1. Simplify Implementation

Equipment upgrades and replacements are inevitable. Identifying potential financing partners, soliciting proposals, conducting due diligence, and analyzing financing terms for each and every project is too time-consuming. Instead, many manufacturers choose a lease line of credit to save time and simplify their process. A lease line of credit is a pre-approved credit facility that can be used to fund various projects over a period of time. They eliminate the need to conduct due diligence on every project. Make one decision on a lease line rather than many decisions for many projects.

2. One Fixed Payment

Rather than paying for capital equipment with a large initial capital investment and paying maintenance costs each year thereafter, a lease line allows manufacturers to finance the entire solution by bundling all project costs into one single, fixed monthly payment. Lease lines are typically set up for 12-18 months at a time and can be set up in advance of the project(s).

3. No Fees

A lease line gives you the freedom to use as much or as little as you need. With First American’s lease line product, you will never pay any under- or non-utilization fees. Your lease line will be there to cover any equipment, software, service, or build-out projects that you’re planning throughout the year. Learn more: www.faManufacturingFinance.com/leaseline

ABOUT FIRST AMERICAN MANUFACTURING FINANCE
First American Manufacturing Finance is a part of City National Bank. First American provides simple, innovative financing solutions for complex projects. First American specializes in combining products and services from multiple vendors and service providers into a single equipment lease. First American has a long-standing reputation for professionalism and exceptional service throughout the U.S.