The Catapult Fund
addresses these challenges head-on by offering:
Tailored Financing Solutions
The fund offers customized loan products for pre-development, construction, renovations, and working capital.
Lower Interest Rates
Interest rates offered through the Catapult Fund are significantly below those of comparable offerings, providing schools with substantial cost savings.
Focus on Equity and Impact
Catapult Fund loans will prioritize single-site schools with a student population where more than 65% qualify for free and reduced-price lunch.
Products Offered by the Fund
Product
Avg. Size (Max)
Avg. Term (Max)
Bridge / Pre-Dev
$750K
$3M
12 mos.
24 mos.
Working Capital
$250K
$750K
12 mos.
36 mos.
Tenant Improvement
$1M
$3M
36 mos.
60 mos.
Term Loans
$2M
$3M
36 mos.
60 mos.
Catapult Fund
22Beacon (Formerly CSDC) and the Equitable Facilities Fund (EFF) are proud to announce the launch of the Catapult Fund, a groundbreaking new loan fund designed to offer flexible, affordable financing to high-impact public charter schools traditionally underserved by conventional lenders. This initiative builds upon 22Beacon's long-standing commitment to supporting the growth of new and early-stage charter schools, expanding access to essential resources that allow these schools to thrive. By leveraging the expertise of both organizations, the Catapult Fund helps break down financial barriers, with a special focus on schools serving economically disadvantaged students.
For years, 22Beacon has championed the development of schools that are just beginning their journey, ensuring they have the foundational support needed to succeed. The Catapult Fund continues that mission by addressing the ongoing challenges charter schools face in securing the funding necessary for growth and sustainability.
