{"id":16532,"date":"2024-07-08T18:53:39","date_gmt":"2024-07-08T18:53:39","guid":{"rendered":"https:\/\/www.hopecu.org\/?post_type=product&p=16532"},"modified":"2025-09-12T18:42:00","modified_gmt":"2025-09-12T22:42:00","slug":"charter-schools","status":"publish","type":"product","link":"https:\/\/www.hopecu.org\/product\/business\/community-development\/charter-schools\/","title":{"rendered":"Charter Schools"},"content":{"rendered":"\n
\n
\n

Go to the head of the class with charter school financing from HOPE<\/h2>\n<\/div>\n\n\n\n
\n
\n

HOPE\u2019s Charter School Facilities Fund is designed to strengthen charter schools in the Deep South region of Alabama, Arkansas,<\/strong> Louisiana, Mississippi and Tennessee by providing financing for projects and technical assistance. <\/strong><\/h2>\n\n\n\n
<\/div>\n\n\n\n

RFP Notice:<\/strong> HOPE has a Request for Proposals opportunity for “Academic and Policy Monitoring for Portfolio Management” in our Charter School Financing program. Click here<\/span><\/strong><\/a> to get more information and respond to the RFP.<\/h3>\n\n\n\n
<\/div>\n\n\n\n

The goal is to ensure that children in underserved communities have access to quality education in well-equipped, modern school facilities.<\/p>\n\n\n\n

HOPE has supported more than 29 facility projects, helping to create over 10,972 seats across Alabama, Arkansas, Louisiana, Mississippi and western Tennessee.<\/p>\n\n\n\n

In addition to providing financing, HOPE serves as a technical assistance partner to charter school leaders and their board members. HOPE also works with schools to help build the financial capabilities of their students, parents and teachers by offering banking and other wealth building services, which support the surrounding community.

To explore financing for your charter school, contact: <\/p>\n\n\n\n

Charity Hallman, SVP
Community and Economic Development
501-551-2206
<\/p>\n\n\n\n

\n
Meet the CED Team<\/a><\/div>\n<\/div>\n\n\n\n


Download the Charter School Loan Application<\/span><\/a><\/p>\n\n\n\n

<\/div>\n\n\n\n
\n
\n
\n
\n
\n

Important Charter School Loan Information<\/h2>\n

<\/p>\n <\/div>\n

\n
\n
\n

Eligibility<\/h2>\n
\n
<\/div>\n
<\/div>\n <\/div>\n <\/div>\n
\n
\n

<\/p>\n

    \n
  • \n
      <\/p>\n
    • Located in Alabama, Arkansas, Louisiana, Mississippi or greater Memphis Area<\/li>\n
    • Loans available to independent schools and non-profit, charter management organizations<\/li>\n
    • Has 50% or more of students who are eligible for free or reduced lunch.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n
        \n
      • <\/li>\n<\/ul>\n <\/div>\n <\/div>\n <\/div>\n
        \n
        \n

        Uses<\/h2>\n
        \n
        <\/div>\n
        <\/div>\n <\/div>\n <\/div>\n
        \n
        \n

        <\/p>\n

          \n
        • \n
            <\/p>\n
          • Acquisition<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n

            <\/p>\n

              \n
            • \n
                \n
              • Construction<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n

                <\/p>\n

                  \n
                • \n
                    \n
                  • Renovation<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n

                    <\/p>\n

                      \n
                    • \n
                        \n
                      • Permanent Financing<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n

                        <\/p>\n

                          \n
                        • \n
                            \n
                          • Leasehold Improvements<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n

                            <\/p>\n

                              \n
                            • \n
                                \n
                              • Subordinate Debt<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n

                                <\/p>\n

                                  \n
                                • \n
                                    \n
                                  • Leveraged Loans Using New Market<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n

                                    <\/p>\n

                                      \n
                                    • \n
                                        \n
                                      • Tax Credits<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n

                                        <\/p>\n

                                        <\/p>\n

                                        LOAN SIZE – Determined by the project cost, collateral, financial history, and ability to repay<\/p>\n

                                        RATE – Varies by product and term<\/p>\n

                                         <\/p>\n <\/div>\n <\/div>\n <\/div>\n

                                        \n
                                        \n

                                        Term<\/h2>\n
                                        \n
                                        <\/div>\n
                                        <\/div>\n <\/div>\n <\/div>\n
                                        \n
                                        \n

                                        <\/p>\n

                                          \n
                                        • \n
                                            <\/p>\n
                                          • Acquisition or construction loans: Up to 18 months<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n

                                            <\/p>\n

                                              \n
                                            • \n
                                                \n
                                              • Permanent loans: 5 to 15 years; amortizations up to 25 years<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n

                                                <\/p>\n

                                                  \n
                                                • \n
                                                    \n
                                                  • Leasehold improvement loans: Loan term not to exceed term of lease<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n

                                                    <\/p>\n

                                                    <\/p>\n <\/div>\n <\/div>\n <\/div>\n

                                                    \n
                                                    \n

                                                    Collateral<\/h2>\n
                                                    \n
                                                    <\/div>\n
                                                    <\/div>\n <\/div>\n <\/div>\n
                                                    \n
                                                    \n

                                                    <\/p>\n

                                                      \n
                                                    • \n
                                                        <\/p>\n
                                                      • Real estate mortgage or leasehold mortgage<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n

                                                        <\/p>\n

                                                          \n
                                                        • \n
                                                            \n
                                                          • Security interest in personal property<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n

                                                            <\/p>\n

                                                              \n
                                                            • \n
                                                                \n
                                                              • Guarantee from another creditworthy entity<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n

                                                                <\/p>\n

                                                                <\/p>\n <\/div>\n <\/div>\n <\/div>\n

                                                                \n
                                                                \n

                                                                Fees<\/h2>\n
                                                                \n
                                                                <\/div>\n
                                                                <\/div>\n <\/div>\n <\/div>\n
                                                                \n
                                                                \n

                                                                <\/p>\n

                                                                  \n
                                                                • \n
                                                                    <\/p>\n
                                                                  • Commitment Fee<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n

                                                                    <\/p>\n

                                                                      \n
                                                                    • \n
                                                                        \n
                                                                      • Borrower to pay all costs incurred in the making and enforcement of the loan<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n

                                                                        <\/p>\n

                                                                        <\/p>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n<\/section>\n\n