Software Financing

Full Project Financing For Software Implementations

Software is critical to your operations, allowing your firm to increase efficiencies and stay competitive. 

When it comes to updating your firm's software systems, there is a lot to consider. The upfront expenses are costly and perhaps unplanned. Most banks do not have an appetite for financing software or the soft costs associated with these projects. However, First American enables you to finance the entire solution, including hardware, software, maintenance costs, and implementation services.

Benefits at a Glance: 

 
  • Spread Payments Over Useful Life
  • Receive Low Fixed Rates
  • Preserve Credit Lines
  • Multi-Vendor Financing
  • Keep Software Updated

Commonly Leased Software

  • Accounting Systems
  • Time and Billing 
  • Microsoft and Adobe Subscriptions
  • CRM Licensing
  • Design Software
  • Project Management

How First American can help you..

Leasing the software your firm needs will help you save time and resources. We work with you to create a unique financing solution. 

Tax Lease

A tax lease enables your firm to expense the rental payment(s) of your lease instead of taking standard depreciation, while providing you a known cost of ownership option.  Our tax lease structure is a flexible financing option that is the better-than-cash strategy you need to explore.

Capital Lease

With a capital lease, you can spread out the cost of the project over fixed monthly payments that do not fluctuate during the lease term. At the end of the lease, you would be able to continue use of the software with no further obligation to First American. Under the capital lease, you would take any depreciation benefits as if you paid cash.  

Software Financing through

FIRST AMERICAN

Environmental Firm in CA

$250,000

Deltek Vision Migration

Engineering Firm in AR

$400,000

3-YR Licensing and Maintenance Agreements (AutoCAD + Bentley)

 

 

Construction Firm in NY

$425,000

Annual CRM Licensing

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First American Commercial Bancorp, Inc. is a wholly-owned subsidiary of City National Bank. Deposit products and services are offered by City National Bank Member FDIC. City National Bank is a subsidiary of Royal Bank of Canada. “First American Equipment Finance” is the trade name for certain equipment leasing and finance businesses of First American Commercial Bancorp, Inc. and its subsidiaries. Equipment financing transactions are provided in Canada by FA Equipment Finance, Inc. For California clients: Loans made or arranged pursuant to a California Finance Lenders Law license. All transactions are subject to credit approval. Some restrictions may apply. All trademarks are the property of their respective owners.

© 2021 First American Equipment Finance. All rights reserved.

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