This bid is for vehicle and equipment lease-purchase financing at 201 South Main Street, Emporia, Virginia 23847.
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What the job is
Financing amount: Up to $651,565, tax-exempt and bank-qualified.
Assets and terms: Knuckle boom trash truck: $300,000 over 7 years; Bobcat forklift: $55,000 over 3 years; three police cruisers: $197,460 over 3 years; multipurpose officer transit van: $99,105 over 5 years.
Interest and repayment: Fixed simple interest rate not exceeding 5% annually for the full term. Equal annual principal payments plus interest due July 1, with the first payment by July 1, 2027; annual renewal subject to funding availability.
Closing and escrow: Expected closing November 13, 2026, with all funds drawn at closing. Include interest-bearing escrow terms and costs, with escrow closing within 18 months.
Fees and prepayment: No bank closing costs or annual fees except accepted escrow fees. Prepayment available no later than one year after the first payment, with no more than 30 days’ notice and a maximum redemption price of 101% of principal plus accrued interest.
Quote details: Include amortization schedules, confirmation of funds availability, funding conditions, and all costs. Quote must remain firm for 60 days.
XL Eagle