FIRST NATIONAL CAPITAL CLOSES $24MM IN SPECIALIZED EQUIPMENT FUNDING FOR PUBLICLY TRADED HEALTHCARE COMPANY
IRVINE, Calif., (September 4, 2024) – First National Capital Corporation (FNCC), a full-service commercial equipment and aviation finance provider, announced the establishment of a $24,000,000 Equipment Financing transaction to help fund various specialized manufacturing assets of a publicly traded healthcare company. An accelerated 45-day period for decisioning of a complex capital need requiring a long progress payment structure created a funding challenge for the company. First National Capital was able to execute quickly and go beyond the limitations of traditional lending to exceed these requirements while working within their existing covenant structure. Gino Sabeh, SVP of Sales, said, “At FNCC, we pride ourselves on forming