Columbia Bank Proposes $25M Credit Line to Aspire

Columbia Bank issued a non-binding term sheet to Aspire Public Schools for a $25,000,000, 12‑month working capital revolving line of credit secured by LCFF-intercepted revenues from eleven charter schools. The facility features an interest-only structure at WSJ Prime with a 3.50% floor, financial covenants, and ongoing reporting requirements, subject to final underwriting and credit approval.

Scope & details

The full contract record, as filed.

Contract amount

$25,000,000

Contract type

FINANCIAL_SERVICES

Contract term

12 months

Renewal

This term sheet represents a renewal of an existing revolving line of credit, with renewal documents to be prepared upon approval. Final commitment and documentation will follow Columbia Bank’s underwriting and credit approval processes.

Document type

Proposal

Source document

Aspire Antonio Maria Lugo 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 Antonio Maria Lugo Academy District?

Columbia Bank was awarded this financial services contract by Aspire Antonio Maria Lugo Academy District, as recorded on November 24, 2025. The contract value is $25,000,000.

How much is the Columbia Bank contract with Aspire Antonio Maria Lugo Academy District worth?

The Columbia Bank contract with Aspire Antonio Maria Lugo 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 Antonio Maria Lugo Academy District Proposal Term Sheet 2025-11-24 (Proposal), dated November 24, 2025 from Aspire Antonio Maria Lugo 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 Antonio Maria Lugo Academy District currently buying?

Explore Aspire Antonio Maria Lugo Academy District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Aspire Antonio Maria Lugo Academy District's profile

Columbia Bank Proposes $25M Credit Line to Aspire

Scope & details

Related contracts

Frequently asked questions

Who was awarded the financial services contract by Aspire Antonio Maria Lugo Academy District?

How much is the Columbia Bank contract with Aspire Antonio Maria Lugo Academy District worth?

What type of contract is this?

Where was this contract approved?

What other contracts does Columbia Bank hold?

What is Aspire Antonio Maria Lugo Academy District currently buying?

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