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 to achieve your goals.
The client, a rapidly growing dental service organization based along the West Coast, had previously used equipment leasing to support their growth and acquisition strategy. After acquiring additional dental practices, they sought a sale leaseback structure to replenish their liquidity and invest in renovations for the new office locations. Knowing our industry reputation, a Relationship Manager at RBC Capital Markets introduced the client to First American.
First American presented the client with a $30M sale leaseback structure that was used to monetize equipment purchases from the previous 12 months, including assets purchased by a practice before it was acquired by the client. The client was delighted that First American executed so quickly on this large dollar amount, as the funding was completed within two months. Additionally, First American was able to reimburse equipment that had been purchased across multiple states, something that other lessors did not offer.
First American’s financing solution reimbursed the client for their equipment purchases and renovations across dental offices in 20 states nationwide. Through the financing program, they were able to standardize the software and equipment in these offices and continue providing high-quality dental care to thousands of patients across the country.