State, County, City Governments, Towns,
Villages, Boroughs & Special Districts
All Departments & Agencies
specialized, tax-advantaged type of financing that allows government
entities to acquire almost any kind of new or used, essential-use
equipment, real estate, hardware, vehicles or software. From energy management to
fire apparatus, police cars to modular classrooms and everything in
between! These are lease-to-own
programs with no residual and no end-of-lease buyout. Title
passes at delivery, not at lease end.
"Do more, with less™"
using municipal leasing.
Its all about maximizing the buying power of the budget dollars you
have now, for what you need today and tomorrow. And
Which government entities qualify for a
The word municipal may
be a bit of a misnomer...as all of the programs described here are
State, County & Municipal governments and their agencies:
Law Enforcement, Public Safety, Fire, Rescue, EMS, Water &
School Districts, Community Colleges, State
Universities & Hospitals
Multiply current appropriation by 4-5 times!
the financial leverage that allows government agencies to
multiply the purchasing power of their
by a factor of 4-5 times!
What an agency has appropriated this year and anticipates in
following years, can often allow them put 4-5 times that amount of
new equipment into service today, to meet current needs.
What You Need...When You Need It!
Two new school buses or police cars acquired with cash this
small fleet of 8-10 new vehicles, with the same
spread over the
next 5 annual budget years?
does it work?
Nuts & Bolts
Our municipal leasing
programs allow governments to
"Pay As You Go," as funds are
appropriated, year-by-year. Level, easy-to-budget,
guaranteed-in-advance payments. Rates are locked in for the entire
written, no-obligation, Municipal Lease
Quick Quote™ any time!
Municipal leasing is often the
lowest cost financing option.
municipal leasing rates are almost always lower
than any comparable commercial borrowing. Here's why: Tax
exempt municipal leasing is more aggressively priced because the
interest income to the funding source (First Capital, its banks and
investors) is exempt from certain Federal
income taxes. Our cost of funds starts lower and the government
entities cost of funds is lower too!
leasing is faster, less expensive and easier.
bond financing or conventional financing, municipal leasing is a very
streamlined process that provides access to the most aggressive rates
available. From as small as $5,000 to $20 million and more!
Ap™" to $100,000. Next day approvals.
Statement under $100,000.
No "Opinion of
Counsel" required for leases under $100,000.
language included on all leases wherever required by law.
prompt, written, no-obligation,
Quick Quote™ any time!
We do not
require voter referendums or approval
leases do not create balance-sheet debt.
No cash down, No
payoff, No usage restrictions - none!
Totally Flexible Payment Terms
tell us what YOU need!
offers a range extremely flexible payment terms (monthly, quarterly
or annual payments in advance or arrears, even deferred and step
up/down) designed to fit any agency’s budget process. Terms to 5
years on most equipment...6, 7 and up to 15years on heavy equipment and fire
Wait for a grant...or use
our municipal lease
Grants can be
a tempting route, but the process itself can be convoluted and
tedious, more importantly the outcome and timing are almost always
conserves cash allowing use of the equipment to be matched against
to tax revenue over those periods.
A "pay as
you go" model, that most government planners find is a "perfect
budget fit." First Capital's municipal leases can be pre-paid
at any time. The government entity may to continue to pursue
any potential grant opportunities knowing that that essential
new equipment is going into service now, and that should grant funds
(or bond proceeds for that matter) become available, proceeds can be
used to pay off part or all of the remaining lease balance without penalty.
federal, state & municipal leasing programs have
language built in,
automatically for any state that requires them. In the event funds are not available for any legal
reason, the equipment is returned to First Capital and the lease can
be terminated. Even Federal, “Termination for Convenience” language
can be accommodated.
IMPORTANT NOTE: First Capital
Equipment Leasing Corp. ("FCELC") acts for its own account
only. FCELC does not act as a municipal advisor, municipal
financial consultant, fiduciary or agent to any person or entity
pursuant to Section 15B of the Securities Exchange Act of 1934 and the
municipal advisor rules of the SEC. FCELC is not recommending
that you take an action with respect to the information contained on
this page or this website. You should review and discuss anything
presented herein with such independent financial, tax, legal and other
advisors as you deem appropriate.
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No Obligation, Of Course!