The Charter School Revolving Loan Fund Program
State Treasurer's Office
The Charter School Revolving Loan Fund Program provides low-cost loans of up to $250,000 to charter schools
Jargon-free version
Gives charter schools low-cost loans up to $250,000 to help with their funding needs. Priority is for schools opening this fiscal year.
Quick Facts
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What Is This Program?
What Benefits Are Offered?
Provides low-cost loans to charter schools. Funds are disbursed in two stages: up to 40% initially, with the remaining 60% after California Department of Education certifies attendance, typically in mid to late March. Loans are for up to 5 years.
Who Is Eligible?
Industries: education
Region: California
Other Criteria: charter schools, Nonprofit Public Agency, priority for schools opening in the current fiscal year, undergo extensive credit evaluations
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📋What Are the Application Steps & Timeline?
- 📝Steps to Apply
- Read the full grant guidelines
- Prepare necessary documentation
- Submit application through the online portal
- 🌐Application Portal
- https://www.grants.ca.gov/grants/the-charter-school-revolving-loan-fund-program/
- 📤Submission Method
- online
- 📅Key Dates
- PendingExpected award announcementUp to a 5 year loanPeriod of performance
- 🔄Intake Type
- rolling
📄What Documents Are Required?
- ✅Required Documents
- SF-424 (Application for Federal Assistance)
- SF-424A (Budget Information - Non-Construction)
- SF-424B (Assurances)
- Project Narrative
- Budget Narrative
- Proof of Authority by the governing body
- 📐Format Requirements
- PDF only, max 10MB
- ✉️Supporting Letters
- Proof of Authority by the governing body
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💰What Expenses Are Eligible?
- 🧾Eligible Expenses
- Costs associated with charter school operations
- Loan repayment
- 💳Payment Model
- mixed
🤝Is Matching Funding Required?
- 🔀Matching Required
- No
- 📚Stacking Rules
- No
📊What Are the Reporting Requirements?
- 🗓️Reporting Frequency
- annual
- 📑Reporting Requirements
- performance progress report
- SF-425 Federal Financial Report
- 🔍Audit Requirements
- OMB Uniform Guidance Single Audit if the recipient expends $750,000 or more in federal awards
- 📢Branding Requirements
- Acknowledgment of federal funding required
- 🗄️Record Retention Period
- 3 years post-final-report
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FAQFrequently Asked Questions
Visit the program page for detailed eligibility requirements.
This program offers funding up to $250,000 (minimum $100,000).
Check the official program website for current deadlines.
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