of $22,017
Renewal Info
Fixed 8-year finance-to-own agreement; no renewal options stated, contract runs to maturity of the loan.
More from SANTANDER BANK NA
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