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Public School Programs
Public School Districts
State Aid Note Program (SAN)
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.
School Bond Qualification and Loan Program (SBQLP)
Local Government Loan Program (LGLP)
Provides competitive interest rates for 3 to 30 year loans. Typically, tax-exempt bonds or installment purchase contracts are issued under this program. All Michigan units of local government and public entities are eligible to apply.
Public School Academies
Public School Academy State Aid Note (PSA SAN)
Public School Academy Project Finance
Private/Non-Profit School Project Finance
Provides competitive interest rates for 3 to 30 year loans. Typically, tax-exempt bonds or installment purchase contracts are issued under this program.
Bureau of State and Authority Finance
Austin Building, 1st Floor
430 W. Allegan
Lansing, MI 48922