HELP Program

Hoosier Equipment Lease Purchase (HELP) Program

Testimonials

  • “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.”

    Steve Snider, CFO at DeKalb County Central United School District

  • “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.”

    Thomas Dippel, City of Huntingburg

  • “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.”

    Rebecca Miller, City of Mishawaka

  • "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!"

    Maribeth Alspach, Town of New Whiteland

  • “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!”

    Shawn Gerkin, City of North Vernon

  • "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."

    Susan Dillman, Clerk Treasurer, Town of Centerville

  • "Through the HELP program we obtained an equipment lease-purchase in a competitive environment without us having to do all the legwork."

    Jay Staley, Clark-Pleasant Community Schools

  • "People expect good service but few are willing to give it. The Indiana Bond Bank's HELP Program exceeded our expectations."

    Amy Milner, South Henry School Corporation

Program Background

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.

 

Program Benefits

Flexible Lease Structures

We provide lease standard terms through an easy one page application.

Eliminates Bidding

Eliminates the need to bid the financing (IC 5-1.5-8-3 C)). Entities still must follow State law for equipment procurement.

Connect with a Statewide Network of Lenders

Indicative rates are available upon request.

Types of Equipment

  • VEHICLES

    • Police Cars
    • Fire Trucks
    • Ambulances
    • Garbage Trucks
    • Pickup Trucks
    • Tandem Trucks
    • School Buses

  • VARIOUS OTHER EQUIPMENT

    • Voting Equipment
    • Road Graders/Other Highway Equipment
    • Radio and Communications Equipment
    • Computer Systems
    • Sewer Vacs
    • One-to-One Technology
    • School Equipment

Rate Buy Down Program

16 CLOSINGS

The First 16 Closings of the Program in FY2020

$104,524.23

Total QE Savings

$6,532.76

Average Savings Per QE

50.49

Average Basis Points Saved

$6,285.183.07

Total Lease Amount

5.9 YEARS

Total QE Savings

The Process

  • Submit Application

    Online Application
    HELP Program Application (PDF)
    HELP Program Application (Word)

  • Competitive Terms

    The Bond Bank will assist by placing the lease with the HELP Provider that provides the lowest cost of financing.

  • Lease Application

    The Bond Bank will assist you through the process of leasing the equipment.

  • Closing

    At closing, the HELP Provider will send the documentation for the lease. All payments will be processed by the provider (i.e. banks).

Not quite ready to submit an application?  Fill out a commitment-free equipment inquiry below!

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.

Online Application