How Charter School Capital Helped Minnesota School Thrive
With so many choices for where go to access financial resources for your school, it’s important to select the right one for you. At Charter School Capital, we believe in the power of charter schools and their leaders to deliver quality education to families across the country. And we’re proud to provide the reliability and stability charter leaders require as they walk their journey to better educate more students today—and in the future.
Please watch and listen as Eric Mahmoud Founder and former CEO of the Harvest Network and Best Academy in Minneapolis shares his experience working with Charter School Capital during some very difficult financial times for charter schools in Minnesota.
This video was originally published Jul 17, 2014. While we’re no longer funding Best Academy, we are proud of the way our support has helped them continue to serve their students. Because, when you no longer need Charter School Capital, that means we’ve done our job and your school has become financially stable, successful, and set up for future growth. To learn how other school’s have achieved success by partnering with us, check out our other success stories here and filter by the content type, “School Spotlights”.
Watch the short video to hear Eric’s story and find the transcript below. You can learn more about Charter School Capital here.
We started as a daycare in our home with about 10 children and then after seeing our children graduate from our preschool program and go into the public schools where they weren’t being challenged, we decided that we would expand our preschool program to elementary school, which we did in 1992.
We’ve taken a population that traditionally (both in Minneapolis and around the country) has not done well, and we’ve actually raised their achievement all the way up to the top. And, while at the same time we were growing our BEST academy program, the state was going through their own financial crisis.
And so we went from a 10 percent [state] hold back – maybe about five, six years ago – to subsequently 17 percent, 27 percent, then 30 percent. And last year, a 40 percent hold back. And for many schools it actually crippled them. And, actually, I thought it was very appalling.
The opportunity to talk with Charter School Capital came about and within a very short period of time, we were able to get the resources that we needed.
There was a whole lot of flexibility working with Charter School Capital in a number of situations when we thought that we were going to get a certain amount of revenue from the state and we didn’t.
Charter School Capital was very flexible and it’s been very easy working with Charter School Capital to fulfill the needs that we have as a school. Certainly, they helped us think about our overall financial picture. And so it was more than just writing us a check.
We had a very good relationship during the years that we’d been using charter school capital. I think it was a good business decision. And as a result of that business decision, we’ve been able to move our children where they need to be academically.
Are you looking into funding options for your charter school? Our team of dedicated professionals works with you to determine funding and facilities options based on your school’s needs. If you are trying to meet operational expenses, expand, acquire or renovate your school building, add an athletic department, enhance school safety/security, or buy new technology, complete the online application below and we’ll contact you to set up a meeting.
Since the company’s inception in 2006, Charter School Capital has been committed to the success of charter schools. We help schools access, leverage, and sustain the resources charter schools need to thrive, allowing them to focus on what matters most – educating students. Our depth of experience working with charter school leaders and our knowledge of how to address charter school financial and operational needs have allowed us to provide over $1.8 billion in support of 600 charter schools that have educated over 1,027,000 students across the country. For more information on how we can support your charter school, contact us. We’d love to work with you!
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