Guide to Obtaining Financing for Your Charter School Part II

Guidelines for a good credit profile for lender’s review for your charter school

Good standing relationship with Back Office/Accounting Firm: The school must have a good working relationship with an independent back office or accounting firm.
Good Standing Certificate: The school must have a current Good Standing Certificate from its authorizer.
Executive Director with at least 3+ years of experience: The school should have an Executive Director with at least three years of experience in a leadership role at a charter school.
Independent Board of Directors: The school must have an independent Board of Directors.
Develop a facilities plan that aligns with your enrollment growth and financial forecast.
No tax liabilities: The school must have no outstanding tax liabilities.
Clean background check: No criminal record or history of financial fraud.
No bankruptcies: No personal of school leaders or business bankruptcies.

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.

Charter Asset Management

www.charterassetmanagement.com

2023 © Charter Asset Management Fund, LP 530 Lytton Avenue, 2nd Floor, Palo Alto, CA 94301 633 W. 5th Street, 26 Floor, Los Angeles, CA 90071