FINANCIAL_SERVICESPENDING

Columbia Bank Proposes $25M Credit Line for Aspire

Aspire Public Schools received a term sheet from Columbia Bank for a proposed 12‑month, $25 million working capital revolving line of credit secured by LCFF intercepts. The credit facility would carry a floating WSJ Prime-based rate with a 3.50% floor, interest-only monthly payments, and several financial covenants, subject to final underwriting and credit approval.

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

Trusted by teams at

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
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
$25,000,000
Contract type
FINANCIAL_SERVICES
Contract term
12 months
Renewal
This term sheet contemplates a renewal of the existing revolving line of credit with Columbia Bank, maintaining similar collateral and structure for another 12‑month term. Final commitment and any future renewals will depend on Columbia Bank’s underwriting, credit approval, and the Borrower’s ongoing compliance with covenants.
Document type
Proposal
Source document
Aspire Pacific Academy District Proposal Term Sheet 2025-11-24

Related contracts

Other contracts from Columbia Bank.

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

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

Columbia Bank was awarded this financial services contract by Aspire Pacific Academy District, as recorded on November 24, 2025. The contract value is $25,000,000.

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

The Columbia Bank contract with Aspire Pacific Academy District is valued at $25,000,000, 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 Pacific Academy District Proposal Term Sheet 2025-11-24 (Proposal), dated November 24, 2025 from Aspire Pacific Academy 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 Pacific Academy District currently buying?

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

View Aspire Pacific Academy District's profile

Bring us your territory.
We'll show you what is forming.

B2G and SLED sales intelligence. Surface government procurement signals from 80,000+ state, local, and education agencies months before the RFP.

Try Civic IQ for free