Civic Asset Management offers loans and financing for colleges, universities, and non-profits working in the education space. We are a sister fund to Charter Asset Management. Collectively, we are known as CAM. While we come from the same roots and share the same core values of low-cost financing, reliability, and great service, CAM serves charter schools, and Civic serves colleges, universities, and companies like yours that are doing amazing work in education. Civic offers lines of credit, term loans, and factoring at great rates designed with you in mind. Give us a call if you think your organization qualifies.
Funding Programs
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.
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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.
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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.
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Start-up Capital Start-up capital is for new charters seeking seed money before launch. It is funded in the spring of the year zero. Start-up capital can be factoring or small term loans.
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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.
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Revenue Anticipation Notes For charters with a proven track-record, the school can issue RANS via a public authority. CAM then buys the notes and funds your school. This is a medium to long term solution with the best rates.
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