Municipal Equipment Leasing
and Financing
Using First Star Capital for leasing municipal equipment is an excellent choice. An equipment lease is typically the best financing tool for budget compliance. Over the years First Star Capital has become an established national leader for municipal equipment financing and equipment leasing for all types of municipalities.
First Star Capital has designed a special program specifically for municipalities and political subdivisions. We will offer "application only" approvals up to $200,000 for any "essential use" equipment for any tax-exempt municipality. Typically the interest rates are 30% - 40% lower than what a private business would qualify for.
This program is available to most entities (bank qualified & non-bank qualified) that issue tax exempt debt (bonds and leases) during the calendar year not to exceed $10 million. Typical candidates for this program are municipalities and political subdivision entities including but not limited to:
- States
- Cities
- Police Departments
- Water Departments
- Parks Districts
- Counties
- Fire Departments
- School Districts
- Universities
- County & City Hospitals
Please Note: It is quite common for us to finance municipal equipment together with traditional office equipment such as computers, software, phone systems, furniture and vehicles. Our municipal equipment finance offerings are broad in scope and comprehensive in nature.
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