Olney-Hamilton Hospital Board of Directors Meeting Minutes June 2023
Hospital Renews $1.8M Line of Credit
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Description
The board renewed line of credit note #91097 with First State Bank of Graham, TX for $1,800,000 at a fixed 6.75% interest rate for 12 months. This facility supports the hospital’s ongoing cash flow and financing needs.
Contract Details
Contract Amount
$1,800,000
Vendor
FIRST STATE BANK OF GRAHAM TX
Agency
Hamilton Hospital, TX
Contract Type
FINANCIAL_SERVICES
Document Date
June 2, 2023
Contract Term
12 months; fixed rate 6.75%
Renewal Date
2024-06-01
Renewal Info
Line of credit note #91097 renewed for an additional 12 months at a fixed rate of 6.75%.
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