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Leasing & Financing

Whether you are a business executive looking to invest in new equipment or a vendor seeking financing options for your clients, you can leverage flexible financing through First American.

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Case Studies

See firsthand how organizations have achieved their goals with customized financing from First American.

Hear From Our Clients

Construction | Construction Equipment

Client Simplifies and Saves with a Sale Leaseback Solution

Fast Facts

Industry

Construction

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Organization

Harrison & Burrowes Bridge Constructors Inc., Albany, NY

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Client Since

2018

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Equipment Financed

$2,000,000 in construction assets including a crane, fleet vehicles, trailers, and excavators

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Financing Structure

48-month finance lease

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Industry

Construction

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Organization

Harrison & Burrowes Bridge Constructors Inc., Albany, NY

Building Icon

Equipment Financed

$2,000,000 in construction assets including a crane, fleet vehicles, trailers, and excavators

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Working with Multiple Lenders Bogs Down Equipment Acquisition and Payment Processes

Heavy equipment is foundational to Harrison & Burrowes' highway civil construction operations. With 12 separate loans for various equipment, they sought a more efficient way to manage these essential purchases. Recognizing an opportunity to streamline and cut costs, their RBC Wealth Management financial advisor referred them to First American for a refinancing solution.

"We had 12 equipment loans, writing 12 different checks every month. And it just became a bit of a nuisance."

– Chris Distefano, Vice President, Harrison & Burrowes

First American customized a 48-month finance lease with a sale leaseback structure that allowed the client to consolidate multiple loans into a single monthly payment.

Quick Solutions with Customized, Concierge-Style Service

To simplify the financing process, First American customized a 48-month finance lease with a sale leaseback structure that allowed the client to consolidate multiple loans into a single monthly payment. Additionally, when the client urgently needed to replace a service truck, First American demonstrated responsive and efficient customer service by securing financing within one business day, effectively minimizing downtime.

Working with Multiple Lenders Bogs Down Equipment Acquisition and Payment Processes

Heavy equipment is foundational to Harrison & Burrowes' highway civil construction operations. With 12 separate loans for various equipment, they sought a more efficient way to manage these essential purchases. Recognizing an opportunity to streamline and cut costs, their RBC Wealth Management financial advisor referred them to First American for a refinancing solution.

"We had 12 equipment loans, writing 12 different checks every month. And it just became a bit of a nuisance."

– Chris Distefano, Vice President, Harrison & Burrowes

Quick Solutions with Customized, Concierge-Style Service

To simplify the financing process, First American customized a 48-month finance lease with a sale leaseback structure that allowed the client to consolidate multiple loans into a single monthly payment. Additionally, when the client urgently needed to replace a service truck, First American demonstrated responsive and efficient customer service by securing financing within one business day, effectively minimizing downtime.

Client Realizes $120K in Annual Savings and Avoids Costly Downtime

By combining 12 separate loan payments into a single monthly payment, the client realized $120K in annual savings. In addition, the client saved days, or even weeks, of potential downtime when First American quickly coordinated financing to replace equipment that unexpectedly failed.

“The biggest appeal with signing with First American was the money we were saving, $10,000 a month. That's right to the bottom line.”

– Chris Distefano, Vice President, Harrison & Burrowes

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