Internal loans are allocations of investable working capital to operations in exchange for commitments to repay/replenish it with future operational revenues. All internal loans have been funded from working capital designated as a Capital Reserve. All principal and interest payments on internal loans are credited to this Capital Reserve. There are three types of internal loans: auxiliary, campus, and central.
Auxiliary Loans: Auxiliary loans are internal loans that make working capital available to auxiliary units to finance university approved projects.
Campus Loans: Campus loans are internal loans that make working capital available to operating units to finance university approved projects.
Central Loans: Central loans are internal loans that make working capital funds available to finance projects of strategic importance to the university and to provide interim ‘bridge’ financing for projects whose ultimate funding will be received in the future from another source.