Details | Charter School Revolving Loan Fund Program


Funder

 

California State Treasurer

Implementer

 

California School Finance Authority

Description

 

he Charter School Revolving Loan Fund is a program that provides low-interest loans of up to $250,000 to new charter schools to assist them with meeting the purposes of the school approved charter. The program is available to any charter school that is not a conversion of an existing public school, and that has not yet completed the full term of its initial charter. Since the California School Finance Authority (CSFA) took over administering the program in 2013, nearly $2 million of previously defaulted loan funds have been recovered, and new regulations implemented by CSFA have led to an impressively low 2% default rate on loans underwritten by CSFA.

Funding guidance

 

Applications open

 

None

Applications close

 

None

Type

 

Secured Loan

Category

 

Financing

Territory

 

California

Applicant type

 

Non Profit

Project

 

New Addition to an Existing Building  |  Real Estate and Asset Purchases  |  Rehabilitation of Existing Whole Building  |  Rehabilitation of Part of an Existing Building  |  Whole New Building Construction

Sector

 

Commercial

Sub-sector

 

Education

Sustainability

 

Energy Efficiency in Buildings  |  Energy Management System  |  Energy Storage  |  Generation Systems  |  Water Use Reduction

Additional website

 

Small business

 

False

Disadvantaged communities

 

False

Cost sharing amount

 

None

Cost sharing percent

 

None

Cost sharing note

 

Minimum repayment years

 

None

Maximum repayment years

 

None

Interest rate comment

 

Incentive