For additional details of the Municipal product and characteristics, please refer to the Municipal Advantages brochure

Qualifications:

• Entity must be considered a Municipality
• Not-for-profit entities are not eligible
• Lessee must be "bank qualified"' in order to qualifjr for the Municipal Program.
  Bank qualified is a common municipal term which means the Lessee will borrow
  less than $10 Million during their fiscal year that is deemed tax exempt. You will
  want to determine upfiont if they meet this requirement in order to take advantage of
  this Municipal Lease program.

Credit:

• Special Municipal Credit Application
• $15,000 - $75,000 - Completed Municipal Credit Application
• $75,000 and above - Completed Municipal Credit Application
  2 years Audited Financials
  Copy of current year's budget
  

General:

• Program is limited to these Flex Financing options:
  Seasonal Payments
  Annual in advance
  Semi-Annual in advance
  Quarterly Payments in advance
• Prefunding is NOT available
• Working Capital is NOT available
  
  
• Interim rents are NOT collected on Municipal transactions

Municipality Application Form