FINANCIAL_SERVICESPENDING

Providence Capital Chromebook Financing Lease on Agenda

Methuen intends to enter a 48‑month tax-exempt lease-purchase with Providence Capital Network to finance 1,045 Education Edition Chromebooks and licenses, with annual payments of $124,358 at a 4.98% interest rate and a $1.00 buyout. The council will consider approval of this technology financing agreement.

Document date · August 10, 2026

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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
Annual payment $124,358; 48-month lease term
Contract type
FINANCIAL_SERVICES
Contract term
48 months
Renewal
Fixed 48‑month tax-exempt lease-purchase with $1.00 buyout at end of term; no renewal options described.
Document type
Agenda
Source document
Methuen City Council Agenda 2026-08-10

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Methuen?

Providence Capital Network was awarded this financial services contract by City of Methuen, as recorded on August 10, 2026. The contract value is Annual payment $124,358; 48-month lease term.

How much is the Providence Capital Network contract with City of Methuen worth?

The Providence Capital Network contract with City of Methuen is valued at Annual payment $124,358; 48-month lease term, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Methuen City Council Agenda 2026-08-10 (Agenda), dated August 10, 2026 from City of Methuen. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Providence Capital Network hold?

Providence Capital Network may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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