Our RANS program is designed for schools with a long, proven track record. Your school issues the RANS with the help of your financial adviser. CAM will be the single investor and purchase the notes. Your school receives the proceeds and repays the note over time. RANS are like a bond issuance, except without the real estate component.
Most states have agencies in place to help schools make these public offerings. California has several agencies through which RANs can be issued. RANS have low interest rates, are medium term, and are often tax-exempt which can create huge benefits to your school. Talk to us and see if your school qualifies.
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.
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.
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 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 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 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.