Lumen Network announces the availability of financing for charter schools and districts to solve financing needs created by the deferrals. We understand that this amount is an initial commitment. The platform will provide enough funding to cover 100% of deferrals as well as additional working capital for other needs.
We’ve heard it said that it takes a village to do most things. Launching a new financing option for charters and districts is no different. This has truly been a team effort. We want to say thank you to Procopio, the group of six partner schools, and CSMC and their staff. This new option would not have been available without their support! As a thank you, CSMC schools will receive a 0.5% discount off the annual rate. Thank you!