Navigator Schools AgendaPacket Governance Committee Meeting 2026-05-21
Navigator Schools Secures $3M CSGF Term Loan
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Description
Navigator Schools has entered into a $3 million subordinated loan agreement with Charter Fund, Inc. d/b/a Charter School Growth Fund, featuring a five-year repayment schedule at 1% interest to support charter school growth. The Governance Committee will review and consider approval of this CSGF Loan Agreement at the May 21, 2026 meeting.
Contract Details
Contract Amount
$3,000,000
Vendor
CHARTER FUND INC DBA CHARTER SCHOOL GROWTH FUND
Agency
Hollister Prep District, CA
Contract Type
FINANCIAL_SERVICES
Document Date
May 21, 2026
Contract Term
Closing on or around May 15, 2026 with 5-year repayment at $600,000 per year and 1% interest
Renewal Date
2031-05-15
Renewal Info
Loan carries a fixed five-year amortization with no stated renewal or extension options; early termination or acceleration may occur upon default per the loan agreement terms.
More from CHARTER FUND INC DBA CHARTER SCHOOL GROWTH FUND
Related Contracts
Navigator Schools AgendaPacket Governance Committee Meeting 2026-05-21
AWARDEDCharter Fund, Inc. Subordinated Loan Agreement 2026-05-11
APPROVEDCharter Fund, Inc. Grant Agreement Navigator Schools 2026-05-08
AWARDEDyuba-river-charter-school-grant-agreement-with-charter-fund_2fa.pdf
AWARDEDMore from Hollister Prep District
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Navigator Schools AgendaPacket Governance Committee Meeting 2026-05-21
Navigator Schools Governance Committee Meeting Agenda 2026-05-21
Navigator Schools Governance Committee Meeting Agenda 2026-05-21
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