Capital for Education
LIIF helps schools operate stable, sustainable learning environments by providing educational organizations and school developers with flexible and affordable financing. LIIF provides high-performing charter schools with loans for new facilities and for rehabilitation and green retrofits to existing facilities. LIIF also provides financing for schools through New Markets Tax Credit transactions and tax-exempt bond issues. Read below for information about our products supporting educational opportunities.
For more information about our work to increase educational opportunities for low income youth, read about our Education Program.
Through its Revolving Loan Fund (RLF), LIIF provides predevelopment, acquisition, construction and term financing to nonprofit and for-profit charter school developers. RLF funds may cover the closing costs and capitalized interest reserve, if necessary.
- Loan Terms
Acquisition: Up to 3 years
Construction: Up to 2 years
Mini-Perm: Up to 10 years
Judi Kende, Managing Director, Eastern Region, firstname.lastname@example.org
Brian Prater, Managing Director, Western Region, email@example.com
The Revenue Anticipation Note (RAN) is a short-term bond financing program for high-performing California charter schools that face temporary cash flow challenges associated with state budget delays. Borrowers can access low-cost working capital to bridge deferred cash flows for a single fiscal year. The RAN allows great schools to stay open, keeping students learning and staff working.
- Financing is available to California multi-school charter management organizations and single-school operators with strong track records
- Loan Size
- $250,000 – $15,000,000
- Amy Laughlin, Senior Loan Officer, firstname.lastname@example.org
More information about New Markets Tax Credits
More information about CSFP