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


  • 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 up front if they meet this requirement in order to take advantage of this Municipal Lease program.


  • Special Municipal Credit Application
  • $20,000 – $75,000 – Completed Municipal Credit Application
  • $75,000 and above – Completed Municipal Credit Application
  • 2 years Audited Financials
  • Copy of current year’s budget


  • 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