Indiana Bond Bank Assisted City Of Warsaw With Financing

INDIANAPOLIS – Indiana Treasurer Daniel Elliott announced that the Indiana Bond Bank assisted the city of Warsaw with financing street department vehicles through its Hoosier Equipment Lease Purchase (HELP) Program.
The $1,624,842 purchase of essential equipment was made possible through this program. The Warsaw Board of Public Works and Safety approved the purchase at its June 5 meeting.
“The HELP Program is super simple with just a one-page form, helping cities and towns score great rates with flexible terms. Without it, many places might not afford the gear they need to keep things running smoothly,” Elliott is quoted as saying in a news release provided Wednesday.
The HELP program assists Indiana communities in obtaining essential equipment through a standardized and efficient lease-purchase process. It provides standard-term leases with flexible repayment options at competitive rates. By effectively securing competitive bids from various financial institutions statewide, the program ensures the lowest financing costs, thereby saving taxpayer money, according to the release. Since its inception, the HELP program has financed over $471 million in essential equipment for Indiana communities.