Grant Capital Management closed three equipment lease agreements totaling $17.5 million. The first of the leases is with the city of Hartford, CT and is valued at $8.7 million. The second is a five-year, $1.9 million vehicle finance lease with Fulton County, GA. The third was an equipment contract lease of $6.9 million with the District of Columbia Government in Washington D.C.
The agreement with Hartford will be used to purchase titled equipment and essential capital equipment. The deal with Fulton will be used to replace 105 county vehicles. The county has a seamless funding process in place so that it can finance vehicles on demand. The transaction with the District of Columbia will be used to finance the purchase and installation of public safety vehicles, buses, trucks and IT equipment for various government agencies.
Grant Capital Management is a provider of lease financing to the public sector. Since 2000, it has funded over $5 billion in lease financings.
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