Equipment Leasing Program (ELP)

Purpose:

The Authority has established an Equipment Leasing Program (ELP) to provide tax exempt financing for equipment.

Financing can either be placed with a specific lending institution or bid out to multiple lenders using the Authority's standardized documents. Your choice!

Who Can Participate?:

Any institution that is qualified to borrow from the Authority under RSA 195-D is eligible to be a borrower under this program.

Fees/Expenses:

The Authority, Authority's counsel, bond counsel, and escrow agent fees are fixed.

*There are additional fixed bid agent fees if the bid process is used.

*Fees are based on the use of HEFA's standard documents. Bond counsel and HEFA counsel fees may increase if the standard documents are not used.

Size of Borrowing:

Minimum: $500,000

Maximum: none

Term:

The lease term, usually 1-10 years, is determined by the institution based upon the useful life of the leased assets.

For an application or additional information, contact:
David C. Bliss, Executive Director
New Hampshire Health and Education Facilities Authority
P.O. Box 2110
Concord, NH 03302-2110

Phone: 603-224-0696
Fax: 603-224-3058