At Baystone Financial Group, we specialize in lease purchase financing (LPF) , allowing municipalities to efficiently purchase vital equipment with no large, up-front cash payments.

Lease purchase financing allows municipalities to purchase property and equipment through installment lease payments, which can be made monthly, quarterly, semi-annually, or annually. As payments are made, the municipality— which maintains ownership of the equipment — builds equity in its investment.

For municipalities, LPF is a year-to-year commitment to make lease payments, not a commitment to pay debt. Because LPF contains a non-appropriation or “funding-out clause,” in most states, no voter approval is necessary to enter into the agreement.

For purchases up to $500,000, you can take advantage of our Simple Funding Program for quick and easy credit approval. You can make finance requests by phone, fax, e-mail, or our website — whatever is most convenient for you.

 

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