Addressing Multiple Projects
with a Lease Line

Lease Line

Liberal Arts College in the Midwest

Computers, AV Equipment, Networking Equipment, Kinesiology Equipment, and a HVAC System

Lease Line

Additional Resources:


It can be complicated for schools to manage financing with different vendors to purchase equipment throughout the year. A liberal arts college in Iowa was looking for a financing solution to avoid the hassle of negotiating lease terms for equipment from several vendors. With a variety of critical technology and lab equipment needs as well as a long-term HVAC project, the college wanted to combine the multiple projects into one finance facility over the next 12-18 months. 


A lease line from First American gave the school the flexibility to purchase computers, AV, and networking equipment on a needs basis as well as implement a new HVAC system later in the year. The structure enabled the college to align financing with the useful life of the different types of equipment. The college also was able to mitigate interest rate risk by locking in the rate on the day the lease proposal was signed. Leveraging the rate lock helped the college maintain budget consistency.

First American’s team also played a significant role in handling invoices from each vendor and issuing payments. This service saved the college staff a substantial amount of time managing invoices.

The college purchased a variety of technology and lab equipment as well as implemented a new HVAC system with a lease line from First American.

Follow Us

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. For California clients: Loans made or arranged pursuant to a California Finance Lenders Law license. All trademarks are the property of their respective owners. Additional terms apply and can be found by visiting

© 2022 First American Equipment Finance. All rights reserved.