Expecting to increase enrolment next year? Worried about cash flow?

Many charter schools experience rapid growth, sometimes over 100% within the first few years. The timing of school funding in California however can leave these schools without adequate funding for the first few months of the school year.

As state funding represents approximately 90% of a charter school's revenues, these schools are frequently deprived of increased enrollment opportunities. The Charter School Growth Loan Program helps to bridge the gap so that schools do not have to turn down new enrollments due to a lack of funding.

Charter Schools Growth Loan Program features include:

• Bridge Loans for new enrollment prior to P1 adjustments
• Two loan disbursement dates to minimize interest costs: August (30% of loan amount) and November (70%)
• Complements SB 604 funding

To participate in the Growth Loan Program, schools must:

• Have been in operation for at least one year
• Have experienced growth of 15% or greater
• Have sound financials and a strong management team
• Be members of the California Charter Schools Association
  

We're happy to report that since 2004, the Association's Growth Loan Program has provided over $35 million to growing charter schools, created nearly 11,000 additional charter seats, and repaid 100% of interest and principal payments to lenders.

Our Growth Loan Program Funding Partners:

Applications are no longer being accepted for 2009/10.