New Loan Closing: Acceleration Day and Evening Academy
A high-quality education for Alabama youth
$1.6 million participation in a $5.2 million facility loan
Acceleration Day and Evening Academy (ACCEL), Alabama’s first tuition-free public charter school, serves high school students in grades 9-12 from Mobile, Baldwin, and Washington Counties. ACCEL provides flexible, accelerated academics and critical wraparound supports to Mobile area students who are at risk of dropping out or have already dropped out of high school. Due to high demand for its programs, ACCEL requested and was granted a modification to its original charter that allowed it to add grades 6-8. This loan will allow ACCEL to expand into a nearby facility – and serve an additional 200 students who might not otherwise have access to a high-quality education.
Partners: BlueHub Capital, HOPE Credit Union
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