Facilities decisions are among the most complex and high-stakes choices a school will face. Whether you are entering into a new lease, buying or renovating a building, or refinancing debt, these decisions have a lasting impact, determining a material portion of your operating budget for years to come. Read on for the steps every school leader should know.
Read MoreLenders want to know if you will pay them back. Whether you are considering traditional bank loans, taxable or tax-exempt bonds, or even special forms of financing created by state or federal government programs, the underlying question is the same. To find the answer, lenders look for assurances that your project and school will generate enough cash flow to service the debt (and that your school will stay open long enough to pay).
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