Grant Capital Management provided a $460,000 equipment finance lease to the Revenue Authority of Prince George’s County in Maryland. Grant Capital Management partnered with Passport, a Charlotte-based mobility software and payments company, to provide the financing, which is being used for license plate recognition equipment purchased by the Revenue Authority of Prince George’s County.

“When looking at this opportunity, we wanted to enhance our offering by providing financing services to the client,” Anthony Caddell, senior account executive of Passport Labs, said. “In meeting with Grant Capital Management, we found a firm with a great deal of experience, flexibility and creativity when it comes to public sector finance. The fact that they are a minority-owned firm is an additional bonus to the excellent services that they provide.”

The Revenue Authority of Prince George’s County entered into a tax-exempt master lease agreement to finance the purchase of the license plate recognition hardware and necessary equipment purchases in the future.

“As a Prince George’s County native, it always excites me to partner with county agencies,” Derek Mitchell, senior vice president of Grant Capital Management, stated. “Our firm does business nationwide, and utilizing the company’s resources and talent to benefit my hometown is especially gratifying.”

Grant Capital Management is a provider of lease financing to the public sector.