Commercial Equipment
Commercial & Municipal
Financing & Leasing
Commercial Equipment
Financing & Leasing
Let EquipLease Financing help you lighten your load. Whether it's an
equipment upgrade
or a
focus on profitability, find out how
EquipLease can assist you in being more efficient and profitable.
Equipment
New or used from $10,000 to $20 Million.
No age restrictions on the equipment.
Contract Financing
Funds advanced to you from a contract that your company has been awarded.
Accounts Receivable Financing
Funds advanced to you within 24 hours on invoices that you issue.
Receive up to 90% of the amount of your invoice.
Municipal Equipment
Financing & Leasing
Bill Mapes and his associates have
over 40 years of experience dealing with the complex environment of equipment financing and leasing. While so many municipal entities, not-for-profit organizations and tribal councils are struggling with their budgets, we offer an immediate solution with multi-year lease purchase options enabling you to acquire vital equipment now and then make installments over a period of years!
School Districts
Equipment leasing and financing for school districts.
Government Agencies
Equipment leasing and financing for schools, towns, cities, counties or states.
The Advantages for Government Agencies
- Flexibility in Lease terms – monthly, quarterly, semi-annual and annual payments.
- Minimal down payment on 2 - 7 year terms.
- Non-Appropriation Clause – this specifies that the lease may be terminated in the event funds are not available in subsequent fiscal years.
- 100% of the equipment cost can be financed/leased as well as training and maintenance.
- Vendors – you may use multiple vendors to furnish equipment under a single lease agreement.
- No Bonds needed – skip the lengthy and expensive process of issuing bonds.
Because the acquisition costs are spread over multiple fiscal years, a municipal lease removes the budgetary constraints, permits the immediate purchase of needed equipment, allows an upgrade of the equipment and provides the ability to obtain additional units.
Leasing vs. Bond Issues
- Voter approval is not needed. Funding comes from annual operating budget.
- Proves effective for terms under 7 years and less than $10 million.
- Lease documentation is more simple and the process moves faster.
- No additional fees
or reporting requirements.
Characteristics of Bond Issues
- Need voter approval – risk loss of referendum with cost of election and advertising.
- Issuance cost will be high and measurably affects true borrowing rates.
- Appropriate for large issues and long terms to lock in low rates.
- Bond issuance process is slow, consumes staff time and incurs hidden expenses and overhead costs.
- Costs continue after bonds are sold – trustee fees, compliance reports, footnote disclosure and added audit fees, periodic rating agency reviews and fees.
- Restricts future bond issues because of covenant constraints.
- Will have call provisions with prepayment penalties after a period of time.
- Bond issues may not exactly match capital needs. Excess bond proceeds may end up in general fund and earn less than the borrowing rate or general funds will be used to make up balance of cash needed.
- Commits the government entity to fixed payments regardless of local economy cycles.
- Bond term may exceed life of the equipment.
Need Help?
Frequently Asked Questions
Contact Us To Start Now!
We’d love to hear from you. Call us at 888-669-1070 or send a message using the form below and we’ll get back to you as soon as we can.
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Why EquipLease Financing?
Bill Mapes and his associates have over 40 years of experience dealing with the complex environment of equipment financing and leasing. While so many Agricultural, Commercial and Municipal entities are struggling with their budgets, we offer an immediate solution with multi-year financing and lease purchase options that enable you to acquire vital equipment with little to no down payment!