First Government Lease Co. is the largest independent company specializing in municipal lease finance. 

With direct funding capabilities, we offer extremely competitive interest rates, with standard lease terms of 1–7 years, and payment modes structured to allow for monthly, quarterly, semi-annual or annual payments. 

Financing can be provided with no down payment and FGLC will finance shipping and any additional warrantee charges.

Mission Statement

Our mission is to provide lease financing so municipalities can afford quality used or new Equipment in providing municipal services.

FGLC has long recognized the growing demand for creative and innovative financing structures required by municipalities and government agencies. One of these, lease-purchase financing, has become crucial in the procurement process. With continued budgetary constraints, this flexible financing tool has become an important consideration in the financial planning process. In order to meet the changing needs of the municipal marketplace, we at FGLC are committed to expanding our programs and developing creative and flexible solutions to meet these requirements. 

To this end, First Government Lease Co. is helping municipal entities help themselves by providing simplified, low cost, One-Page Leasing so that these entities can afford much needed used or new Equipment


Originally, FGLC was founded in 1992 to finance traffic radar equipment. 
Since that time FGLC has grown to finance 1,000s of transactions for municipal entities in all 50 states for all types of used and new Equipment.

Officers - Paul Graver, President
(1992 -Present)

  • Overseeing the day to day operations of First Government Lease Co.

  • KPMG Peat Marwick Financial Risk Strategy Group, New York & Chicago
  • Director (April 1994 - July 1995)
  • P.A. Graver & Associates, Inc.
  • President (August 1988 - July 1992)
  • Drexel Burnham Lambert
  • Senior Vice President (December 1983 - August 1988)

  • B.S. in Finance from Marquette University 1982
  • M.B.A. from Loyola University 1983

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