In partnership with Hillsdale College, Cincinnati Classical Academy is bringing tuition-free, K-12 classical liberal arts education to the greater Cincinnati area. They will be opening in Fall 2022 with grades K-6 and adding a grade each year until K-12 is served.
The bridge loan proceeds will be used to cover general operations of the school.
The loan will be repaid with funding from the State of Ohio plus federal and community grants and donations.
Cincinnati Classical Academy (CCA) is a new public charter school coming to the Cincinnati Ohio area in the fall of 2022. This is a free public school for students. The school has already hired an administrative team and hired 90% of its teaching staff. Although school starts in August, Ohio state funding is not distributed to charter schools until October. Fortunately, CCA has obtained some grants and donations; this interim loan will help bridge that initial funding gap and ensure strong programming and healthy cash flow.
