FINANCIAL_SERVICESAPPROVED

Kern Medical Center Awards Financial Services Contract to Afco Direct Capital Finance (June 2026)

The Board will authorize a premium finance agreement with AFCO Direct Capital Finance to fund approximately $1.85 million of insurance premiums for FY 2026–2027 at a 5.96% APR, with total finance charges up to $48,000. Payments will be made in 12 equal monthly installments.

Status
APPROVED
Document date
June 17, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Afco Direct Capital Finance
Agency
Kern Medical Center · 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
Finance charge up to $48,000 (5.96% on $1,847,476.99 amount financed; total of payments $1,889,284)
Contract type
FINANCIAL_SERVICES
Contract term
12 equal monthly installments during the FY 2026–2027 policy year
Renewal
New or continued premium finance arrangement aligning with annual insurance renewals, governed by a commercial insurance premium finance and security agreement.
Document type
Agenda
Source document
Kern County Hospital Authority Board of Governors Agenda 2026-06-17

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Kern Medical Center?

Afco Direct Capital Finance was awarded this financial services contract by Kern Medical Center, as recorded on June 17, 2026. The contract value is Finance charge up to $48,000 (5.96% on $1,847,476.99 amount financed; total of payments $1,889,284).

How much is the Afco Direct Capital Finance contract with Kern Medical Center worth?

The Afco Direct Capital Finance contract with Kern Medical Center is valued at Finance charge up to $48,000 (5.96% on $1,847,476.99 amount financed; total of payments $1,889,284), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Kern County Hospital Authority Board of Governors Agenda 2026-06-17 (Agenda), dated June 17, 2026 from Kern Medical Center. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Afco Direct Capital Finance hold?

Afco Direct Capital Finance 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 Afco Direct Capital Finance's profile

What is Kern Medical Center currently buying?

Explore Kern Medical Center's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Kern Medical Center's profile

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