Guide to Obtaining Financing for Your Charter School Part I

Keys to Obtaining Financing for Your Charter School

Make sure your enrollment is steady or growing.
Have at least three years of clean audit reports.
Have monthly financials including income statement, balance sheet, and cash flow forecast.
Develop a five-year plan.
Develop a facilities plan that aligns with your enrollment growth and financial forecast.

Tips to Consider When Seeking Financing

Be prepared to negotiate. When you are negotiating with a lender, be prepared to discuss your school’s financial situation and what you are looking for in a financing package.
Be patient. Obtaining financing for a charter school can be a time-consuming process. Be patient and persistent, and you will eventually find the financing you need to make your school a reality.
Start early. The sooner you start the financing process, the more time you will have to build your business plan, build your team, and do your research.
Get help from experts. There are a number of organizations and financial advisory firms that can help charter schools obtain financing. These organizations can provide you with information, expert advice, and support.
Don’t give up. Obtaining financing for a charter school can be a challenge, but it is possible.

2022 Highlights

Harbor Springs CAM funded $14.5 million to Harbor Springs Charter School to acquire and improve its new learning center in Chula Vista, California.	Nevada Charters CAM provides ongoing working capital for five Nevada charter schools in the greater Las Vegas area and will assist with funding for their future facilities plans.	Wilberforce CAM funded Wilberforce University, the nation’s oldest HBCU, $5.5 million for new programs and the restructuring of existing obligations.

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