FINANCIAL_SERVICESPENDING

Aspire Explores $2.5M Columbia Bank Term Loan

Aspire Public Schools is considering a 10-year term loan of up to approximately $2.5 million from Columbia Bank to finance the acquisition of portable classrooms and construction of a new playground. The non‑binding term sheet outlines an LCFF intercept-secured facility with monthly principal and interest payments, a rate based on the 10-year CMT plus 2.00%, and specified prepayment penalties and covenants.

Status
PENDING
Document date
November 24, 2025
Contract type
FINANCIAL_SERVICES
Vendor
Columbia Bank
Agency
Aspire Slauson Academy Charter District · CA

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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 $2.5MM (Approximate)
Contract type
FINANCIAL_SERVICES
Contract term
10-Year term, 10-Year amortization, monthly principal and interest
Renewal
Single 10-year term loan; no renewals described. The facility will be subject to standard covenants, reporting, and default rate provisions, and rate to be locked up to two weeks prior to closing.
Document type
Proposal
Source document
Aspire Public Schools Proposal Term Sheet 2025-11-24

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Aspire Slauson Academy Charter District?

Columbia Bank was awarded this financial services contract by Aspire Slauson Academy Charter District, as recorded on November 24, 2025. The contract value is Up to $2.5MM (Approximate).

How much is the Columbia Bank contract with Aspire Slauson Academy Charter District worth?

The Columbia Bank contract with Aspire Slauson Academy Charter District is valued at Up to $2.5MM (Approximate), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Aspire Public Schools Proposal Term Sheet 2025-11-24 (Proposal), dated November 24, 2025 from Aspire Slauson Academy Charter District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Columbia Bank hold?

Columbia Bank 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 Columbia Bank's profile

What is Aspire Slauson Academy Charter District currently buying?

Explore Aspire Slauson Academy Charter District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Aspire Slauson Academy Charter District's profile

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