Equipment Lease-Purchase Financing, 2026

The City of Spartanburg is seeking financial institutions to provide up to $4.5 million in tax‑exempt lease‑purchase financing for the acquisition of specified equipment. Interested banks will submit proposals that detail interest rates, financing terms, and any additional conditions. This solicitation is aimed at securing competitive financing offers that will enable the city to acquire needed equipment while managing fiscal impact. • Funding ceiling: $4,500,000 (tax‑exempt) • Required deliverables: financing proposal with interest rate and financing conditions • Evaluation based on cost of capital, flexibility of terms, and overall value to the city • Deadline for bid submission: May 19, 2026, noon • Primary contact for inquiries: Carl F Wright (city procurement office)