Columbia Bank proposes $25M working capital credit line

Columbia Bank has issued a nonbinding term sheet proposing a $25 million, 12‑month working capital revolving line of credit for Aspire Public Schools, secured by eleven charter schools with LCFF intercept. The facility would carry a floating WSJ Prime-based rate with a 3.5% floor, no loan fee, and standard financial covenants and reporting requirements.

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; renewal documents and final commitment are contingent on underwriting and credit approval. No prepayment penalty and a 30‑days‑out‑of‑debt requirement apply during the term.

Document type

Proposal

Source document

Aspire Slauson Academy Charter 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 Slauson Academy Charter District?

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

How much is the Columbia Bank contract with Aspire Slauson Academy Charter District worth?

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

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

View Aspire Slauson Academy Charter District's profile

Columbia Bank proposes $25M working capital credit line

Scope & details

Related contracts

Frequently asked questions

Who was awarded the financial services contract by Aspire Slauson Academy Charter District?

How much is the Columbia Bank contract with Aspire Slauson Academy Charter District worth?

What type of contract is this?

Where was this contract approved?

What other contracts does Columbia Bank hold?

What is Aspire Slauson Academy Charter District currently buying?

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