Grant Capital Management, through its Atlanta-based affiliate, First Municipal Credit, recently completed the funding of over $12.5 million for the implementation of a business license/permits and cashiering management for the City of Atlanta.
The funding covers $4 million in taxable project costs and over $8 million in tax-exempt obligations. The city contracted Fast Enterprises to install GenTax software which manages the city’s revenue sources, enforcement and receivables.
“As always, the city was highly impressed by the execution of Grant Capital Management. This transaction was complicated. Not only did we need a partner who understood the taxable and tax-exempt components, but they also needed to understand the nature of the equipment and its delivery schedule,” Courtney Knight, city treasurer, said. “Grant Capital worked hand-in-hand with the city and made sure that we had a smooth and on time funding. This was not the first transaction that we have partnered with them and based on their performance it will not be the last.”
“As a leader in financing essential equipment solutions within the public sector, we always welcome the opportunity to partner with clients such as the City of Atlanta,” Derek Mitchell, senior vice president of Grant Capital, said. “Their team is stellar in every way and we look forward to partnering again in the near future.”
