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Baystone In the News

 

 Supply Chain Tangled? A VPA Can Help

If challenges are what make life interesting, then 2021 was off the charts because there were some real doozies this year, including rising inflation and pandemic-related snarls in supply chains worldwide.

While certainly we’ve seen supply-chain issues before in specific industries where there is high demand for a product, we have not seen them under these circumstances or across so many industries and products like what’s happening now.

These are, in fact, unprecedented times.

Here at Baystone Government Finance, the municipal financing division of KS StateBank, we’ve had a number of fundings delayed by supply-chain shortages for everything from computer equipment to dump trucks.

But here’s a solution for our valued customers in the public finance marketplace: Vendor Payable Accounts (VPAs). In a nutshell, these are escrow accounts with limited paperwork and a locked-in interest rate. And they’re a prime example of how we will work to tailor a financial program to fit your individual needs and requirements.

As the crisis rolls on, Baystone Government Finance remains committed to helping government and non-profit entities finance much-needed equipment, infrastructure improvements and facilities so they may continue to grow and serve their community. With a VPA, we will place funds in an escrow account, mitigating the interest-raterisk to the customer. VPAs provide a way to move forward and fund a lease even though the equipment delivery, for example, may be delayed for months or even longer.

 

Our customers appreciate this option during a period of uncertainty and disruption in the supply chain not only here in the U.S. but around the globe.

To find out more about how a VPA can work for you, please contact me at 913-748-4628 or dburr@ksstate.bank

 

 

 

Monitor Daily: February 9, 2021: Baystone Government Finance Sets Company Record for New Business Volume in 2020

Baystone Government Finance has a record setting year of growth in 2020. The COVID-19 pandemic created new and unforeseen equipment challenges but Baystone was able to fill that demand.

 

 

   

Monitor Daily: 2020 Diversity, Equity & Inclusion Edition Top Women in Equipment Finance

The Monitor Daily has selected our Vice President, Linda J. Tiers as Monitor’s Top Women in Equipment Finance. Over the past three-decades, Linda has been an influential leader at Baystone and in the municipal industry. This distinguished honor is well deserved! Congratulations Linda!

 

 

Equipment Leasing & Finance MagazineNov/Dec, 2020  

Deal or No Deal? Balancing demand for tax-exempt leases with concerns about non-appropriation

By: Assistant VP, Brad Buhrow

While tax-exempt leasing offers benefits for state and local governments in any economy, some municipalities are turning to it for cost savings during the pandemic. School technology for distance learning has been particularly strong driver of recent demand.

 

 

Monitor DailyJune 25, 2020  Baystone Government Finance Provides FDNY $3.35MM in Emergency Financing

By: Baystone Assistant Vice Presidents, Christina Ummel and Bradley Buhrow

Baystone Government Finance provided $3.35 million in financing for the City of New York. The funds will be used to pay for 19 ambulances pressed into service at the height of the city’s response to the COVID-19 pandemic. Working closely with Baystone, Republic First National submitted the bid for the financing.

 

 

 Equipement Finance Advisor News Post

Equipment Finance Advisor: April 20, 2020  In the Coronavirus Era, "Think Local" for New Captive Finance Channels

By: Baystone Assistant Vice President, Bradley Buhrow

Despite tough times, businesses must always look ahead to explore strategies for moving forward. One way for captive finance companies to do this is to "think local" - offering municipal equipment finance to states and local governments. 

 

 

Monitor Daily March/April 2020 Edition: Morphing the Model: From Broker to Funding Source

In an interview with Monitor our Director, Evan Howe, shares the story of transforming from a broker to a bank affiliate and shares advice for other independents with M&A aspirations. 

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