FINANCE
Start Enjoying the Benefits of a New Playground Today!
Little Tikes Commercial has developed two unique leasing programs; one to manage public purchases and another for private purchases. These programs provide flexible, cost effective means of getting your playground funded today.
Marling Leasing Program (Private Sector)
HOW THE PRIVATE SECTOR LEASING PROCESS WORKS
Application/Credit Process
Little Tikes Commercial leasing is handled by our banking partner; Marlin leasing. Marlin has the ability to approve, document, and fund up to a $150,000 lease transaction within one-day, based on their single page lease contract. The lease contract is truly the most streamlined contract in the leasing marketplace.
- The lease documents can be 100% handled by the Marlin representative or by Little Tikes Commercial directly.
- The contract and pre-install certificate will be faxed or e-mailed to you for signature.
- To start the process, simply call or email Jennifer DeLong @ Marlin 877-479-9111 Phone ext. 5015, or email at (jdelong@marlinleasing.com). She will either fax or email you the single page credit application. Jennifer will even take your information over the phone. It’s your choice.
- Once we receive the application, a credit decision is made within 1-2 hours. Marlin will then call Little Tikes Commercial and you to let you know the decision.
- Once the lease documents are signed and returned to Little Tikes Commercial, the transaction will be funded and your order will be placed.
For more information or specific questions on this program, Jennifer can be reached at:
Little Tikes Commercial Leasing
6021 S. Syracuse Way
Suite 200
Greenwood Village, CO. 80111
Phone: 1-877-479-9111 ext. 5015
Fax: 1-877-479-1100
jdelong@marlinleasing.com
PlayPower Financial Leasing Program (Public Sector)
HOW THE PUBLIC SECTOR LASING PROCESS
PlayPower Financial also offers an easy and affordable financing for government playground purchases. The PlayPower leasing program offers purchasing flexibility to bring in all the money you’ll need to get your project started now with extremely attractive financing rates and an easy step-by-step process.
If you need facility improvements such as playground equipment, but budget constraints prolong the project cycle, PlayPower Financial can provide a solution to bridge the gap between project implementation and project funding.
The program provides flexible, cost-effective means of producing essential renovations without the time and expense of a bond election, simply a board/council approval.
A known, set expense can be budgeted annually, freeing you from budget uncertainties and lowering cash flow impact.
Benefits of the Playground Equipment Fund:
- Minimizes the need for 100% of the project cost up front. Only a small percentage of the project is required as a down payment which gets you all the playground equipment your site will need
- Finance all of the project costs, including shipping and installation
- Low tax-exempt interest rates
- No bond election. Simply an agenda item for board/council approval
- Flexible terms; annual or semi-annual
- Prompt, efficient documentation process
FAQ’s:
Is it legal for schools, cities, or counties to finance their purchases?
- Yes, every state in the U.S. has the provisions for political subdivisions to use financing, contractual obligations, or lease-purchase instruments to finance personal property acquisitions.
Can municipalities obligate themselves beyond one year?
- Municipal entities are allowed to enter into contracts, which contain non-appropriation provisions. This allows the entity to terminate the agreement if funds are not available at the beginning of the fiscal year.
Is a Lease-Purchase the only option PlayPower Financial offers?
- Not at all. At PlayPower Financial, we can tailor a financing program to match the specific needs or requirements of your project.
Does Financing or Leasing have to be bid?
- No. Financing is considered a professional service and as such there are no statutory requirements requiring a bid process. While U.S. government codes vary from state to state, this is the procedure most states follow.
Is the PlayPower leasing program available outside of the United States?
- Currently, PlayPower Financial is available in the US and Canada. However, if you are an international customer, please call +1.573.701.1445 to find out what special programs we may have for your specific needs.
Don’t wait! For a free no obligation financing proposal, call your local playground representative, or:
PlayPower Financial – Commercial Leasing
303 Hwy 51 S
Brookhaven, MS 39602
Attn: D.C. Greer
Phone: 1-888-PLA-POWR (888-752-7697)
Email: pgfund@playpowerfinancial.com