FINANCIAL_SERVICESAPPROVED

South Plainfield School District Awards Financial Services Contract to American Capital (July 2026)

The Board approved five-year financing with American Capital for $329,700 to purchase 600 Chromebooks, protective cases, and four years of accidental damage protection. Annual payments will be $72,985.86 at 5.35% interest, with total interest costs of $35,229.30.

Status
APPROVED
Document date
July 14, 2026
Contract type
FINANCIAL_SERVICES
Vendor
American Capital
Agency
South Plainfield School District · NJ

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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
$329,700 financed; annual payment $72,985.86 for 5 years; total interest $35,229.30 at 5.35%
Contract type
FINANCIAL_SERVICES
Contract term
5-year financing term
Renewal
Five-year fixed-term financing; no automatic renewal indicated.
Document type
Agenda
Source document
South Plainfield Board of Education Regular Public Meeting Agenda 2026-07-14

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by South Plainfield School District?

American Capital was awarded this financial services contract by South Plainfield School District, as recorded on July 14, 2026. The contract value is $329,700 financed; annual payment $72,985.86 for 5 years; total interest $35,229.30 at 5.35%.

How much is the American Capital contract with South Plainfield School District worth?

The American Capital contract with South Plainfield School District is valued at $329,700 financed; annual payment $72,985.86 for 5 years; total interest $35,229.30 at 5.35%, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in South Plainfield Board of Education Regular Public Meeting Agenda 2026-07-14 (Agenda), dated July 14, 2026 from South Plainfield School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does American Capital hold?

American Capital 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 American Capital's profile

What is South Plainfield School District currently buying?

Explore South Plainfield School District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View South Plainfield School District's profile

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