Synergem’s Financial Solutions

Leasing                                                                        Synergem has developed a working partnership with a consortium of banks that operate in all fifty states and can include a local bank of the client’s choice.  The normal lease has a term of sixty months (other terms are available) with the client’s first payment due one year from the date the “lease contract” is signed. The client may choose a quarterly, semi-annual or annual payment schedule consistent with his financial requirements.

The interest rate will be the lowest that can be offered under IRS regulations (it is a tax-free investment) and is applied against a declining balance. Depending on the market conditions this can produce an effective interest rate one or more points below normal commercial offerings. This lease covers software, hardware, installation and other services.

Since the products leased are titled to the client, his capital inventory is increased and that positively impacts his community’s bond rating.  Payments, however, are considered an operational expense and do not increase bonded indebtedness.

For more information click on the following two documents:                            

• Leasing FAQ's

• Leasing Outline

Municipal bonds:  Clients who wish to fund their purchases through municipal bonds can be offered the services of Synergem banks to write the bonding ordinance and find investors to purchase the bonds when issued. Jurisdictions already contemplating a bond issue can add 9-1-1 initiatives to it or include other projects related to public safety to a bond involving 9-1-1.

Grant writing:  Synergem will assist in preparing grants requests on a contingency fee basis.

Financial modeling:  Synergem will work with customers to identify the costs involved in their purchase, expected incomes from wireline tariffs and wireless distributions, shortfalls between income and project costs, grant and federal funding opportunities and payment options that might close any funding gaps. These factors will be modeled so that governing councils and financial officers can make informed decisions.              

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