FINANCIAL_SERVICESPENDING

Columbia Bank proposes $25M working capital credit line

Aspire Public Schools is considering a renewed $25 million, 12‑month working capital line of credit with Columbia Bank, secured by LCFF appropriations from eleven charter schools. The facility would carry a floating WSJ Prime-based interest rate, monthly interest-only payments, and several financial covenants and reporting requirements.

Status
PENDING
Document date
November 24, 2025
Contract type
FINANCIAL_SERVICES
Vendor
Columbia Bank
Agency
Aspire Golden State College Preparatory Academy District · CA

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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 renewal of an existing revolving line of credit for 12 months, with similar structure and LCFF intercept security as the prior year. Any actual commitment will be subject to Columbia Bank’s full underwriting, credit approval, and final loan documentation.
Document type
Proposal
Source document
Aspire Golden State College Preparatory 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 Golden State College Preparatory Academy District?

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

How much is the Columbia Bank contract with Aspire Golden State College Preparatory Academy District worth?

The Columbia Bank contract with Aspire Golden State College Preparatory 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 Golden State College Preparatory Academy District Proposal Term Sheet 2025-11-24 (Proposal), dated November 24, 2025 from Aspire Golden State College Preparatory 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 Golden State College Preparatory Academy District currently buying?

Explore Aspire Golden State College Preparatory Academy District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Aspire Golden State College Preparatory Academy District's profile

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