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Key Charter Advisors, LLC (KCA) offers strategic financial consulting services as an Independent Registered Municipal Advisor (IRMA).

These range from facility and working capital financing advisory services, structural and expansion guidance for large and/or growing multi-charter networks, assistance with Employee Retention Credit (ERC) filings, and other legislative and logistical support.


Recent Projects Include:


  • Assisting multiple California charter schools in obtaining over $10 million in federal Employee Retention Credit tax credits (ongoing September 2023)

  • $23 million lease restructuring of existing bonds to allow for SB740 Facility Grant reimbursement without incurring higher interest rates via refinancing (closed April 2023)

  • $5 million 2023 Bonds for school energy project (closed April 2023)

  • $12 million school facility bridge loan for property acquisition (closed October 2022)


  • $26 million 2022 "Cinderella" convertible taxable bonds for refinancing of existing school facility bonds (closed June 2022)

  • $11 million 2022 Conduit Revenue Bonds for acquisition of two leased school facilities (closed April 2022)

  • $16 million 2022 Lease With Option To Purchase Agreement for charter school facility acquisition and renovation (closed February 2022)

  • $8,200,000 2021 Revenue Anticipation Notes for three charter schools (closed October 2021)

  • $22,565,000 in State Deferral Financing Program Revenue Anticipation Notes to cover 2021 LCFF state deferrals (closed March 2021)

  • $9,040,000 2021 Facility Bonds for acquisition of existing rented facility for charter school in San Diego County (closed March 2021)

  • $24,250,000 in short-term working capital using combination of Revenue Anticipation Notes, conduit loans, and direct placements for five charter schools to meet 2020 working capital needs (closed May-Sept 2020)

  • Assisted multiple California charter schools in obtaining over $39 million in federal Paycheck Protection Program loans (closed May 2020 - March 2021)

  • Prepared and coordinated five PCSGP startup grants with 100%  success ratio, generating over $2,000,000 for client


Our services are available to any nonprofit educational organizations nationwide, but our focus is California charter schools. If we can be of assistance, drop us a line!


Key Charter Advisors, LLC is a strategic consulting firm and Independent Registered Municipal Advisor located in Sacramento, California. We help charter schools navigate complex financial problems and allow them to realize their goals in the areas of growth, financial management, and facilities. Karl Yoder, our Managing Partner, has over 20 years of direct experience working with California charter schools.

Contact us at:

Key Charter Advisors, LLC

500 Capitol Mall, Suite 2350

Sacramento, CA 95814

(916) 284-1382

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