Indiana’s Trusted Equipment Financing Program Since 1991
Hoosier Equipment Lease Purchase Program
Simply and quickly access competitive essential equipment financing through the Hoosier Equipment Lease Purchase (HELP) program. Financing through HELP satisfies Indiana's legal requirement to bid the financing, while using a simple 1-page application to connect you to the most competitive rates offered through the IBB’s statewide network of lenders. Our new HELP “Rate Buy-Down Enhancement” now offers the opportunity for even greater savings.
What makes us different
- Submit a commitment-free application to the Indiana Bond Bank.
- The Indiana Bond Bank gathers required financial statements and sends application to a statewide-network of participating lenders.
- The Indiana Bond Bank compiles bids and sends you the lowest-cost bid.
- You notify us you are selecting the bid, and obtain local approval.
- You close directly with the selected financing provider. Funds are distributed to equipment vendor on pre-determined date.
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 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 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 financing of our new multi-purpose tractor/snow plow through the HELP Program went very smoothly. We received quick and accurate responses to planning questions and ultimately, a great rate.
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.
We have answers! If not covered here, please reach out.
What is the Hoosier Equipment Lease Purchase (HELP) Program?
The HELP Program is a lease financing option available to assist government entities with purchasing essential equipment.
What are the advantages of the HELP Program?
The HELP Program offers many advantages, including competitive interest rates, eliminates the need to bid the financing (IC 5-1.5-8-3(c)), a streamlined one-page application and flexible repayment schedules.
What kind of equipment can be financed through the HELP Program?
The Indiana Bond Bank (IBB) is able to finance essential equipment for an entity, such as police cars, fire trucks, snow plows, dump trucks, computer equipment, and many other essential items. The IBB and the HELP program reserve the right not to finance non-essential items and fixtures. Please contact the IBB directly if you have questions.
Join the hundreds of Hoosier units of government who have chosen to simplify their equipment financing process through HELP!
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Other areas we can halp
Fuel Budgeting Program
The fiduciary responsibility for tax dollars is central to your mission as a unit of government. When it comes to predicting budget expenses, that task may feel overwhelming. We live in a world of volatile events, where even the smallest occurrence on the other side of the world can impact Indiana. Particularly with the fuel needed to run key vehicles. With risks everywhere that are out of your control, where can you turn? Thankfully, the Indiana Bond Bank (IBB) has a tool specifically designed to protect your fuel budget against volatile prices. In these times of uncertainty, protecting your fuel budget is more important than ever. Why set your budget up for a headache when you can set it and forget it?
Advance Funding Program
Sometimes things don't go as planned. Through no fault of your own, you have a timing mismatch between expenses being due and your property tax disbursement. Through the Advance Funding Program, the Indiana Bond Bank offers cash flow stability to units of government through pooled tax anticipation warrants at an all-inclusive competitive rate. Since 1984, the Advance Funding Program has assisted over 250 units of government with $14 Billion in short-term cash flow needs.
Interim Loan Program
The Interim Loan Program offers short-term design study and construction cost financing for USDA-Rural Development projects. The process is streamlined through established partnerships and experiences. The program is currently structured to serve design study and construction cost financing needs of municipalities already approved for USDA-RD permanent financing. If you are in need of design study or construction cost financing, but not approved for a USDA-RD loan, please use the "Ask Us a Question" button below to see how we might assist!
Community Funding Resource Program
Starting a new public project? Thrown off course trying to locate efficient and affordable financing? Need hands-on assistance from experienced professionals? Let the Community Funding Resource (CFR) program get your project headed in the right direction. Through our CFR program, the Indiana Bond Bank offers direct financing for any public projects with a term of less than 10 years. We accept applications on a rolling basis, so tell us a bit more about your project below and we can let you know how the IBB can help!