Municipal Financing
SPECIALTY FINANCING
Helping municipalities finance essential use equipment.
Old National offers both Installment Purchase Agreements and Lease Purchase Agreements for local municipalities. These financing options are affordable and flexible alternatives to bond financing.
Advantages
- Acquire equipment you need now without incurring long term debt
- Level capital expenditures in budgets from year to year
- Preserve cash for other projects that are either harder to finance or cannot be financed
- Simple to complete allowing buying decisions to be implemented quickly
- Low tax exempt rates