Organization: Automotive Manufacturer in MO

Client Since: 2024 

Equipment Financed: Production Equipment

Financing Structure: 48 month, $1 Purchase Option 

Cash Reimbursement on Purchased Assets

An automotive manufacturer recently acquired a new washer and production equipment, which had been operational for about six months. Recognizing a need for increased liquidity, the organization sought an alternative financing solution to improve their cash position before year-end. First American stepped in with a comprehensive sale leaseback solution, providing the necessary funds and meeting the client’s financial needs.

Satisfaction with Swift Solutioning 

Eager to diversify their financing strategy, the client was keen to add a new lender and move quickly. As a client of RBC, First American’s ultimate parent company, they felt confident in the proposed reimbursement solution. Through concise and collaborative efforts, the transaction was completed within three weeks, allowing the client to have the cash back on their books to support end-of-year priorities.

Organization: Dispensed Beverage Equipment Manufacturer in IL

Client Since: 2024

Equipment Financed: Forklifts, Trucks and Trailers,  

Financing Structure: 60 month, Fixed Purchase Option

Sustainable Financing for Equipment Upgrades

In a heavy purchase cycle and facing increased capital expenditures, this beverage equipment manufacturer sought financing options instead of large cash outlays for new equipment. To avoid overexposure with their primary bank and other lenders, they engaged First American. The relationship was built on First American’s ability to offer app-only approvals and appetite for soft costs, leading the client to pursue a more sustainable financing solution.

Establishing an Efficient Workflow

Building trust with the First American team began with smaller transactions and beneficial lease customizations that supported a preferred payment structure. The client greatly benefited from having a dedicated project manager who coordinated multiple vendors and was a singular point of contact for support. Experiencing seamless operations during a continued growth period, the client approved a lease line strategy. This approach enables flexible financing that can be accessed as purchase needs arise, allowing for a more efficient workflow.