Civic IQ
Lease Purchase Financingapproved

town-of-summerville-town-council-meeting-agenda-september-11-2025_ff5.pdf

Town approves $1.8M lease purchase with Pinnacle Bank

$1,800,000Town of Summerville townPINNACLE BANKSeptember 11, 2025

Trusted by teams at

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
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

Town of Summerville approves a lease purchase financing with Pinnacle Bank for $1,800,000 to acquire police vehicles and related equipment. Financing bears interest at 3.37% per annum, payable annually starting October 1, 2026, through October 1, 2029.

Contract Details

Contract Amount

$1,800,000

Vendor

PINNACLE BANK

Agency

Town of Summerville town, SC

Contract Type

Lease Purchase Financing

Document Date

September 11, 2025

Contract Term

4 years

Bring us your territory.
We'll show you what is forming.

See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.

Try Civic IQ for free