Grant Capital Management, Inc. announced a $460,000 equipment finance lease with the Revenue Authority of Prince George’s County.

The company partnered with Passport, a Charlotte-based mobility software and payments company to provide financing for license plate recognition equipment purchased by the Authority.

Passport Labs, Senior Account Executive, Anthony Caddell said, “When looking at this opportunity, we wanted to enhance our offering by providing financing services to the client. In meeting with Grant Capital Management, we found a firm with a great deal of experience, flexibility, and creativity when it comes to public sector finance. The fact that they are a minority-owned firm is an additional bonus to the excellent services that they provide.”

The Authority entered into a Tax-Exempt Master Lease Agreement to finance the purchase of the license plate recognition hardware and necessary equipment purchases in the future.

Grant Capital Management’s Senior Vice President Derek Mitchell said, “As a Prince George’s County native, it always excites me to partner with county agencies. Our firm does business nationwide and utilizing the company’s resources and talent to benefit my hometown is especially gratifying.”

Grant Capital Management is a provider of lease financing to the public sector. The firm finances all types of essential-use equipment, real property, solar and energy performance contracts. Grant Capital Management has funded over $5 billion in lease financing with terms up to 25 years.