Lease Finance Group has been offering a low cost and uncomplicated
way for state and local
governments, their agencies, and other political subdivisions/taxing
districts to finance equipment and capital projects since 1985.
Public entities are turning to qualified tax-exempt lease purchase
financing because it enables them to acquire the equipment they
need without resorting to complex and time consuming revenue
raising procedures.
Tax-exempt lease purchase financing is a proven, cost-effective
alternative to debt financing. It can also be offered to
a unqualified organization, such as a not-for-profit local
hospital, affiliated with a qualified public entity via a conduit
tax-exempt lease purchase finance program.
Consider the benefits of the Lease Finance Group approach:
Cost-effective ~
Lease purchase financing may be provided
at low tax-exempt rates to schools and governmental
entities.
Current expenditure~
In most circumstances, qualified
tax-exempt lease purchase
financing does not constitute indebtedness of the Lessee
for state law purposes and is
considered a current expense.
Minimal costs~
Tax-exempt lease purchase financing
is often less expensive when compared to the aggregate
cost inclusive of issuance fees involved with bonding.
Equitable ~
Lease purchase financing allows the public entity
to spread its acquisition costs over several fiscal years.
It is provided under terms that correspond with the economic
useful life of the asset. Therefore, you will not be paying
debt service on an asset that is no longer in use.
Total solution financing~
Tax-exempt lease purchase
financing offers 100 percent financing and is typically
more flexible with respect to payment structure than
traditional bond financing.
Conserves working capital~
Effective government demands
state of the art
technology and equipment. Lease financing at low tax-exempt
rates enables the acquisition of needed technology
and equipment without onerous demands on your user fees and
financial resources.
Versatile ~
In many instances, lease financing can
be used for capital projects, or even as a source of
working capital by funding existing debt and/or other
leases.
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