Application Process
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Step 1: Specific Quote
For a specific quote, please e-mail the following information to Kelly Creamer at kcreamer@flcities.com
--Item to be financed
--Dollar amount of the loan
--Payment frequency (monthly, quarterly, annually or semi-annually)
--Term (3, 4, 5, 7 or 10 years)
--Payment in advance or arrears?
--Date of next Council meeting
Please note when a quote is given, that the rate is guaranteed for 30 days.
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Step 2: Council Approval
Council Approval is needed for your Specific Quote. |
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Step 3: Financial Statements, Budget and Equipment Financing Application
The following documents must be submitted with the Equipment Financing Application:
--Three years of your most recent audited financial statements
--Most recent fiscal year’s budget
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Step 4: Credit Approval from Bank of America
This usually takes about 1 week. |
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Step 5: Paperwork and setup closing date
Kathy Bowden with Banc of America will be in touch with you to sign the Equipment Financing Agreement and other necessary documents. An Equipment Financing Resolution will also be provided, but click on the link before for a sample resolution. Also a convenient closing date will be scheduled. |
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| Please contact Kelly Creamer at (850) 701-3629 with any questions, or e-mail her at kcreamer@flcities.com |
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