Mining Company

The Customer

The customer is a publicly held mining operation with over $500 Million in revenue operating in the precious metals mining business. The company was founded in 1891 and operates internationally as well as domestically.

The Challenge

  • Underground mining equipment many traditional lenders view as higher risk
  • Assets located in Alaska, Canada and the United States
  • Decades of exceptional performance demanded extremely aggressive pricing
  • Very fast turnaround with smooth funding process required

Done Deal.

  • Provided more aggressive rates than the competition.
  • Financed all locations with only one set of lease documents. Streamlined documentation saved the customer tremendous time and money.
  • The finance transaction ensured minimal interruptions and distractions in the customer’s daily course of business
  • The customer was so pleased that they let us finance all their CAPEX requirements for the year.
  • A strong international organization trusted First National to provide complementary CAPEX funding–and we got the deal done!

Complementary CapEx Funding Case Studies

When equipment-intensive budgets require funding that preserves delicate banking relationships and offers additional flexibilities all at a low cost of capital, trust First National. Explore more examples of complementary CapEx funding below:

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