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Columbia council authorizes staff to pursue bridge loan or line of credit as interim financing option
Columbia Borough Council · February 11, 2026
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Summary
Council authorized staff to begin exploring terms for either a line of credit or a revenue anticipation/bridge loan (TAN/RAL) — staff referenced a potential $2,000,000 bridge loan — and instructed that any final terms would return to council for approval.
On Feb. 10 Columbia Borough Council unanimously authorized staff to pursue discussions with lenders about short-term interim financing, including either a line of credit or a revenue anticipation (bridge) loan.
Finance…
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