Technology Company – $4.6MM – Done Deal
The Customer Technology Company Challenge A 2.5-year-old company needed to purchase a larger dredge to eliminate leasing. Preferred to preserve cash for expansion rather than commit capital to assets. No senior lender due to its niche oil & gas industry exposure. Done Deal FNC structured a $10M equipment line of credit, reimbursing deposits and milestone […]
Maintenance Company – $2.9MM – Done Deal
The Customer Maintenance Company Challenge The company secured major contracts but needed significant new equipment. Preferred to preserve cash for acquisitions rather than investing in depreciating assets. Higher labor costs and the loss of a major client impacted financial flexibility. Done Deal FNC provided a $5M equipment line of credit with draw-down flexibility. Vendors sent […]
Construction Company – $19.5MM – Done Deal
The Customer Construction Company Challenge The company’s financials declined in 2021-2022, reducing EBITDA and cash flow. A long-standing equipment line with Wells Fargo required conversion into term debt. The company was exiting non-core, low-margin contracts and repositioning for growth. Done Deal FNC structured three transactions over 10 months, totaling nearly $20M. A $4.9M sale-leaseback provided […]
Packaging Company – $3MM – Done Deal
The Customer Packaging Company Challenge The company had no profitable financial history in the U.S. As a foreign-owned entity, it struggled to secure domestic financing. It had already paid 80% of an equipment purchase, with the final payment due soon. Done Deal FNC reimbursed 80% of the funds already paid, returning liquidity to the company’s […]
Manufacturer – $7MM – Done Deal
The Customer Manufacturing Company Challenge Debt service coverage ratio (DSCR) was tight at roughly 1:1, with declining financial performance. The company was experiencing reduced order volumes from its largest customer. The specialized equipment required financing that aligned with uncertain revenue projections. Done Deal FNC structured progress payments to the vendor, allowing the company to match […]
Aerospace Manufacturer – $7MM – Done Deal
The Customer Aerospace Manufacturer Challenge A company had an end-of-term lease maturity approaching. Liquidity was tight, making it difficult to cover the payoff amount. The equipment coming off lease was used, requiring appraisal to determine its value for financing. Done Deal FNC appraised the equipment and structured financing that covered the maturity amount due and […]
Port Operator – $15MM – Done Deal
The Customer Established Port Operator and general contracting stevedore in Southern California. Engages in stevedoring and marine terminal operations on behalf of major shipping alliances. Leading provider of comprehensive solutions for East Asian shipping companies. Services include: Lifting containers on and off customers’ vessels docked at the Port’s berths. Coordinating the truck and rail transport […]
FIRST NATIONAL CAPITAL PROVIDES $65 MILLION CAPEX FACILITY TO NATIONAL TRANSPORTATION COMPANY
IRVINE, Calif., (July 10, 2024) – First National Capital Corporation (FNCC), a full-service commercial equipment and aviation finance provider, has announced the establishment of a $65,000,000 capex facility to fund the rolling stock acquisition needs of a national transportation company. The transportation company sought to modernize its fleet to enhance market competitiveness and provide customers […]
Publicly Traded Energy Infrastructure Company
The Customer A global energy infrastructure company that focuses on providing modernized, cleaner, and more efficient energy solutions, particularly natural gas. It aims to rapidly replace heavier-emission fuels with natural gas and renewables. They target emerging markets where there is a high demand for energy infrastructure development and a shift towards low-carbon energy sources. They […]
Synthetic Biotechnology Company
The Customer Artificial intelligence powered synthetic biology company The Challenge Company looking to preserve cash within a challenged market of raising capital Company had very little revenue. Company was waiting to recognize milestone payments from their customer’s drug submission. Done Deal. FNC approved $8,000,000 in financing for various lab and testing equipment. FNC was growing […]
