The Hoosier Equipment Lease Purchase (HELP) Program was established to assist communities in acquiring essential items of equipment through a standardized and streamlined lease-purchase process. Since 1991, the HELP Program has assisted over 200 communities in obtaining various items of equipment worth over $220 million combined.
The following equipment has been leased through the HELP Program:
We provide lease standard terms through an easy one page application.
Eliminates the need to bid the financing (IC 5-1.5-8-3 C)). Entities still must follow State law for equipment procurement.
The Bond Bank will assist by placing the lease with the HELP Provider that provides the lowest cost of financing.
The Bond Bank will assist you through the process of leasing the equipment.
At closing, the HELP Provider will send the documentation for the lease. All payments will be processed by the provider (i.e. banks).
Applications may be submitted at any time. All applications require review from the Indiana Bond Bank and credit approval from the Bond Bank finance provider.