FINANCIAL_SERVICESAPPROVED

City of Siloam Springs Awards Financial Services Contract to Cadence Equipment Finance Dba Cadence Bank (January 2026)

Cadence Equipment Finance, division of Cadence Bank, was approved to provide lease-purchase financing for five sanitation vehicles, totaling over $1.6 million, under various two-year lease agreements with balloon payments and municipal-friendly options.

Status
APPROVED
Document date
January 20, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Cadence Equipment Finance Dba Cadence Bank
Agency
City of Siloam Springs · AR

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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
Multiple: $255,000 (Peterbilt 20 Yard), $397,000 (27 Yard Roto Pac), $265,000 (Knuckle Boom Loader), $760,000 (2 Mack Front Load at $380,000 each), 24 monthly payments at specified rates, balloon payments at maturity (see notes)
Contract type
FINANCIAL_SERVICES
Contract term
2 years (24 months), payoff anytime without penalty
Renewal date
2028-01-20
Renewal
Lease term 24 months; allows payoff anytime or buyout at end for no additional consideration. Requires annual renewal in budget process; documentation per bank qualification laws.
Document type
Agenda
Source document
Siloam Springs Board of Directors Agenda January 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 City of Siloam Springs?

Cadence Equipment Finance Dba Cadence Bank was awarded this financial services contract by City of Siloam Springs, as recorded on January 20, 2026. The contract value is Multiple: $255,000 (Peterbilt 20 Yard), $397,000 (27 Yard Roto Pac), $265,000 (Knuckle Boom Loader), $760,000 (2 Mack Front Load at $380,000 each), 24 monthly payments at specified rates, balloon payments at maturity (see notes).

How much is the Cadence Equipment Finance Dba Cadence Bank contract with City of Siloam Springs worth?

The Cadence Equipment Finance Dba Cadence Bank contract with City of Siloam Springs is valued at Multiple: $255,000 (Peterbilt 20 Yard), $397,000 (27 Yard Roto Pac), $265,000 (Knuckle Boom Loader), $760,000 (2 Mack Front Load at $380,000 each), 24 monthly payments at specified rates, balloon payments at maturity (see notes), 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 Siloam Springs Board of Directors Agenda January 2026 (Agenda), dated January 20, 2026 from City of Siloam Springs. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Cadence Equipment Finance Dba Cadence Bank hold?

Cadence Equipment Finance Dba Cadence 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 Cadence Equipment Finance Dba Cadence Bank's profile

What is City of Siloam Springs currently buying?

Explore City of Siloam Springs's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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