Working Together to Create
Win / Win Solutions
A large private K-12 academy in
Indiana was in search of a financing solution for its upcoming
student laptop program. The academy's accounting firm wanted
the lease's structure to meet certain financial guidelines,
and the academy wanted payment terms that would match its cash
inflows. CalFirst Government and Education Group worked
closely with both the accounting firm and the academy in
creating a Master Lease agreement that met these parallel
requirements. The Master Lease also eliminated any need to
re-invent the wheel on future leases by making desired changes
only once and applying them to all future lease schedules.
Multiple Vendors + One
Lease = CalFirst Government and Education Group
A
Pennsylvania school district not only needed to update
software from two separate vendors, it also faced adding new
computer systems to help implement the software project.
Realizing that the software's cost would put them over budget,
school administrators undertook a search for creative
financing to meet their converging needs. CalFirst Government
and Education Group proposed combining all three vendors under
one lease, which streamlined the lease process and saved the
district time and money in negotiating one lease instead of
three. Almost as a bonus, the district saved additional money
because the increased equipment cost allowed them to get a
lower lease rate.
We Make It
Easy…
A public school district in Connecticut wanted
to use leasing as a financing strategy for an extremely
complex project among multiple vendors, with different
ordering and arrival timelines for the equipment. Dealing with
all these complexities, however, proved too daunting of a task
for the school district to handle by itself. CalFirst
Government and Education Group drew from extensive experience
to oversee the entire project: we ordered all equipment,
issued purchase orders to each vendor, and coordinated on-time
equipment deliveries to the school. At CalFirst , our priority
is to make the lease process simple and easy for our
customers. In this instance, we shouldered a lion's share of
the responsibilities so the school could concentrate on what
it does best: teaching.
It's Not Too Late
A
school in New Jersey learned a valuable lesson that CalFirst
Government and Education Group not only arranges lease
financing…we also solve cash flow dilemmas. When the school
had an urgent need for new technology, administrators did what
they had to and ordered it immediately. But that left them
with an unplanned cash flow shortage, and unable to order
other items the school needed. That's where CalFirst
Government and Education Group stepped in, first buying the
newly acquired equipment from the school, then immediately
leasing it back. This creative solution reimbursed the school
of its initial outlay and freed up cash to be used in other
areas.
Small School, Big
Problem
To be competitive with similar institutions
in the area, a small private school in California opted to set
up a state-of-the-art computer lab. CalFirst Government and
Education Group helped the school take a comprehensive,
long-term view that will pay dividends well into the future.
Besides obtaining hardware, software and furnishings through a
competitive lease that saved the school time and money, the
lease also provided for planned replacements that would help
avoid future obsolescence. Staff and students were assured of
being able to work efficiently and effectively, according to a
planned schedule for equipment replacement and upgrades.
CalFirst Government and Education Group offered a quick yet
far-reaching solution to what otherwise might have been a
time-consuming process for school administrators.
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