The company is a leading aerospace repair provider in the United States and Europe.
The customer had a 10-day time frame to take advantage of their vendor’s discount on their new equipment purchase of $550,000. With each day presenting opportunity lost, the customer required speed, dedication, and accuracy from the entire First National team in order to get their deal documented and funded.
First National deployed their operations, asset, and credit departments to work resolutely in parallel to achieve a successful close for the customer; the customer’s transaction was documented and funded within the 10-day time frame they requested.
With the private equity ownership relying on First National to accommodate the stringent timeline and their portfolio company to achieve a positive close, First National positioned themselves to earn this transaction, and future business opportunities with the company.