FINANCIAL_SERVICESRENEWED

Da Vinci Renews $3M Banc of California Credit Line

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.

Document date · August 28, 2026

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Veritone logo
TerraCycle logo
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WithersRavenel logo
Derivita logo
Comcate logo
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Veritone logo
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Scope & details

The full contract record, as filed.

Contract amount
Line of Credit increased from $2,500,000 to $3,000,000; Annual one-time fee of $1,000
Contract type
FINANCIAL_SERVICES
Contract term
August 10, 2026 – August 10, 2028; 12 month outstanding allowance
Renewal date
2028-08-10
Renewal
LOC renewed for two years with increased limit and revised interest rate; valid from 2026-08-10 to 2028-08-10.
Document type
Agenda
Source document
Da Vinci Schools Regular Board Meeting Agenda 2026-08-28

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Frequently asked questions

Common questions about this contract, answered from the record.

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.

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.

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