Civic IQ
FINANCIAL_SERVICESONGOING

Merchants Fleet Financing for Electric Van Purchase

CalVans relies on Merchants Fleet to finance approximately $619,000 of the cost for 42 electric vans tied to the AHSC Central Terrace project. The authority is currently making roughly $55,000 in monthly payments under this financing arrangement.

Document date · May 14, 2026

Issuing agencyCalifornia Vanpool Authority (Calvans)VendorMerchants Fleet

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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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
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Scope & details

The full contract record, as filed.

Contract amount
Approximately $619,000 financed; about $55,000 per month
Contract type
FINANCIAL_SERVICES
Contract term
Ongoing finance payments of approximately $55,000 per month; term not specified
Document type
AgendaPacket
Source document
California Vanpool Authority Board of Directors Meeting Agenda May 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by California Vanpool Authority (Calvans)?

Merchants Fleet was awarded this financial services contract by California Vanpool Authority (Calvans), as recorded on May 14, 2026. The contract value is Approximately $619,000 financed; about $55,000 per month.

How much is the Merchants Fleet contract with California Vanpool Authority (Calvans) worth?

The Merchants Fleet contract with California Vanpool Authority (Calvans) is valued at Approximately $619,000 financed; about $55,000 per month, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in California Vanpool Authority Board of Directors Meeting Agenda May 2026 (AgendaPacket), dated May 14, 2026 from California Vanpool Authority (Calvans). Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Merchants Fleet hold?

Merchants Fleet 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 Merchants Fleet's profile

What is California Vanpool Authority (Calvans) currently buying?

Explore California Vanpool Authority (Calvans)'s vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View California Vanpool Authority (Calvans)'s profile