Charter School Lending

Facilities Financing

CAM’s facilities financing program provides charter schools with access to capital to acquire, build, or renovate school facilities. The program is designed to be flexible and affordable, and it is available to charter schools of all sizes and locations.

Revolving Line of Credit

This is CAM’s flagship program. A line of credit is a revolving loan that runs between 1 to 5 years. Once the line is open, your school can drawdown at any time. The school makes monthly payments based on an average outstanding balance. Our revolving line of credit is low-cost, flexible, and ideal for general working capital purposes.

Term Loans

In a term loan, the full loan amount is funded upfront. The school makes fixed monthly payments amortized over the duration of the loan. Term loans are between 1 and 5 years and are ideal for capital projects like tenant improvements and other expansion purposes.

Bridge Financing

Bridge financing is a short-term loan that bridges the gap between a charter school’s current financial resources and the amount of money it needs to complete a specific project. CAM offers bridge financing to charter schools for a variety of purposes including acquiring or renovating a school facility, expanding or improving educational programs, and covering unexpected expenses.

Pre-Bond Financing

Pre-bond financing is a medium-term financing tool that helps bridge to a bond issuance. CAM loans your school the funds you need for pre-development and other bond issuance related costs. The bond then takes out CAM’s loan.

Factoring

Factoring is a short-term financing tool where CAM purchases your school’s future state-aid and advances the capital to you now. Factoring is great to fuel enrollment growth, mitigate state-aid deferrals, and bridge cash gaps. Although factoring is fast and reliable, we recommend using it for urgent situations and as a last resort.