Charter School Growth Fund

Service Providers: Nonprofit Lender
schools supported
$ 98,000,000
in financings

  • National

  • less than one year 
  • one to three years 
  • more than three years of operating history or one charter renewal
  • charter management organizations

The Charter School Growth Fund (CSGF) identifies the country's best charter schools, funds their expansion, and helps to increase their impact. The organization is driven by a conviction that all children deserve great public schools in their communities. In addition to financing, it provides financing technical assistance and real estate technical assistance. Charter School Growth Fund’s facilities investments are available only for charter school operators that have received a growth investment from CSGF. Available products are described below:

 Terms (Years)
Acquisition loans5
Construction loans5
Mini-permanent loans5
Permanent loansN/A
Predevelopment loans5
Working capital2


Maximum financing for a single project$5,000,000
Maximum amortization (years)Interest-only


Portfolio Statistics
Total historic financing1$98,000,000
Number of schools supported66
NMTC allocation employed for charter facilitiesN/A
Number of schools supported with NMTCN/A
CDFI BGP allocation deployed for schoolsN/A
Number of schools supported with CDFI BGPN/A
Remaining capacity in CDFI BGP allocationN/A


Portfolio Performance
$ amount of financing repaid/refinanced2$51,500,000
NMTC matured/refinancedN/A
Total number of transactions350
Original $ amount of defaults4$875,000
Number of defaults1
Default rate (% of total $ amount of financing)1%
Default rate (% of total number of financings)2%
$ amount write-offs$0
Number of write-offs0
Write-off rate (% of total $ amount of financing)0%
Write-off rate (% of total number of financings)0%



1Financing defined as grants, recoverable grants, loans, and guarantees.

2Includes full repayments only; does not include partial amortizations or restructurings.

3Number includes only those financings with a repayment obligation; it excludes grants.

4A defaulted loan is defined as one in which the school can no longer make debt service payments and the lender must litigate or foreclose for repayment. This figure represents the loan amount at origination, not the amount outstanding at default.


Last Updated: October 2018


Disclosure: Information on this page has been provided by the organization. Any questions related to figures or programs listed should be directed to the contact shown above. Keep in mind that each school’s situation will differ slightly and you’ll need to speak to the contact listed for information specific to your school.