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Municipal Equipment
Leasing & Financing

We provide municipal equipment leasing & municipal equipment financing for state, county, city and most other municipal government agencies.

A Tax Exempt Municipal Lease Purchase Agreement enables municipalities to maximize its budget by spreading the cost of essential use equipment over the lease term.

In essence, a tax-exempt lease or municipal lease-purchase agreement is a form of an installment purchase agreement, conditional sale or lease with an option to purchase the equipment at the end of term for a nominal value, typically $1.

Who qualifies for Municipal Lease Financing:

State Governments
County Governments
City Governments
Towns & Townships
EMS Departments
Fire Departments
Police Departments
Sheriff Departments
Sewer Departments
Water Departments

Colleges & Universities

Correctional Facilities

Law Enforcement Agencies

Public School Districts

Public Hospitals

Health Care Facilities

Port Authorities

Transit Authorities

Governmental Agencies

Park & Rec Departments

Benefits of Municipal Equipment Leasing:

Non-Appropriation Clause: built into our lease agreement.
Finance Amounts: $50,000 to $20 Million.
Low Fixed Rates: tax-exempt interest rates.
No Public Debt Created: thus voter approval NOT required.
100% Financing: no down payment or security deposit required. Soft costs can be added to the lease agreement.
Lease Terms: 2-15 years & should match the expected useful life of the equipment.
Payment Options: monthly, quarterly, semi-annual or annual payments to meet budgetary needs (advance or arrears).
Improves Cash Flow: spread out the cost of the equipment over the useful life of the asset and tax revenue periods.
Fund Immediate Needs: compared to bond financing - leasing can be done in a few days without legal or underwriting fees.
Asset Ownership: build equity in the asset & maintain ownership during the lease and thereafter.
Pre-Pay Option: purchase the equipment outright anytime after the first year.
Amortization Schedule: principal & interest breakout provided.
No Hidden Costs/Fees: we DO NOT pay 'kick backs' to vendors.