Da Vinci Renews $3M Banc of California Credit Line
Da Vinci Connect DistrictSchool · El Segundo, CA- Disclosed value
- Line of Credit increased from $2,500,000 to $3,000,000; Annual one-time fee of $1,000
- From agenda
- Document date
- Aug 28, 2026
- Renews
- Free account
The 30-second brief
Da Vinci Schools Board will renew its revolving line of credit with Banc of California, increasing the facility from $2.5 million to $3 million for a two-year term. The renewed credit line includes a 12-month outstanding allowance, an interest rate tied to WSJ Prime, and a $1,000 annual fee.
Banc of California holds this financial services contract with Da Vinci Connect District. Its other public contracts on record include work for Orchard Dale Water District and Cities For Self Reliance Joint Powers Authority.
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Contract details
- Contract type
- Financial Services
- Amount
- Line of Credit increased from $2,500,000 to $3,000,000; Annual one-time fee of $1,000
- Document date
- August 28, 2026
- Term
- August 10, 2026 – August 10, 2028; 12 month outstanding allowance
- Renews
- On record
- Vendor
- Banc of California
- Source document
- Da Vinci Schools Regular Board Meeting Agenda 2026-08-28 (Agenda)
Banc of California's other public contracts
More Da Vinci Connect District contracts
Questions about this contract
Who was awarded the financial services contract by Da Vinci Connect District?
Banc of California was awarded this financial services contract by Da Vinci Connect District, as recorded on August 28, 2026. The contract value is Line of Credit increased from $2,500,000 to $3,000,000; Annual one-time fee of $1,000.
How much is the Banc of California contract with Da Vinci Connect District worth?
The Banc of California contract with Da Vinci Connect District is valued at Line of Credit increased from $2,500,000 to $3,000,000; Annual one-time fee of $1,000, 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 Da Vinci Schools Regular Board Meeting Agenda 2026-08-28 (Agenda), dated August 28, 2026 from Da Vinci Connect District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Banc of California hold?
Banc of California 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 Da Vinci Connect District currently buying?
Explore Da Vinci Connect District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.