Painting 24-hour approval process perfect for emergency situations. Use in tandem or as an alternative to state maintenance funds. Refinance one or all at lower rates. Fits well where lease revenue bonds or large leases are not cost effective to re-do existing leases. Change amortization schedules for better debt management.
College can match amortization schedule with projected revenue stream.
More cost-effective than vendor financing. Chabot-Las Positas, Gavilan, Monterey Peninsula, Mt. San Jacinto, Santa Rosa, and Solano, have all used the program successfully. Community college district officials are searching for new resources to expand tight operating budgets in order to meet the immediate and long-term capital needs of their campuses. Reductions in federal and state support and local taxes call for tough decisions, greater self-reliance, and innovative approaches. As a result, the demand for alternative financing methods in growing along with the need for equipment and facilities.