Chances are you’re familiar with a financial predicament common to most Michigan Charter Schools – your expenses don’t always coincide with your income flow. To assist in this process, Citizens First offers a one-of-a-kind loan product customized to your needs.

Money on your schedule

You know the story: State aid payments run from late October through August. Problem is, the school year runs from September to June. That means there’s a gap between your income stream and your expenses during the school year.

Ease Cash Flow Deficiencies

What to do? Apply for a short-term cash flow note from Citizens First. You’ll get the money you need to purchase supplies and pay utilities and salaries, along with the freedom to delay making payments until your state aid payments resume.

But that’s just the most common scenario. Fact is, Citizens First can customize a short-term note to meet your operating cash-flow needs at any time during the year.

How Cash-Flow Note Lending Works

• Short-term notes up to 12 months
• Get the money you need when you need it – not only when it is allocated to you
• Repayment schedule structured to coincide with your expected income
• Principle and interest payments suspend during periods of no state aid
• Low-rate, tax exempt financing
• Available to charter schools anywhere in Michigan – your proximity to a Citizens First office doesn’t matter

A Better Alternative

The state of Michigan also offers a cash-flow note program for charter schools. Unfortunately, it’s not specifically designed to suit your business need. With the Citizens First plan, you get a customized short-term lending program tailored to your specific needs.

For more information about our Loans for Charter Schools products, please email us or call us toll-free at 1-800-462-2786.