AQUA FINANCING SOLUTIONS®

ADVANTAGES
  • EASY to implement
  • Provides money your project needs to get launched NOW
  • We take you through each step until the money is in the escrow account, and your project is launched

APPLICATIONS
  • Projects as Low as $20,000 can be Financed
  • Funds can be made available in 30 - 45 days
  • No money down, no payments for up to one year
  • Flexible payment plans: monthly, quarterly, or annually based on project needs
  • Early payoff allowed without significant prepayment penalties
  • Tax exempt financing reduces exposure to price increases
  • Tax exempt financing allows owners to make
    equipment decisions.

FINANCING KIT REQUEST

For a FREE complete Aqua Financing Solutions® Kit, please email our Application Engineering department or call toll-free 1-800-940-5008.  They would be happy to provide you with a customized Kit for your project.

To view the brochure, please click here Aqua Financing Solutions.

 

BRIDGING THE FUNDING GAP

Consider Aqua Financing Solutions® for:

  • Equipment upgrades, retrofits and plant expansions
  • Developer projects – with municipality financing and revenue from the developer
  • When project costs are more than funds acquired for the project after bid
  • Projects awaiting state or federal funding, bridge loan evaluation or possible bond issue

Aqua Financing Solutions® Guarantees

  • Municipalities can fund 100% of all wastewater treatment plant:
    • Equipment
    • Equipment engineering
    • Equipment installation purchases
    • Personal property (defined as "If it can be bolted down - it can be financed")
  • Tax exempt lease authorized by section 103 (a) of the Internal Revenue Code
    • Qualifying Entities:
    • United States: cities, towns, counties and other municipalities
    • Other state entities: school districts, special purpose districts (fire, parks, utility, water, etc.) hospitals, agencies, authorities, boards and commissions
  • Tax exempt financing has no impact on the municipalities total debt due to the structure of the loan

  • Tax exempt financing can be approved by board/council with no bond election

  • Assess life-cycle costs in evaluation of the program and cost of delay

PAYMENT ESTIMATOR

Type in your Capital Cost Estimate and click the Calculate button to see (3) annual payment options.

Capital Cost Estimate     $
        
  4 Annual Payments $
     
  5 Annual Payments $
     
  6 Annual Payments $
     
  • First payment may be deferred up to 12 months with no money due at closing
  • Approved at Council or Board, no bond election
  • Preserves scarce capital dollars
  • Low, tax-exempt rates
  • Early payoff priviledges

 

 

Certain restrictions apply. Estimated issuance and documentation fees are capitalized in the payments.

FAQ's

Is it legal for schools, cities or counties to finance their purchases? Yes, every state has provisions for political subdivisions to use financing, contractual obligations or lease-purchase instruments to finance personal property acquisitions.

Can municipalities obligate themselves beyond one year? Municipal entities are allowed to enter into contracts which contain non-appropriation provisions. This allows the entity to terminate the agreement if funds are not available at the beginning of the fiscal year.

Is a Lease-Purchase the only option we have? Not at all. At Aqua Financial, we can tailor a financing to match the specific need or requirements of your project.

Does Financing or Leasing have to be bid? No. Financing is considered a professional service and as such there are no statutory requirements requiring a bid process. While government codes vary from state to state, this is the procedure most states follow.

How do I initiate the financing once the customers says YES. Simply call Aqua Financial and we will walk you and your client through the process until the funding is completed.