Municipalities and local governments are faced with ever tightening budgets and growing needs. Woodford State Bank can help you with alternative solutions for financing projects of all sizes. The more widely known financeable examples would be things like fire trucks, squad cars, and office equipment. However, energy retrofits, real estate fixtures and even software can also be considered for leasing.
Working with a locally owned community bank allows you to work with the same manufacturers you’ve developed relationships with and still get the benefits of leasing helping your overall budget.
Some of the benefits of our municipal leases include:
- Low cost of issue
- Competitive cost of funds
- Not considered debt
- No voter approval required
- More flexibility
You may also want to look at our business loan options.