Start-up Charter Company & Flight School
The Customer Start-Up Charter Company & Flight School The Challenge A start up charter company and flight school. The owner added a new CJ3+ & the Flight school added two Diamonds Piston 62’s and 40NG’s trainers to start this operation. The start up company had not even completed a full year of financial statements. We […]
Emergency Services
The Customer Ambulance and EMS Provider The Challenge The company is a subsidiary of a larger parent company. But they have the ability to make decisions to purchase ambulances on the company level. We requested and received internal financial statements with the credit package. We quickly uncovered that the company does not prepare a corporate […]
PE-Backed Healthcare Provider
The Customer Private Equity Sponsored Healthcare Provider The Challenge High growth, needed additional liquidity Equipment was located in 3rd party locations, from physicians offices, to hospitals, to homes Done Deal. We were able to get comfortable with the growth trajectory and story to fund against these essentially unsecured assets Provided a ~$1.8MM Sale-leaseback to provide […]
Medical Transport
The Customer Medical Transport Company The Challenge The client was looking at alternative financing options outside of their traditional bank for additional ambulances that were needed to meet demand and grow their business. They needed 10-12 ambulances with a total cost between $1M and $1.5M for 2022 and again in 2023. Unfortunately, the advent of […]
Precast Concrete
The Customer Precast Concrete Contractor The Challenge The client was an extremely good credit with healthy cash flow and virtually no debt. They wanted to finance 5 cement trucks with the priority being the lowest possible interest rate. They had numerous other finance companies vying for their business due to strong credit Done Deal. First […]
Law Firm
The Customer Southeast US law firm The Challenge Client, who had a balloon coming up on an aircraft, had reduced income for several years from engagement as the lead attorney for plaintiffs in a multi-billion dollar class action suit against the US Government involving contaminated water on military bases in the SE US. Done Deal. […]
Plastics Mfg
The Customer Plastics manufacturer providing a suite of stackable storage bins. The Challenge Emerging from Chapter 11 three years prior to purchase by PE owner Large CAPEX requirement to meet existing customers’ new demand and attain profitability Rising resin costs further challenge margin profile Requested to leverage proprietary molds to generate working capital (an asset […]
Contract Drilling Company
The Customer The company provides contract drilling services to energy companies primarily in the Permian Basin in Texas and in the Oklahoma oil fields. The customer provides drill rigs on contract complete with labor, servicing and power based on a daily rate for the contract. The Challenge As oil industry conditions swiftly changed, bank support […]
Aviation: A BBJ VIP and A Foreign Parent Company
The Customer A leading fiberglass pool manufacturer in the United States, servicing both domestic and international markets, faced a challenge when they needed to upgrade their corporate jet. The company had grown exponentially, and their CEO required additional range and lift to expand their business. However, due to their non-US parent company and the owner’s […]
Medical Equipment Manufacturing
The Customer A medical equipment manufacturing company faced several challenges when it first approached First National Capital for funding. Despite having unique equipment such as fillers and cleaning rooms, traditional banks hesitated to finance their business. However, with the help of First National Capital, Quva Pharma was able to secure funding and continue to expand […]
