Charter School Revolving Loan Fund Program (CSRLFP)
Designed to provide low-interest loans of up to $250,000 to new charter schools.
If you have any questions about the Charter School Revolving Loan Fund program, please contact CSFA.
The Charter School Revolving Loan Fund is a program that provides low-interest loans of up to $250,000 to new charter schools to assist them with meeting the purposes of the school’s approved charter. The program is available to any charter school that is not a conversion of an existing public school, and that has not yet completed the full term of its initial charter.
Since the California School Finance Authority (CSFA) took over administering the program in 2013, nearly $2 million of previously defaulted loan funds have been recovered, and new regulations implemented by CSFA have led to an impressively low 2% default rate on loans underwritten by CSFA.
The CSRLFP amended regulations were approved by the Office of Administrative Law on December 1, 2016.