The Charter School Revolving Loan Fund Program

The Charter School Revolving Loan Fund (CSRFL) Program, administered by the California State Treasurer’s Office, offers low‑cost loans of up to $250,000 to eligible nonprofit or public‑agency charter schools, with priority for schools opening in the current fiscal year. The Authority conducts credit evaluations, recommends funding, executes loan agreements, creates payment schedules, disburses funds (initial 40% advance, remainder after attendance certification), and manages loan repayment and defaults. The program is funded through loan repayments and interest, with a total estimated funding pool of $25 million and an expected number of awards dependent on applications. Applicants must submit a letter of intent (not required) and do not need matched funding. • Eligible applicants: nonprofit and public‑agency charter schools • Loan amount: up to $250,000 (typical award $100k–$250k) • Funding method: advance disbursement (40% then 60% after attendance verification) • Period of performance: up to 5‑year loan term • Total program funding: $25 million, number of awards dependent on demand • Application period open since July 1 2013; no specific deadline listed • Contact: (916) 651‑7710 / [email protected]