FINANCIAL_SERVICESPENDING

Columbia Bank proposes $25M working capital credit line

Aspire Public Schools received a non‑binding term sheet from Columbia Bank for a $25,000,000, 12‑month working capital revolving line of credit secured by state LCFF intercepts on eleven charter schools. The facility would carry a floating WSJ Prime‑based interest rate with a 3.50% floor, interest‑only monthly payments, and covenants on debt service coverage, liquidity, deposits, and reporting.

Status
PENDING
Document date
November 24, 2025
Contract type
FINANCIAL_SERVICES
Vendor
Columbia Bank
Agency
Aspire Junior Collegiate 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
$25,000,000
Contract type
FINANCIAL_SERVICES
Contract term
12 months
Renewal
This is a proposed 12‑month renewal of an existing revolving line of credit, with renewal documents to be prepared by Columbia Bank’s counsel. Legal and related fees for Nixon Peabody LLP are stated at $4,000; commitment remains subject to full underwriting and credit approval.
Document type
Proposal
Source document
Aspire Junior Collegiate 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 Junior Collegiate Academy District?

Columbia Bank was awarded this financial services contract by Aspire Junior Collegiate Academy District, as recorded on November 24, 2025. The contract value is $25,000,000.

How much is the Columbia Bank contract with Aspire Junior Collegiate Academy District worth?

The Columbia Bank contract with Aspire Junior Collegiate Academy District is valued at $25,000,000, 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 Junior Collegiate Academy District Proposal Term Sheet 2025-11-24 (Proposal), dated November 24, 2025 from Aspire Junior Collegiate 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 Junior Collegiate Academy District currently buying?

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

View Aspire Junior Collegiate Academy District's profile

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