City of Rochester receives aid from the Hoosier Equipment Lease Purchase (HELP) Program

Friday, April 26, 2024 at 2:26 PM

city-of-rochester-receives-aid-from-the-hoosier-equipment-lease-purchase-help-program

Treasurer Daniel Elliott announced that the Indiana Bond Bank assisted the City of Rochester with financing air curtain burners through its Hoosier Equipment Lease Purchase (HELP) Program.

The purchase of $150,000.00 worth of essential equipment was financed through this program.

The HELP program assists Indiana communities in acquiring essential equipment through a standardized and streamlined lease-purchase process. The program provides standard term leases. Flexible repayment is available with competitive rates offered. The HELP program exempts entities from the need to bid financing.

Since July 1, 2023, over $18M in essential equipment has been financed through the HELP program.

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