News Story

At Charter Impact Fund (CIF), we’ve set out to transform the lending landscape by making it easier and less expensive for charter school leaders to access low-cost, long-term facility financing. Today, we are happy to announce the closing of our first loan to The Soulsville Charter School (TSCS) in Memphis, Tennessee!

About the School

• Established in 2005 as one of the first charters in Tennessee.
• Soulsville serves grades 6-12 and is fully enrolled with 645 students.
• The vast majority of students qualify as low income.
• TCSC has had tremendous impact on Memphis: with 100% college acceptance rate, TSCS is preparing students for success in college and in life.

About the CIF & Soulsville Parnership

• CIF provided TSCS with a 30-year, fixed rate loan to refinance the school’s permament facility.
• Our thorough approach to credit analysis coupled with our unwavering commitment to deliver value to schools **will save Soulsville 3 million **over the life of the loan. 

We are proud to partner with high impact charter schools like Soulsville and support critical work undertaken in South Memphis and cities across the country. Closing this loan brings us one step closer to the day when all students will have equitable access to quality schools and all schools have access to low-cost facility financing.

If you or someone you know may need low-cost, long-term, fixed rate financing for their charter school, please let us know.   

Sincerely, 

Anand Kesavan 
CEO, Charter Impact Fund