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| Installment Purchase Program |
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 *Program Features:
Type of loan: Installment Purchase
Agreement that provides funds as needed.
Loan Terms: Borrowing term matches useful
life of asset.
Interest Rates: Rate based on a percent
of U.S. Treasuries, depending on borrower's credit raing.
Schedule: Offered
monthly.
Payment
Schedule, Security Pledge, & Sample Interest Rates
Installment
Purchase Agreement Application
Submit completed application, two (2) copies of the audited financial statements for the previous two (2) years, and a Board approval authorizing form resolution to:
Thomas Letavis, Executive Director
Municipal Bond Authority
Richard H. Austin Building, 1st Floor
(formerly the Treasury Building)
430 West Allegan Street
Lansing, Michigan 48922
Telephone : (517) 335-0994
Fax: (517) 335-2160
* Program may be expanded to include other
features outside of an installment purchase agreement.
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