CAM’s flagship program is our revolving line of credit which provides your school with working capital power combined with ultimate flexibility, long repayment horizon, and low costs. We also provide term loans which have similar advantages but a different drawdown and repayment structure.

CAM offers two types of loans to charter schools and CMO’s: revolving line of credit and term loan. With a revolving line of credit, your school has access to funds that can be drawn down and repaid as needed. With a term loan, your school receives the full amount up front and repays over the course of the loan. Both of these types of loans can help your school grow and maintain its daily operations.

You may wonder what sets CAM apart from other lenders, other than our low interest rates. With CAM, your school can qualify for loans without using real estate as collateral. CAM lends to your school based on the state-aid generated by your student enrollment. Most banks cannot do this. CAM is different. At CAM, all you need is a valid charter and proof of enrollment at get started.

Talk to us about getting funded.

Revolving Line of Credit – Step by Step

CAM’s revolving line of credit is our most powerful and flexible program. Once you apply, our client services team will formulate a plan with you. We will then underwrite the line of credit and conduct due diligence. We will then present a line of credit offer which will delineate the terms and conditions. If you choose to proceed, we begin the line of credit closing process which includes the legal agreements and other closing items specific to your school.

At closing, we process the line advance and wire the funds to your school’s account. The loan closing process can take from two to three weeks. Once the line is open, additional line advances only require five business days.

1. Apply for the Revolving Line of Credit

You can apply for the revolving line of credit online or by contacting us directly. Our client services team will respond to you within one business day.

2. Underwriting

To underwrite the loan, we will request and review school financials, governance information, enrollment data, etc.

3. Line of Credit Offer

We will present a line of credit proposal which will delineate the terms of the line. We will present the proposal to you and make adjustments as needed.

4. Line of Credit Closing Process

Should you decide to proceed, we will begin the loan closing process and set a closing agenda. This process includes the review and execution of loan agreements, verifying the borrowing base, implementing cash dominion, and finalizing the loan advance.

5. Line Advance Funded

Once all agreements are signed and the closing items completed, we will process the line advance and wire the funds to your school’s account.

To learn more, give us a call.

Loan Timeline

Funding Programs

factoring 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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lines-of-credit 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 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

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

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 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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Talk to us about getting your school funded

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