27 Sep

FIRST NATIONAL CAPITAL PROVIDES $15 MILLION CAPITAL LEASE FOR NEW DRILLING RIG

FOOTHILL RANCH, Calif., (Jan 22nd, 2016) – First National Capital Corporation (FNCC), a full-service commercial equipment and aviation finance provider, has announced that they have arranged for the funding of a new, state of the art NOV 1,500 HP Directional Drilling Rig.

The customer stated that. “In this difficult environment for Oil and Gas, FNCC unlike it’s competitors was able to actually deliver financing for this mission critical rig. The ultimate financing structure and requirements were complex, and the FNCC team worked through numerous challenges over several months to ultimately achieve this important goal for Latshaw. We are very appreciative of their efforts and tenacity is securing this financing, in particular given this exceptionally challenging market. FNCC’s willingness to listen and respond to our unique requirements, apply creativity and flexibility to insure a successful close was a clear differentiator for FNCC amongst its competitors.”

First National’s President Keith Duggan stated, “First National prides itself on delivering on commitments in both good times and bad. When we enter markets we are committed to continue supporting our clients in those markets, despite cyclical changes in those markets. We have been and remain committed to providing capital to the Oil and Gas, as well as Mining markets in 2016 and beyond, further demonstrated by our 11 years serving 100’s of clients in these sectors.”

With offices in Foothill Ranch, California; Houston, Texas; and Nashville, Tennessee, First National Capital Corporation provides cost-effective equipment finance and leasing solutions to a wide range of capital-intensive industries including aviation, construction, manufacturing, energy and mining, healthcare, technology, retail and wholesale. The Company’s unique capital structure allows it to provide an aggressive cost of funds to a very diversified range of credit profiles.

For more information, please visit the First National Capital Corporation website at www.firstncc.com

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