One of CAM’s most unique offerings is pre-bond financing. In most states, charter schools can issue tax-exempt bonds to acquire and develop property. These low-rate bonds will help schools find a permanent home or expand to new campuses. Bonds are typically issued via a conduit issuer, usually a governmental authority.

You may ask: where does CAM fit in? The bond issuance process is long and often delayed. CAM can provide pre-bond financing to help your school reach the bond issuance without disruption. We work directly with your bond team to provide loans that are flexible, medium-term, and designed specifically to bridge the gap until your bond is issued. We can also offer loans in parallel with your existing bond which will conform with all relevant covenants. You can use these funds for pre-development costs for your building, to pay off existing debt, or just as working capital as you get ready to close your bond deal. Talk to us to learn more about this unique opportunity.

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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