Dan has been engaged in the equipment lease and finance industry for the past 25+ years with extensive experience in all facets of this business segment. Prior to starting CapFirst Equipment Finance, Dan was a co-founder and owner of a leasing firm, which operated as a general equipment lease finance company. During his time there, he was responsible to the day-to-day operations of the Bank Lease Program which included the build out of this program to over 150+ banks in the upper Midwest and the funding of over $1.0 billion in volume. As a former FDIC Bank Examiner and through various other positions held in his career, Dan has an extensive experience in credit, underwriting and the structuring of various finance transactions through a wide array of industries. He is a graduate of the University of Jamestown with double majors in Mathematics and Business Administration.
Contact Dan: dsaville@capfirstef.com | P: 701.639.7209 | C: 701.367.5492 | F: 701.639.7031

Tax-Exempt Municipal Financing

Tax-Exempt Municipal Financing offered by CapFirst is exclusive to municipalities (ie. Counties, Cities, School Districts, etc) and by virtue of product being tax-exempt lower interest rates can be offered to the municipality.

What is a Tax-Exempt Municipal Lease?
A Tax-Exempt Municipal Lease is a conditional sales contract disguised in the form of a lease and is only available to municipalities. Under this lease type, the interest earnings on the lease are exempt from Federal Taxes. Municipal leases are usually structured with a $1.00 buyout option at the end; however, the lease also will be subject to annual appropriation by the municipality. Entities that qualify include but are not limited to: Cities, Counties, Park Districts, School Districts and Fire Districts. The determination as to what type of entity constitutes a “municipality” is that the entity must have the ability to levy taxes on its behalf. A non-profit entity (generally referred to as a 501(c)(3)) does not qualify for tax-exempt lease financing without having a municipality sponsor its financing.

The CapFirst Experience
When you work with CapFirst, you'll find equpiment finance experts who are easily accessible and get to know your business, and an independently owned company with a different approach. Whether you are looking to expand your company, purchase new equipment or make capital improvements, CapFirst offers a full array of financing products to help you grow.

CapFirst's loan policies and decisions are made locally, and you know you'll have financing to suit the unique needs of your business. We want to work with you to create a customized solution for your future. We offer competitive rates, terms and payment structures and our solutions include:

Contact one of our team members to talk about your current and future plans.