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State Aid Note Program (SAN)

State Aid Note Program (SAN)

2024 SAN documentation will be posted by May 1, 2024

The SAN is a streamlined loan program to finance short-term operational cash flow needs for traditional public schools. Michigan Finance Authority (MFA) facilitates the process by pooling the loans, soliciting bids and obtaining the highest possible short-term rating, resulting in competitive interest rates and typically lower costs of borrowing.



Michigan Finance Authority

Richard H. Austin Building, 1st Floor
430 W. Allegan
Lansing, MI 48922

Phone: 517-335-0994
Fax: 517-241-9509