Jackson College Secures $10 Million Line of Credit
Jackson CollegeHigher Ed · Jackson, MI- Disclosed value
- $10,000,000
- From agenda
- Document date
- Jan 13, 2025
- Term
- 1 year
The 30-second brief
Jackson College plans to secure funds for college operations with a line of credit from County National Bank, capped at $10 million. The line of credit carries a fixed interest rate of 6.875%, requiring monthly interest payments. A bank fee of $10,000 is associated with this bid.
County National Bank holds this line of credit contract with Jackson College. Its other public contracts on record include work for City of Hudson and Waldron Area Schools.
Term as filed: 1 year.
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Contract details
- Contract type
- Line Of Credit
- Amount
- $10,000,000
- Document date
- January 13, 2025
- Term
- 1 year
- Vendor
- County National Bank
- Agency
- Jackson College
- Source document
- jackson-college-agenda-2025-01-13_99f.pdf (Agenda)
County National Bank's other public contracts
More Jackson College contracts
Questions about this contract
Who was awarded the line of credit contract by Jackson College?
County National Bank was awarded this line of credit contract by Jackson College, as recorded on January 13, 2025. The contract value is $10,000,000.
How much is the County National Bank contract with Jackson College worth?
The County National Bank contract with Jackson College is valued at $10,000,000, covering line of credit work.
What type of contract is this?
This is a Line Of Credit contract, documented as a agenda record.
Where was this contract approved?
This contract appears in jackson-college-agenda-2025-01-13_99f.pdf (Agenda), dated January 13, 2025 from Jackson College. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does County National Bank hold?
County National 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.
What is Jackson College currently buying?
Explore Jackson College's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.