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Who Qualifies?
Schools - All levels including Trade Schools, City and Town Governments, County Governments, Police, Highway & Fire Departments, Water and Sanitation Districts, Hospitals, Port Authorities, State and Federal Governments and other qualified authorities.

The Problem:
For many years, expenditures by state and local governments have outpaced those of all other sectors of the American economy. Given the continued public demand for more governmental goods and services there is heavy pressure for this trend to continue. But, while the public demands that the government provide more, it often expects government to spend less. Therefore, in mediating these conflicting public demands, state and local money managers must find new ways to stretch available tax dollars in order to acquire needed equipment without increased spending.

The Solution:
Tax exempt leasing has become increasingly recognized by states, local governments and their agencies as an important financial tool for more efficient cash management. It combines the flexibility of traditional lease financing with the equity benefits of purchasing. The municipal lessee, in effect - acquires equipment on an installment purchase plan, yet remains within appropriate debt limitations. But more importantly, since the interest dollars paid by the municipal lessee's are exempt from federal tax, the interest rates can be very competitive and attractive.

Equipment Cost and Terms:
Municipalities can finance equipment from $4,000 to no upper limit through NLFC. Terms, depending on cost and credit criteria, can be up to 7 years or longer. Repayment can be monthly, quarterly, semi-annually, or most popular - annually at your election. A brief application gets the process rolling and can be submitted on line, via telephone, fax or printed and mailed.

OTHER BENEFITS:

• IMMEDIATE SAVINGS - Acquire needed equipment NOW and take advantage of today's process for immediate and future savings.

• FIXED RATE - The starting rate is the ending rate.

• MINIMUM DOWN PAYMENT - usually, only the first payment is required to initiate the agreement.

• CONSERVE CAPITAL - The lower lease-purchase yearly expenditures results in a stronger budget cash flow position, in turn freeing up needed funds for other requirements.

• Equity and Ownership -Through lease purchasing you build up equity just as if you, and not NLFC, had purchased the equipment. At the end or prepayment of the agreement, you can own the equipment for only $1.00 (one dollar).

• Expands Product Selection - With NLFC's lease program, the municipal lessee may gain purchasing power by working with more competitive vendors as our financial resources are offered to all manufacturer's and vendors.

• Overcomes Obsolescence - Lease purchasing allows obsolete, inefficient or non-productive equipment replacement as needed.

• Warranties / Guarantees - The municipal lessee receives the same warranty and guarantee benefits as on a direct purchase. 

• Reduces Municipal Entity's Debt Picture - Since only one fiscal periods' payment(s) are recorded as an encumbrance, the obligation may be treated as a true lease for balance sheet purposes.

How IT Works: