A tax exempt municipal lease purchase program.
Guidelines for Lease Equipment
Purchase essential equipment; fire trucks, police cars and maintenance equipment. Pricing based on assumption that transactions are exempt from federal income taxes, the type of project and creditworthiness of the municipality. Real estate leases require the nenefit of bond counsel.
Loan Features & Requirements
- Fully amortized terms of 1-7 years
- 20% down payment
- 3 years of audits
- Minutes for approval of purchase.