Among the most ubiquitous and moving emblems of education in the United States is a school building: the little red schoolhouse. But the days of the simple clapboard shack nestled away in a hillock are gone, and for good reason. Research shows that clean, brightly lit, safe and efficient facilities are critical to providing--quite literally-- the foundation for a high quality education. But such facilities demand significant upfront costs, whether you’re improving a leased space, making an addition to an existing building, or starting fresh from the ground up. NFF provides loans for:
NFF is distinct from many of its peer institutions in recognizing that it isn’t just buildings that need significant infusions of capital. We know that the key to maintaining a healthy balance sheet is having enough working capital on hand to cover all expenses. With the cycle of the school year, the demands of growing to meet the needs of a wider population of students and the dependence on government contracts and other receivables, managing to the balance sheet can be tough without working capital on hand. To that end, NFF offers loans to schools and other education-oriented organizations for:
There’s more to a school facility than just walls and a roof. You need desks, chairs, computers, playground equipment, and, of course, all the necessary machinery to keep your staff productive and your school safe, well-ventilated and warm. NFF provides loans to schools for all kinds of capital improvements like:
And once you’ve purchased your equipment, NFF can help you make sure you’re adequately prepared to maintain it over its usable lifespan with a Systems Replacement Plan (SRP). Mandated for charter schools in some states, an SRP is an assessment of existing resources and a plan for maintaining them over the long haul. Review our loan products and talk to an intake specialist when you’re ready to invest in your facilities and plan for their future.
As a certified Community Development Financial Institution (CDFI), NFF has been allocated millions of dollars in tax credits to attract private investors to school and other projects. Our growing network of investors, foundations and banks is your resource for funding new construction and building rehabilitation. We can help structure a loan using tax credit offsets that will make your project a desirable investment for a large pool of investors. Find out more about our NMTC work here and find out if your school project might qualify.
NFF works to create a strong, well-capitalized and durable nonprofit sector that connects money to mission effectively, supporting the highest aspirations and most generous impulses of people and communities.
Nonprofit Finance Fund® is a nonprofit 501(c)(3) Community Development Financial Institution (CDFI). © 2012 Nonprofit Finance Fund. All Rights Reserved