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Financing
Products
United Financial offers an array of traditional, specialty,
and tax-exempt financial products tailored to meet the needs of Vendors
and Suppliers and their End-User Government and Commercial customers.
Through United Financial's Structured
Financing Programs, customers may obtain up to 100 percent financing for
equipment and installation. No down payment is required. A United Financial
Structured
Financing Program
allows you the flexibility to:
Select the equipment and manufacturer |
Use the equipment |
Retain working capital during the lease period |
Purchase the equipment at the end of the lease period |
Our Structured
Financing Programs
include:
Energy Savings
Performance Contracts (ESPCs)
Energy Savings Performance Contracts (ESPCs) are financing mechanisms
that enable federal agencies to finance projects related to the procurement,
installation, and operation of energy efficient equipment and systems
with no up-front costs. The energy and water conservation projects result
in a guaranteed agreed-upon cost savings for the federal agency. Through
ESPCs, federal agencies can access private-sector expertise in energy
efficiency, water conservation and renewable energy.
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Utility Energy
Service Contracts (UESCs)
Utility Energy Service Contracts (UESCs) are financing vehicles
through which a federal agency may implement efficient and renewable
energy projects through partnerships with their serving utilites. The
utility typically arranges the financing to cover the capital costs
of the project and is subsequently repaid over the contract term from
the cost savings generated by the energy efficiency measures. Through
UESCs, federal agencies can implement energy improvements with no initial
capital investment, minimal net cost, and savings in time and resources
through one-stop shopping provided by the utility.
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Enhanced Use
Leases (EULs)
Enhanced Use Leases (EULs) are multi-party arrangements through
which authorized government agencies may out-lease underutilized real
property to a private real estate developer (or state or local government)
in exchange for cash or in-kind consideration. Through an EUL, the federal
agency is able to leverage private investment capital to fund the development
project as well as other needs of the agency.
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Performance Based
Contracts (PBCs)
Performance Based Contracts (PBCs) are contracts that focus more
on the result than the process; they allow the government to acquire
services via contracts that define what is to be achieved, not necessarily
how it is to be done. Government agencies are provided with best-value
products and services through pre-screened contractors who have the
freedom to bring new approaches to the table. PBCs typically include
fee for service contracts, per-transaction fees, and per-user fees.
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Rental Agreements
Rental Agreements are the most flexible form of lease financing.
They may be structured as Operating Leases, but may also be tailored
to accommodate a variety of other customer needs, such as reduced payments
over a longer term or the greater certainty of fixed purchase or renewal
options. Rental Agreements are available for many forms of equipment
financing where the customer is not concerned with maintaining the tax
benefits of a Finance Lease.
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Operating Leases
Equipment Operating Leases are appropriate when a customer desires
the flexibility of equipment use for a limited term, without assuming
the obligations of ownership. The term of an Operating Lease
may be tailored to the customer's needs, but is less than the equipment's
useful life. At the end of the lease term, the lessee has the option
to purchase the equipment for fair market value, renew the lease for
an additional term at its fair rental value, or to return the equipment.
Benefits of operating leases include: greater flexibility in equipment
planning, the effects of "off balance sheet" financing upon the customers'
other credit sources, and lower lease payments.
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Capital (Finance) Leases
Equipment Lease Purchase Agreements, also known as "Finance
Leases" are useful when a customer desires the flexible payment
terms of lease financing as well as the benefits of equipment ownership.
The term and payments of a Finance Lease can be arranged to meet
the customer's needs. Title to the equipment passes to the customer
on day one, so that it may take the tax benefits of equipment ownership.
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Sale Leasebacks
A Sales Leaseback is a financing structure that may be used to
obtain financing based on assets the customer already owns. In this
structure, the lessee may sell off its unencumbered equipment for cash,
then lease it back over an extended term. The customer lease may be
structured to accommodate any of lessee's financial, tax, and operating
needs.
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Software and Services (only) Leases
Software and Services (only) Leases are available to finance
customers' acquisition of third-party software licenses and fixed-term
information technology service contracts. These lease structures allow
IT departments to finance these ever-increasing budget costs with flexible
payment terms.
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Note and Security Agreements
In addition to a new equipment acquisition, this transaction may be
appropriate when a customer wishes to borrow against equipment that
it already owns. United Financial will provide term note financing to
the borrower based on the value of its pledged equipment. A Note
and Security Agreement is a convenient means for customers to obtain
additional borrowing capacity based on the underlying security of their
existing equipment assets.
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Tax Exempt Municipal Leases (Local Governments)
United Financial offers qualified public bodies "lease-purchase" agreements
at significantly lower rates than are typically available for commercial
lease transactions. The Municipal Lease is structured so that
the governmental body is the equipment's owner for tax purposes. Because
the lessor does not pay federal tax on the lease payments it receives,
it can offer lower financing rates to the government.
In order to comply with restrictions on governmental debt obligations,
the Municipal Lease contains a "non-appropriation" provision
that allows the lessee to terminate the lease at the end of its fiscal
year in the event that funds are not legally available to make future
lease payments.
United Financial offers qualified public bodies the advantages of its
Tax Exempt Municipal Lease, with the convenience of a master
lease. The basic terms and conditions of the finance agreement are contained
in the Master Municipal Lease Agreement. Making subsequent lease
financings are more streamlined with lease schedules that require only
minimal legal review by the lessee.
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GSA Schedules (Federal Governments)
Under a GSA Schedule, United Financial can provide financing
to federal agencies on the basis of Lease to Ownership, Lease
with Pre-Stated Option to Purchase, Lease with Fair Market Value Option
to Purchase and Step Lease plans. United Financial can provide
financing via a government contractor's own leasing terms and conditions
or government contractors can use United Financial's GSA leasing terms
and conditions through a "teaming arrangement."
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Financing Products
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