FINANCIAL_SERVICESONGOING

Summit term loan refinances legacy credit facility

Sonoma Valley Hospital utilizes a $1.9 million fixed-rate term loan from Summit State Bank at 7.75% to refinance its legacy US Bank line of credit. The loan amortizes through November 2029 under covenants tied to liquidity and debt service coverage.

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
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$1,900,000 term loan
Contract type
FINANCIAL_SERVICES
Contract term
November 2024 – November 2029
Renewal date
2029-11-30
Renewal
Loan executed November 2024 with scheduled amortization to November 2029; no renewal or extension options are described beyond maturity.
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 $1,900,000 term loan.

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 $1,900,000 term loan, 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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