We offer a variety of custom financing packages to municipalities. Benefits of our Municipal Lease-Purchase packages include:
- Flexible repayment terms structured to fit your operating budget.
- Hybrid tax-exempt structure with features similar to both a loan and a lease.
- Like a loan: customer has title to asset during term and gains free & clear ownership of asset at end of term.
- Like a lease: financing is subject to annual renewal or termination.
- Legally not a “debt” from a constitutional perspective, because no multi-year obligation is created.
- Treated as a capital lease under GAAP.
Who is eligible?
- Local government and political subdivisions including:
- Cities and counties
- Public school districts
- State universities
- Fire protection districts
- Ambulance districts
- Public utility districts
- Various authorities
- Native American tribal governments
- 501(c)(3) organizations including:
- Charitable, religious & educational entities
- Not-for-profit hospitals
- Private schools
Contact us to find out how this can benefit your organization.