Our Services - Specialized Leasing Options - Education

Specialized Leasing Options - Education
First American understands that educational institutions face unique equipment and budgetary challenges. We offer a variety of lease structures, such as on- and off-balance- sheet leases, step leases, skip leases, and deferred rentals to cater to your specific needs. First American specializes in projects involving multiple suppliers and varied installation schedules.

Expand Your Options
Leasing provides educational institutions with financing that matches the useful life of the equipment better than traditional or bond financing. Leases also provide greater flexibility and allow you to easily make upgrades, additions, and modifications to the leased equipment, or simply return it. Leasing is the ideal way to insure against technology obsolescence.

Why Leasing is Often Your Best Choice
Leasing allows you to lock in your rate, eliminating the risk of rising market rates. A lease line can be established that is separate from your school’s cash management facilities and has little or no impact on your balance sheet or existing debt covenants. Large projects involving multiple suppliers and long installation periods can be easily combined into a single transaction by First American. This enables you to obtain the equipment your school needs on your own timetable, rather than your budget’s timetable.


	No Fees First American provides straightforward, efficient leasing solutions. With timely rental payments, you’ll never pay fees again. No exceptions. No application fees No documentation fees No UCC filing fees No origination fees No restocking fees No multiple location fees No legal review fees No credit underwriting fees Contact your Commercial Account Officer to learn about other ways First American can help you spend less time obtaining financing, and more time running your business.


	Convenience We understand how busy you are, so we have streamlined the paperwork process. In the 1990s, First American pioneered the Simplified Paperwork Package™ and Rapid Turnaround Process™. Today, we continue to lead the industry with the development of electronic lease documentation and billing, and online asset management resources to give you 24 x 7 access to important account information through our Customer Connect™ Web link. If there is a way to make things easier for you, First American will do it.

Types of Assets Financed:

Computer hardware and software

Network security systems

Student notebook programs

Telecommunications equipment

Athletic, stadium, and fitness equipment

Video and broadcasting equipment

Medical and laboratory equipment

More…

Hear From Our Customers

Alan Candiotti, Ph.D.
Assistant Vice President, University Technology
Drew University

“I have been very happy with the service from First American. They allow us to obtain the equipment we need from vendors of our choice, and then finance it at favorable rates, with favorable end-of-lease terms. Whenever we have initiated a new lease schedule, First American has accommodated us with prompt and detailed service. I recommend them very highly.”

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