Charter school approves $16.75M loan with Tri Counties Bank
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Description
E Voices College-Bound Language Academies, through VCBLA NIDO LLC, approved a bank financing arrangement with Tri Counties Bank for loans up to $16,750,000. The financing will fund acquisition, construction, renovation, and equipping of school facilities in Morgan Hill and Richmond, along with reserves, capitalized interest, and issuance costs.
Contract Details
Contract Amount
Not to exceed $16,750,000
Vendor
TRI COUNTIES BANK
Agency
Voices College-Bound Language Academy District, CA
Contract Type
FINANCIAL_SERVICES
Document Date
June 4, 2026
Renewal Info
Single loan facility up to $16,750,000 secured by gross revenues, first deeds of trust on school sites, and state apportionment intercept; borrower must maintain primary operating and intercept accounts with the lender. Specific maturity date and amortization schedule are not specified in the resolution.
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