Complete the application below to begin the ISRF review process. All materials are reviewed by ISRF staff. You will receive a confirmation upon submission and can expect a response within 10 to 15 business days.
1
School Info
2
Enrollment & Revenue
3
Financials
4
Loan Request
5
Documents
Confidential. All information submitted through this application is held in strict confidence by ISRF and used solely for the purpose of evaluating your school's eligibility for the ISRF financing program.
School Information
Primary Contact
Enrollment
Total students currently enrolled
Enter as a number, e.g. 74 for 74%
School Choice / Scholarship Participation
Enter as a number, e.g. 18 for 18%
e.g. Step Up For Students, Family Empowerment Scholarship, AAA Scholarship
Foundation & Donor Support
Most Recent Fiscal Year. Enter figures from your most recently completed fiscal year. You will have the opportunity to upload audited financial statements in the next section.
Operating Summary
Enter a negative number for a deficit, e.g. -27000
Existing Debt
Enter as a decimal, e.g. 1.42 for 1.42x
Loan Request
Describe the proposed use of loan proceeds in detail
Loan Terms at a Glance
Loan Term
Up to 30 years, fixed rate
Minimum DSCR
1.10x maintenance covenant
Per-Project Maximum
$50,000,000
Eligible Borrowers
Nonprofit private schools, Florida
Rates and terms are subject to underwriting review and credit committee approval.
Required for review. All documents are reviewed by ISRF staff as part of our standard underwriting process. Items marked with * are required for your application to be considered complete. Accepted format: PDF.
Document Submissions
Audited Financial Statements *
3 most recent fiscal years
✓ Submitted for review
Form 990 *
Most recent 2 years
✓ Submitted for review
Current Year Operating Budget *
✓ Submitted for review
Existing Debt Schedule *
Lender, balance, rate, maturity, and security for each obligation
✓ Submitted for review
Enrollment Verification *
Current contract count and 3-year enrollment history
✓ Submitted for review
Articles of Incorporation and Bylaws *
✓ Submitted for review
IRS 501(c)(3) Determination Letter *
✓ Submitted for review
Current Accreditation Certificate *
✓ Submitted for review
Board of Directors Roster
Names, affiliations, and terms (optional but recommended)
✓ Submitted for review
Required documents submitted:0 / 8
✓
Application Submitted
Thank you for submitting your financing application to ISRF. You will receive a confirmation at the email address you provided. Our team will be in touch within 10 to 15 business days.
What Happens Next
1
You will receive an email confirmation from info@isrfund.org acknowledging receipt of your application.
2
ISRF staff will review your application and supporting documents.
3
If your school meets initial review criteria, we will contact you to schedule a call with our team.