Civic IQ
FINANCIAL_SERVICESPENDING

Columbia Bank Proposes $2.5M Loan to Aspire

Columbia Bank has issued a non‑binding term sheet to Aspire Public Schools for a proposed credit facility of up to approximately $2.5 million over 10 years to finance portables and a new playground. The loan would carry an indicative rate based on the 10‑Year CMT plus 2.00%, require monthly principal and interest payments, and include specific prepayment penalties and reporting covenants, subject to full underwriting and credit approval.

Document date · November 24, 2025

Issuing agencyAspire Triumph Technology Academy DistrictVendorColumbia Bank

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TerraCycle logo
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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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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

Scope & details

The full contract record, as filed.

Contract amount
Up to $2.5MM (Approximate)
Contract type
FINANCIAL_SERVICES
Contract term
10-Years loan term; 10-Years amortization
Renewal
Single 10‑year term loan with no renewals described; prepayment penalties apply in years 1–3, with no penalty thereafter. Any commitment remains contingent on Columbia Bank’s underwriting and credit approval and satisfaction of closing conditions including lease extension.
Document type
Proposal
Source document
Aspire Triumph Technology Academy 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 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 Up to $2.5MM (Approximate).

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 Up to $2.5MM (Approximate), 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 Triumph Technology Academy District 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.

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