SCHOOL, MUNICIPAL, and COUNTY
EQUIPMENT LEASING and PROJECT FINANCING

• No down payment or security deposit is required.
• Maximum flexibility in lease terms. Payments in advance or arrears.
• Length of term established to meet your budget.
• Lease contracts meet the legal requirements of most jurisdictions.
• Early buy out schedule is included as part of the least contract.
• Non-appropriation clause always included in the lease agreement.
• Fast quote response. Rates can be provided within twenty four hours.
• Establish a Master Lease. (Multiple vendors can furnish equipment under a single lease agreement)
• Finance equipment as low as $5,000.

Any government entity possessing one of three characteristics is elegible for Project Financing and Equipment Leasing:

•     Power of Eminent Domain
•     Taxing Authority
•     Police Powers

Therefore, agencies of states, cities and counties such as fire departments,  police departments, schools, public works, courts, prisons, highway & roads all qualify for the Municipal Lease Purchase Program.  Additionally, the lease must be a purchase plan, not a rental or "true" lease, and the lease term must terminate within the expected life of the equipment.  The municipality will own the equipment at the end of the term with a $1.00 buyout.

In most jurisdictions, the authority of a municipal administrator to enter into debt or obligation of future funds is severely limited.  For this reason, the Municipal Lease Purchase Program includes a Non-Appropriation clause which specifies that the lease may be terminated in the event funds are not available in subsequent fiscal years.  This allows funds to be used from the operating budget to purchase equipment through a lease purchase finance program without having to go through the lengthy and costly process of issuing bonds and getting voter approval.

We provide documents to satisfy the IRS rules and any other State requirements.  The whole process of receiving a Project Finance Quote, or an Equipment Lease Rate Quote, issuing documents, signature requirement on the Lease Purchase Agreement, and delivery of equipment, can happen within 30 DAYS!

Call us with your needs. We will provide a written quote on your project within 24 hours.

• You can download a One Page Application HERE.
• Want detail? Download an Overview of Government Finance HERE.
• You can download a Presentation on Tax Exempt Municipal Finance HERE.

USA Patriot Act - Customer Identification Notice-Privacy

Direct Line: 512.807.8159 Direct Fax: 888.547.7993
Email Address: info@smartfinanceoptions.com