At Baystone Financial Group, we specialize in lease purchase financing (LPF), allowing municipalities and nonprofit organizations to efficiently purchase vital equipment with no large, up-front cash payments. Lease purchase financing allows our clients 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 or nonprofit entity — 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.

 

Baystone knows a nonprofit organization faces different challenges than a municipality. The service they provide to their communities is very important but they often deal with smaller budgets and more unpredictable funding obstacles. Unlike many financing companies, we don’t expect nonprofit organizations to navigate the ins and outs of financing on their own. Even without formal financial statements, we can work with our clients to get the necessary information and close the deal.

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.

Together, we keep communities running.