FINANCIAL_SERVICESPENDING

Columbia Bank proposes $25M credit line for Aspire

Aspire Public Schools received a non-binding term sheet from Columbia Bank for a $25,000,000 working capital line of credit secured by state LCFF intercepts. The proposed 12‑month facility would be interest-only, priced at WSJ Prime with a 3.50% floor, and subject to covenants and Columbia Bank’s final credit approval.

Status
PENDING
Document date
November 24, 2025
Contract type
FINANCIAL_SERVICES
Vendor
Columbia Bank
Agency
Aspire Triumph Technology 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
Proposed 12‑month revolving working capital line of credit; future renewals would be subject to separate underwriting and approval by Columbia Bank.
Document type
Proposal
Source document
Aspire Public Schools 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 Triumph Technology Academy District?

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

How much is the Columbia Bank contract with Aspire Triumph Technology Academy District worth?

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

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

View Aspire Triumph Technology Academy District's profile

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