Cash Reimbursement 

Put cash back on your books at the end of the fiscal year while maintaining use of your assets. 

Cash Reimbursement

Cash Reimbursement

At the end of a fiscal quarter, and especially at the end of a fiscal year, utilizing a cash reimbursement with First American can help your organization:

  • Maintain Debt Ratings
  • Avoid Bank Covenant Violations
  • Improve Liquidity Ratios
  • Consolidate Capital Acquisitions Onto One Lease
  

How Does It Work?

In a cash reimbursement, also known as an equipment sale-and-leaseback, you sell your equipment to a lessor, and the lessor reimburses the firm 100% of the original purchase price of your equipment. You continue the use of your equipment and use the cash for:

  • Growth Initiatives
  • Strategic Projects
  • Debt Reduction
  • Strengthened Cash Position

In addition to equipment–software, services, and build-out expenses are also eligible for cash reimbursement.
 

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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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