Silicon Valley Bank Construction Loan To Charter School
Kairos Public DistrictSchool · Vacaville, CA- Disclosed value
- Maximum loan amount $7,500,000; outstanding balance $679,418 as of June 30, 2022
- From report
- Document date
- Jun 30, 2022
- Renews
- Free account
The 30-second brief
Kairos Public School Vacaville Academy entered into a promissory note with Silicon Valley Bank in January 2022 for up to $7.5 million to finance construction and property improvements. The loan bears 3.81% interest, transitions from interest-only payments to amortizing payments in February 2024, and matures January 24, 2029.
Silicon Valley Bank holds this financial services contract with Kairos Public District. Its other public contracts on record include work for City of San Jose and Highlands Recreation Community Services District.
The renewal date is on record. A free account shows it, with the renewals for every Kairos Public District contract.
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Contract details
- Contract type
- Financial Services
- Amount
- Maximum loan amount $7,500,000; outstanding balance $679,418 as of June 30, 2022
- Document date
- June 30, 2022
- Term
- Promissory note expected completion funding through January 2024; maturity January 24, 2029
- Renews
- Free account
- Vendor
- Silicon Valley Bank
- Agency
- Kairos Public District
- Source document
- kairos-public-districtreport2022-06-30_8f9.pdf (Report)
Silicon Valley Bank's other public contracts
More Kairos Public District contracts
Questions about this contract
Who was awarded the financial services contract by Kairos Public District?
Silicon Valley Bank was awarded this financial services contract by Kairos Public District, as recorded on June 30, 2022. The contract value is Maximum loan amount $7,500,000; outstanding balance $679,418 as of June 30, 2022.
How much is the Silicon Valley Bank contract with Kairos Public District worth?
The Silicon Valley Bank contract with Kairos Public District is valued at Maximum loan amount $7,500,000; outstanding balance $679,418 as of June 30, 2022, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a report record.
Where was this contract approved?
This contract appears in kairos-public-districtreport2022-06-30_8f9.pdf (Report), dated June 30, 2022 from Kairos Public District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Silicon Valley Bank hold?
Silicon Valley 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.
What is Kairos Public District currently buying?
Explore Kairos Public District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.