The California School Boards Association Finance Corporation proudly works with George K. Baum & Company to provide the FlexFund Program.
What is the FlexFund Program?
The FlexFund Program is a means for California school districts, community colleges and county offices of education to finance their real property, equipment and facility needs up to $5 million with a lease/purchase agreement.
The FlexFund Program is quick and efficient, offers competitive rates, and has very low costs of issuance. In addition, unlike many other lease/purchase programs, the FlexFund Program provides leases with no prepayment penalty. This allows clients to prepay a lease as funds become available.
The FlexFund Program is a great financing source for all different types of projects – whether it is small or medium sized, short or longer term. George K. Baum & Company will work with clients to help identify the financing option that is best suited to their needs, including the size and term of the lease.
FlexFund Features
- Simple application
- Payment flexibility
- Funding on your timeline
- Wide range of projects financed
- No prepayment penalty
- Fixed interest rate up to 20 years
- Semi-annual payments
- Simple documentation
What can be financed?
The FlexFund program can accommodate the financing needs of California’s public school districts, community colleges and county offices of education for the acquisition of:
- Equipment and furnishings
- Real property
- Relocatable classrooms
- Energy management systems
- Playground surfacing and equipment
- Buses and other vehicles
- Construction, renovation and modernization
- Interim financing (in anticipation of state monies or bond issues)
Contact
George K. Baum & Company
660 J Street, Suite 460
Sacramento, CA 95814
916-443-5525 (Phone)
916-443-7749 (Fax)
californiagroup@gkbaum.com