FINANCIAL_SERVICESAPPROVED

Springfield Airport Authority Awards Financial Services Contract to Bank of Springfield (July 2025)

The Springfield Airport Authority approved a loan of up to $4,000,000 from Bank of Springfield to finance facility improvements for StandardAero, with a 4.49% construction rate and a 5-year fixed rate amortized over 20 years. The Board Chair was authorized to execute all related loan documents.

Status
APPROVED
Document date
July 15, 2025
Contract type
FINANCIAL_SERVICES
Vendor
Bank of Springfield
Agency
Springfield Airport Authority · IL

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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
Up to $4,000,000
Contract type
FINANCIAL_SERVICES
Contract term
Construction loan at 4.49% and 5-year fixed rate with 20-year amortization at 4.49%
Renewal
Single loan approval with 5-year fixed rate and 20-year amortization; no renewal terms specified.
Document type
Minutes
Source document
springfield-airport-authority-meeting-minutes-july-15-2025_09f.md

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Springfield Airport Authority?

Bank of Springfield was awarded this financial services contract by Springfield Airport Authority, as recorded on July 15, 2025. The contract value is Up to $4,000,000.

How much is the Bank of Springfield contract with Springfield Airport Authority worth?

The Bank of Springfield contract with Springfield Airport Authority is valued at Up to $4,000,000, 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 springfield-airport-authority-meeting-minutes-july-15-2025_09f.md (Minutes), dated July 15, 2025 from Springfield Airport Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Bank of Springfield hold?

Bank of Springfield 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 Bank of Springfield's profile

What is Springfield Airport Authority currently buying?

Explore Springfield Airport Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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