FINANCIAL_SERVICESONGOING

Hospital maintains $10.5M Summit working capital line

Sonoma Valley Hospital maintains a $10.5 million revolving line of credit with Summit State Bank to support working capital needs through November 2031. The facility, renewed and expanded in 2025, is priced at Prime plus 1.5% and is subject to liquidity and coverage covenants.

Document date · August 25, 2026

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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
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Scope & details

The full contract record, as filed.

Contract amount
$10,500,000 revolving line of credit
Contract type
FINANCIAL_SERVICES
Contract term
November 2024 – November 2031
Renewal date
2031-11-30
Renewal
Line established November 2024 and renewed with increased revolver in November 2025; current maturity November 2031. Covenants require zero balance period and may influence future renewals.
Document type
AgendaPacket
Source document
Sonoma Valley Health Care District AgendaPacket Finance Committee Meeting 2026-08-25

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Sonoma Valley Hospital?

Summit State Bank was awarded this financial services contract by Sonoma Valley Hospital, as recorded on August 25, 2026. The contract value is $10,500,000 revolving line of credit.

How much is the Summit State Bank contract with Sonoma Valley Hospital worth?

The Summit State Bank contract with Sonoma Valley Hospital is valued at $10,500,000 revolving line of credit, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Sonoma Valley Health Care District AgendaPacket Finance Committee Meeting 2026-08-25 (AgendaPacket), dated August 25, 2026 from Sonoma Valley Hospital. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Summit State Bank hold?

Summit State 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.

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