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ALAMANCE CHARTER SCHOOL RECEIVES USDA LOAN REP. COBLE ANNOUNCES

A fast-growing charter school in Alamance County has received a multi-million dollar federal loan to grow even more, U.S. Rep. Howard Coble (R-NC) announced today. Congressman Coble said the U.S. Department of Agriculture (USDA) has approved a $2.250 million loan for Clover Garden School in Burlington.

Coble, who represents most of Alamance County in the House, said the USDA loan will come from rural development funds. "These federal dollars will be used to purchase the existing building that houses the school," Rep. Coble stated, "as well as allow the school to construct a second building. These rural development funds are an excellent example of a private-public partnership that works. Charter schools such as Clover Garden also give parents a choice when deciding how to educate their children."

"This loan has been a long-time in the making," said Faye McDaniel, Principal of Clover Garden School. "We are thankful that these funds will allow us to grow and meet our future goals of educating as many students as possible." McDaniel said there are approximately 360 students currently enrolled at Clover Garden in grades K-11. Next year, with grades K-12, Clover Garden could have as many as 450 students.

This USDA loan will be used to purchase an existing 20,000 square-foot building, as well as construct a new 20,000 square-foot building. The new building will house middle and high school students. There will be 17 classrooms in the new structure, along with offices, work rooms, and restrooms . The loan will also be used to purchase equipment and an emergency generator.

McDaniel said once the paperwork is completed, the new building could be completed in about six months. The USDA loan is a low-interest loan that must be repaid in 20 years. The lender will be The Fidelity Bank in Mebane. Clover Garden School is located on Altamahaw-Union Ridge Road in Burlington.

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