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School Renews $6M Line of Credit With Hanmi Bank

Assurance Learning Academy
Disclosed value
$6,000,000
From minutes
Document date
Jun 4, 2026
Term
2026-2027 school year
Renews
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The 30-second brief

What it covers

Assurance Learning Academy’s board renewed a $6 million revolving line of credit with Hanmi Bank for the 2026-2027 school year at a current interest rate of 7.25%. The facility will be used on an as-needed basis to support the school’s cash flow.

Who holds it

Hanmi Bank holds this financial services contract with Assurance Learning Academy. Its other public contracts on record include work for Palisades Charter High District and Mission View Public.

What happens next

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Contract details

Contract type
Financial Services
Amount
$6,000,000
Document date
June 4, 2026
Term
2026-2027 school year
Renews
On record
Vendor
Hanmi Bank
Agency
Assurance Learning Academy
Source document
Assurance Learning Academy Minutes Regular Board Meeting 2026-06-04 (Minutes)

Hanmi Bank's other public contracts

Palisades Charter High District, CaliforniaHanmi Bank Not Selected for Investment Accounts · Oct 19, 2026UndisclosedMission View Public, CaliforniaSchool Renews $600K Credit Line With Hanmi Bank · Sep 2, 2026$600KCalifornia Connections Academy Central Coast District, CaliforniaHanmi Bank Proposes $25 Million Credit Facility · Jun 11, 2026Crescent View South II District, CaliforniaBoard to Renew Revolving Line of Credit with Hanmi Bank · Jun 4, 2026UndisclosedDesert Sands Charter, CaliforniaHanmi Bank Credit Line Renewed for 2026-2027 · Jun 4, 2026$4MAll Hanmi Bank contractsVendor profile

More Assurance Learning Academy contracts

Lifelong Learning Administration Corporation (Llac)Board Reviews Ongoing Services From LLAC · Jun 4, 2026UndisclosedLos Angeles Community College DistrictBoard Approves Dual Enrollment MOU With LACCD · Jun 4, 2026UndisclosedLifelong Learning Administration Corporation (Llac)Board Approves Up to $2.5M LLAC Loan for 2026-27 · Jun 4, 2026All Assurance Learning Academy activityAgency profile

Questions about this contract

Who was awarded the financial services contract by Assurance Learning Academy?

Hanmi Bank was awarded this financial services contract by Assurance Learning Academy, as recorded on June 4, 2026. The contract value is $6,000,000.

How much is the Hanmi Bank contract with Assurance Learning Academy worth?

The Hanmi Bank contract with Assurance Learning Academy is valued at $6,000,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Assurance Learning Academy Minutes Regular Board Meeting 2026-06-04 (Minutes), dated June 4, 2026 from Assurance Learning Academy. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Hanmi Bank hold?

Hanmi 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 Assurance Learning Academy currently buying?

Explore Assurance Learning Academy's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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