Application Process
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Step 1: Specific Quote
For a specific quote, please e-mail the following information to cwhitaker@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 Master Lease Application
The following documents must be submitted with the Master Lease Purchase 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
Vivian Hankins with Bank of America will be in touch with you to sign the Master Lease Agreement and other necessary documents. A Master Lease Resolution will also be provided, but click on the link before to review this document. Also a convenient closing date will be scheduled. |
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| Please contact Carol Whitaker at (850) 222-9684 with any questions, or e-mail her at cwhitaker@flcities.com |
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