Summit provides and assists in obtaining growth capital and facilities financing to charter schools nationwide. Contact us to find out how we can help your school succeed. Securing a permanent, affordable school facility is the number one obstacle to the growth of high-achieving charter schools. Here are some of the ways summit has assisted charter schools in obtaining facility financing and capital.

  • Tax Exempt Bond: Summit works directly with private bond funds to assist in underwriting and get schools pre-approved. We have also taken schools to the open bond market to ensure the most competitive bond rates.
  • Facility Lease to Stabilization: Summit can lease your facility to you for a period of time until the school is stabilized and able to obtain favorable permanent financing.
  • USDA Financing: Some schools will qualify for the Rural Development Community Facilities support program from the USDA.
  • New Market Tax Credits: The NMTC Program is available to stimulate private investment and economic growth in low-income communities. A federal tax credit of 39% is provided over seven years for private Qualified Equity Investments made through charter schools.
  • Community Bank Loan: Conventional bank loans with competitive interest rates.


We explore many options available for your school. Rates vary from 3.47% to 7.5%, equity and cash reserve requirements range from $0 to 20%. The following characteristics listed below can strengthen the availability and cost of capital, though not all are necessary to obtain financing:

Projected or Existing Enrollment size

Year of Incorporation of your Nonprofit

Currently Established, operating at 60% or higher enrollment to capacity

Currently Stabilized, operating at 80% or higher enrollment to capacity

Waitlist of 10% or more of capacity

Letters of Interest from at least 60% of projected enrollment

High Performing status

One or more existing schools under it’s board or ownership

Part of a network or charter group

Replicating school from an existing high performing school

School’s board comprised of business and community leaders

School’s board comprised of 50% or more non-parents of students in the school