State, County, City Governments, Towns,
Villages & Boroughs
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 &
Port Authorities, 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
current appropriations 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?
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, that do not float.
► Get a
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 Federal
income tax. 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. Same day approvals.
No "Opinion of
Counsel" required for leases under $50,000.
language included on all leases
► Get a
prompt, written, no-obligation,
Quick Quote™ any time!
No voter approval
leases do not create balance-sheet "debt."
PAYMENTS required on our municipal leases.
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. 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.
Get Prompt, Written
Lease Quick Quote Now!
Any Configuration, Any
No Obligation, Of Course!