Summit term loan refinances legacy credit facility
Sonoma Valley HospitalPublic Hospital · Sonoma, CA- Disclosed value
- $1,900,000 term loan
- From agendapacket
- Document date
- Aug 25, 2026
- Term
- November 2024 – November 2029
- Renews
- Free account
The 30-second brief
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.
Summit State Bank holds this financial services contract with Sonoma Valley Hospital. Its other public contracts on record include work for Graton Fire Protection District and Northern Sonoma County Fire Protection District.
The renewal date is on record. A free account shows it, with the renewals for every Sonoma Valley Hospital contract.
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Contract details
- Contract type
- Financial Services
- Amount
- $1,900,000 term loan
- Document date
- August 25, 2026
- Term
- November 2024 – November 2029
- Renews
- Free account
- Vendor
- Summit State Bank
- Agency
- Sonoma Valley Hospital
- Source document
- Sonoma Valley Health Care District AgendaPacket Finance Committee Meeting 2026-08-25 (AgendaPacket)
Summit State Bank's other public contracts
More Sonoma Valley Hospital contracts
Questions about this contract
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.
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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.
What is Sonoma Valley Hospital currently buying?
Explore Sonoma Valley Hospital's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.