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Municipal Equipment Finance
More and more municipalities are using equipment leasing as a tool to acquire equipment. Municipal Lease transactions can be provided for states and their political subdivisions such as counties and cities. Departments or agencies such as state universities, fire and police departments, school districts, sanitation, hospitals, special districts and other public entities funded by state or local taxes are also eligible.
Due to budgetary shortfalls, leasing is becoming a standard way for cities, counties, states, schools and other municipal entities to get the equipment they need today without spending their entire annual budget to acquire it. Municipalities also look at leasing when the equipment purchase is too small to justify a bond issue, to purchase equipment that’s useful life doesn't justify long term financing, or to purchase equipment when they cannot fund the purchase due to timing or debt limitations.
To apply, simply fill out the one-page application and fax it to our office.
Select the button below to download a Municipal Lease Credit Application:
