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  • CCSA Works with Lending Community to Provide Emergency Loan Program

     

    California's budget problems are creating an unsustainable cash flow situation for public schools, which have been forced to cope with multiple payment deferrals. While districts can reliably access Tax and Revenue Anticipation Notes (TRANs) to address most of their cash flow concerns, charter schools have far fewer options. CCSA, together with financial partners Nonprofit Finance Fund (NFF), Enterprise Community Partners and Low Income Investment Fund (LIIF), launched an Emergency Loan Program in response to Spring 2011 state delays. The program provided approximately $2.2 million in loans at a competitive rate.

    From: In the News.Published May 11, 2011.Last Modified June 16, 2011.
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