FINANCIAL_SERVICESTABLED

Lakeland Tables $3M Line of Credit Proposal

Lakeland School District tabled a proposal to secure a $3 million line of credit from People's Security Bank and Trust at 5.99% interest, maturing December 31, 2025. The credit line would support operational cash flow during the 2025-2026 state budget impasse.

Status
TABLED
Document date
August 12, 2025
Contract type
FINANCIAL_SERVICES
Vendor
People's Security Bank & Trust
Agency
Lakeland School Corporation · IN

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TerraCycle logo
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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
$3,000,000 line of credit at 5.99%
Contract type
FINANCIAL_SERVICES
Contract term
Until December 31, 2025
Renewal date
2025-12-31
Renewal
Proposed short-term line of credit maturing December 31, 2025; action was tabled and not yet approved.
Document type
Minutes
Source document
lakeland_school_board_special_meeting_minutes_augu.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Lakeland School Corporation?

People's Security Bank & Trust was awarded this financial services contract by Lakeland School Corporation, as recorded on August 12, 2025. The contract value is $3,000,000 line of credit at 5.99%.

How much is the People's Security Bank & Trust contract with Lakeland School Corporation worth?

The People's Security Bank & Trust contract with Lakeland School Corporation is valued at $3,000,000 line of credit at 5.99%, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in lakeland_school_board_special_meeting_minutes_augu.pdf (Minutes), dated August 12, 2025 from Lakeland School Corporation. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does People's Security Bank & Trust hold?

People's Security Bank & Trust 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 People's Security Bank & Trust's profile

What is Lakeland School Corporation currently buying?

Explore Lakeland School Corporation's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Lakeland School Corporation's profile

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