Enhance Bond Financing with Leasing
When financing campus projects, it is crucial for campus leaders to evaluate a variety of strategic solutions to help reduce costs and save time. Leveraging the most effective financial solution allows schools to complete critical projects that need to be done today within budget constraints. While many schools utilize bond financing for long-term projects, equipment financing can be a compelling solution to complement bonds for short-term projects.
Equipment financing is intended for assets with a useful life of 7 to 10 years such as technology, fitness, lab, medical and networking equipment. Schools can strategically fund equipment with a lease that is closely aligned with the useful life and with the same low—if not lower—all-in rates as the bond market. In addition, leases are only collateralized by the equipment being financed so projects do not come with blanket liens or debt covenants that restrict a school's budget flexibility. Each project can be customized for term length and structure with a lead time measured in days, not months or years, which is typical for bond financing.
Learn more about the benefits of equipment financing and see how we have helped schools address their budget constraints. We’d be happy to hear your needs and put together a similar analysis for your institution.