Garland Lease Financing Services

Lease Financing Services

Through a collaborative arrangement with Key Equipment Finance, Garland customers in the private and public sectors and non-profit organizations across North America can lease finance their roofing projects. Our lease finance program allows state and local governments, public hospitals, school districts, colleges, universities, and 501(c)3 organizations to qualify for tax-exempt, low-interest-rate purchasing for our full range of high-performance commercial roof systems. Flexible lease financing options are also available for businesses and other commercial enterprises across the U.S. and Canada.

Lease financing, as an alternative to traditional bond financing or cash, gives customers the opportunity to make their roofing purchase over time, without increasing their capital debt. It allows schools and other public organizations, as well as commercial businesses, to replace or renovate their roofing when they need to, buying valuable time until capital becomes available. The lease arrangement applies to the total roof project cost, including materials, delivery, and installation.

The typical term for repayment is from three to seven years, with a one dollar buyout at the end of the term. Since the lease is considered a maintenance expense, rather than a capital debt, the arrangement frees up capital needed for other building asset investments. Rates are competitive, and, for non-profits and governmental agencies the interest is exempt from federal taxes.