REQUESTING A PROPOSAL FROM FMLC

BID OR PROPOSAL REQUEST FORM – LESSEES and Vendors.   

To request a financing proposal from First Municipal Leasing Corporation ( “FMLC “) please complete the following information and then either Fax or e-mail the form to us as shown below.

Additional information and suggestions follow the Proposal Request below.

LESSEE FINANCING PROPOSAL REQUEST

1. Lessee Name
2. Address
3. City
4. State
5. Zip
6. Contact
7. Title
8. Phone
9. FAX
10. Email
11. Please provide a proposal for the following transaction. I (we) have read and agree to the terms and conditions set forth in the Internet Site Disclaimer.
12. I have read and agree to the disclaimer
13. Equipment Description
14. Cost to be financed
15. Lease Term(s) requested (in years):
16. Frequency of payment: Annual Semi-Annual Quarterly Monthly
17. In Advance
18. In Arrears
19. Commencing
20. Down payment (if any)($)
21. Payable on delivery
22. Payable at time of order

Equipment Delivery Schedule

1. Item#1
2. Delivery Date
3. Cost
5. Item#2
6. Delivery Date
7. Cost
9. Item#3
10. Delivery Date
11. Cost

Down Payment (if any)

1. Payable on delivery $
2. Payable at time of order $

1. Other essential information that will allow us to tailor our proposal to your specific needs:
2. Will the lessee be bank qualified or non bank qualified in this calendar year (if in doubt use link to prior description):
3. bank qualified or non bank qualified? no yes
4. Who may we contact in the event of questions regarding your request if different from information indicated above:
5. Name
6. Title
7. Phone
8. E-Mail
9. Please forward proposal to (again if different from information indicated above):
10. Name
11. Title
12. By fax
13. By mail
14. Finally, did you find completing this application: Easy Difficult
15. What would you suggest be revised to make it easier next time:

 

cforms contact form by delicious:days

Lease Purchase Proposal Requests and Analysis

Items for Lessee’s consideration Following are details that will be of interest to potential equipment lessors in preparing a proposal for you. Also shown is required information regarding proposals submitted by lessors that should make a comparative analysis easier for you, the lessee.

Regarding the equipment to be financed:

• What is being purchased, its description, and is the equipment a new addition to an existing fleet, or is it replacing older equipment.

• Its cost (including applicable sales tax).

• When will it be delivered, or refinanced.

• Will prepayments be made under the purchase contract with the vendor for partial or early deliveries that will allow you to take advantage of early payment discounts.

When will any partial or early payments to vendors be required and in what amounts.

• Regarding the lease proposal:
• the lease term in years
• payment timing preferences, annual, semiannual, etc.
• preferred closing date for the transaction
• will lessee issue more than $10.0 million in new tax exempt debt in the CALENDAR year in which the lease will commence.

• Information to be included in a lessor’s proposal to assist the lessee in comparing alternatives:
• periodic payment in dollars, and dates those payments will be due.
• the commencement date for interest accrual in the lease (this is very important to keep consistent in proposals from competing lessors). Interest charges based on dated dates or the date of a proposal, will result in the lessee paying interest charges before the lease funding date or the payment date to the vendor at time of delivery.
• will lessor be using an escrow for an advance funding of the lease, if so, who will benefit from the escrow earnings on the funds in escrow (again, this is very important to keep consistent in proposals from competing lessors).In some cases lessor’s or the escrow agent may keep the earnings, and they would not be applied to reduce the financed equipment cost, or reduce lease payments due.
• fees applicable to the transaction how much and how paid. Will they be capitalized in lease.
• if an escrow is utilized, what investment earnings assumption was used in proposal.
• disclose prepayment premiums in the transaction. Are they in excess of unamortized principal based on the stated interest rate in the proposal.
• can the lease be prepaid for outstanding principal only, and if so when.
• how fast can the lessor close the transaction if it is awarded.
• how long will the lessor hold the lease rate quoted in the proposal

Lease Calculators