Leasing for state & local municipalities.
States, cities, counties, school districts, fire departments, police departments, and special districts all need equipment — and rarely have the budget to pay cash. Tax-exempt lease-purchase financing lets your agency acquire what it needs today and spread the cost across budget years, without the time and expense of a bond issue.
How lease-purchase works.
Scope it
Tell us what your agency needs and the budget it has to work with. We come back with a quote at a tax-exempt rate.
Approve it
Board-friendly documentation with non-appropriation language that respects your budget cycle. No bond issue, no referendum.
Acquire it
We fund the vendor and your payments spread across budget years. A $1 buyout at the end means your agency owns the equipment.
State & Local Municipalities equipment we fund.
Answers before you apply.
What is tax-exempt lease-purchase financing?
A financing structure for government entities where the interest is tax-exempt to the lender, which translates to lower rates for your agency. At the end, a $1 buyout means you own the equipment.
Do we need a bond issue or voter referendum?
No. Lease-purchase financing avoids the time and expense of a bond issue, and no referendum is required.
What happens if next year's budget isn't appropriated?
Agreements include non-appropriation language that respects your budget cycle — a standard protection for public agencies.
Unsure about your options?
Schedule a free call with one of our funding experts. We’ll talk through your deal, answer your questions, and lay out exactly what fits — no obligation, no pressure.