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.

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Benefits

What makes us different

One Page Commitment-Free Application
Competitive Rates from a Statewide Network of Lenders
Exempts the Legal Requirement for Indiana Units of Government to Bid Financing
Rate-Buy Down from the Indiana Bond Bank

The process

  1. Submit a commitment-free application to the Indiana Bond Bank.
  2. The Indiana Bond Bank gathers required financial statements and sends application to a statewide-network of participating lenders.
  3. The Indiana Bond Bank compiles bids and sends you the lowest-cost bid.
  4. You notify us you are selecting the bid, and obtain local approval.
  5. You close directly with the selected financing provider. Funds are distributed to equipment vendor on pre-determined date.
Examples of Equipment
Fillable PDF HELP Appplication
I: Reviews Swiper

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 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 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 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.

Thomas Dippel City of Huntingburg

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 DeKalb County Central United School District
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Guide

Common Questions

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.

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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

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