Academia Avance > Los Angeles, CA
Making enrollment growth an asset to help expand student enrichment activities
RESULT:
400% increase in enrollment since inception in 2005
CLIENT:
Avance is a high performing college and life preparatory school in Northeast Los Angeles. In 2008 the school recorded an 89 point increase in its API. Their achievement continued in 2009, which catapulted Avance to the top API ranking over all traditional public middle and high schools in the region.
PROBLEM:
While other schools were increasing class sizes, and cutting staff and enrichment, Avance wanted to use the promise of state aid from enrollment growth to fund the special programs that make their educational offer so unique. They needed funding to help meet this goal.
SOLUTION:
Charter School Capital provided $2.4 million to cover state deferrals and growth since Avance opened its doors.
I learned a very tough lesson when I started my own school: everything is in flux. Development teams are constantly adjusting and financing options are limited. When we discovered Charter School Capital, they seemed too good to be true. But they have delivered on everything they promised. We now have a strong financial partner whom we trust. We could not have opened our doors without them. ”
Ricardo Mireles
Executive Director