Long-Term Financing
Since its first bond issue in December 2003, VML/VACo Finance has financed over $750 million in capital projects and equipment for local governments. Our goal is to provide the lowest cost financing for your local government or authority, along with hands-on assistance to make this the easiest financing you’ve experienced.
In 2011, VML/VACo Finance rolled out a new financing option named the Fixed Rate Loan Program. This program offers loans of practically any size at fixed interest rates without the usual high closing costs of municipal bond issues. It will save your locality tens of thousands of dollars in closing costs compared to traditional municipal bond issues and pools — the savings are even greater for large-scale loans. Interest rates are set through a competitive process for which we handle all the details. Multiple types of pledges are accepted. You’ll find our lending process much simpler and more straight-forward than that available from just about any other source.
We’ve also applied this same approach to our new Leasing Program for financing equipment over its useful life, from 3 years up to 15 years. The equipment being financed serves as collateral, so a general obligation pledge is not required.
Contact VML-VACo Finance for more information on selecting the right financing option for your organization. VML-VACo Finance staff is registered as Municipal Advisors with the federal Municipal Securities Rulemaking Board and the Securities and Exchange Commission.
VML/VACo Finance’s long-term financing programs offer:
- Interest rates fixed for the life of the loan;
- No bond insurance cost;
- The ability to share issuance costs with other participants;
- The flexibility to schedule a closing date that best suits your schedule;
- No closing-cost options for loans of $5 million and above
- Regularly-generated arbitrage monitoring reports;
- An easy process in which we handle all the details.
For more information, or to submit an application, select the following links:
