“I have used the HELP program twice now in the last 6 months and I am a BIG fan of how it speeds up the process, simplifies my life, all while obtaining the best quote from multiple sources in the state.”
“The financing of our new multi-purpose tractor/snow plow through the HELP Program went very smooth. We received quick and accurate responses to planning questions and ultimately a great rate.”
“We chose to lease police vehicles this year due to the larger than usual quantity needed. The Indiana Bond Bank’s HELP program was a simple process, we received an incredible interest rate, and it will aid in conserving our Public Safety LIT cash reserves. Due to the unforeseeable reduction in income tax in 2021 due to COVID-19 this will prove to be extremely beneficial.”
"The HELP program saved the Town of New Whiteland more than $20,000 in interest payments over the term of our loan. We had solicited quotes from several funding agencies but no one came close to what they offered. Their interest rates and customer service are outstanding!"
“The City of North Vernon has utilized the Indiana Bond Bank twice now to finance two large equipment purchases and have been very pleased with the results on both occasions! By taking advantage of the HELP program, not only was I able to save valuable time by being exempt from having to bid the financing, but did so while being confident I was securing a great rate for the city!”
"The Town of Centerville has utilized Indiana Bond Bank's HELP program many times. We have been pleased with the ease of application, quick turn around and overall awesomeness of the IBB team! I would highly recommend them for your communities needs. We have been able to fulfill our goals of fleet replacement/upkeep without the hassle of going out to bid for financing."
"Through the HELP program we obtained an equipment lease-purchase in a competitive environment without us having to do all the legwork."
"People expect good service but few are willing to give it. The Indiana Bond Bank's HELP Program exceeded our expectations."
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.
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.
Rate Buy Down Program
The First 16 Closings of the Program in FY2020
Total QE Savings
Average Savings Per QE
Average Basis Points Saved
Total Lease Amount
Total QE Savings
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.
To get started with the HELP Program, please complete an application.