Enterprise Community Loan Fund

Service Providers: Nonprofit Lender
schools supported
$ 32,108,336
in financings

  • National

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

Enterprise Community Loan Fund, a national nonprofit loan fund, is a Treasury Department-certified Community Development Financial Institution (CDFI). It works with mission-aligned organizations to support low- and moderate-income families by: delivering innovative financial products; providing technical assistance; financing the acquisition, development, and preservation of quality affordable housing; and supporting communities by facilitating access to quality affordable health care, educational options, transportation, and healthy living environments. Enterprise Community Loan Fund provides financing services. Available products are detailed below:

 Terms (Years)
Acquisition loans2
Construction loans2
Mini-permanent loans7
Permanent loans25
Predevelopment loans2
Working capital1


Maximum financing for a single project$5,000,000
Maximum amortization (years)25


Financial Overview
U.S. Department of Education (ED) Credit Enhancement$0
New Markets Tax Credit (NMTC) allocation total$48,000,000
Community Development Financial Institutions Bond Guarantee Program (CDFI BGP) allocation total$50,000,000


Portfolio Statistics
Total historic financing1$32,108,336
Number of schools supported15
NMTC allocation employed for charter facilities$3,500,000
Number of schools supported with NMTC1
CDFI BGP allocation deployed for schools$6,000,000
Number of schools supported with CDFI BGP1
Remaining capacity in CDFI BGP allocation$37,500,000


Portfolio Performance
$ amount of financing repaid/refinanced2$12,677,928
NMTC matured/refinanced$28,218,292
Total number of transactions313
Original $ amount of defaults4$2,714,000
Number of defaults1
Default rate (% of total $ amount of financing)3.77%
Default rate (% of total number of financings)7.69%
$ amount write-offs$0
Number of write-offs0
Write-off rate (% of total $ amount of financing)N/A
Write-off rate (% of total number of financings)N/A



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: September 2017


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.