IRVINE, Calif. — June 3, 2026 — First National Capital (FNC) today announced the finalized commitment for a $20,000,000 aircraft transaction, refinancing an operator’s entire fleet to free up operating capital and fund upcoming acquisitions. The cash-out component gives the company the liquidity to expand into new industries and build out additional revenue lines, with the aircraft continuing to fly charter and other revenue-producing missions.

The deal sits squarely in territory most lenders avoid. The operator flies high hours and is not enrolled in an engine program — a profile that conventional aviation lenders typically decline outright. FNC is one of the few capital providers that understands how to underwrite this kind of utilization and structure around it.

“Most lenders look at high-time aircraft that aren’t on an engine program and stop the conversation there,” said Keith Duggan, CEO of First National Capital. “We did the opposite. We took the time to understand exactly what this operator was trying to accomplish, then built a solution designed to move the business forward — not just refinance an asset.”

The transaction reflects a broader pace of capital deployment at the firm. In recent weeks alone, FNC has allocated more than $61 million across nine sectors:

About First National Capital

First National Capital is one of America’s leading private credit providers of CapEx and project financing, positioned as The Architects of CapEx Capital. The firm delivers creative, sophisticated capital — including residual-based leases, sale-leasebacks, and customized structures — to middle-market companies across aviation, marine, manufacturing, energy, data centers, and other equipment-intensive industries. With more than $1 billion in completed aviation financing and transaction capacity from $500,000 to $250 million and beyond, FNC moves at the speed of business when traditional lenders can’t.