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Indiana Bond Bank

Bond Bank > Equipment Leasing Hoosier Equipment Lease Purchase (HELP) Program

Description of Program

  • Assists communities in acquiring essential equipment through a standardized and streamlined lease-purchase process
  • Standard lease terms
  • Minimum lease amount is $25,000 (if less then call or email rmangus@inbondbank.com for details)
  • Repayment flexibility; monthly, quarterly, semi-annual, or annually
  • Eliminates the need to bid financing (IC 5-1.5-8-3c)
  • Rates are updated daily
  • Over 200 communities assisted

Application Procedures

  1. Complete application 
  2. Submit certain financial information
    Most recent audit report
    Most recent annual report
    Current Budget
  3. Approval process usually within seven business days
    Applications can be submitted at any time. Upon approval from the Indiana Bond Bank Board of Directors and credit approval from the Bond Bank lender, only lease documentation is required to complete the transaction.

    The Indiana Bond Bank updates its rates for the HELP Program on a daily basis and is committed to providing Indiana Municipalities with the most competitive tax-exempt rates available in today's market.

    For an updated interest rate quote please call Ron Mangus at 317-233-0091, 800-535-6974 or email rmangus@inbondbank.com for updated HELP interest rates.