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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

Financing for a Strong Finish and Smart Start

Welcome to our digital resource hub!

Welcome to our digital resource hub!

We’ve curated the below collection of materials exclusively for you, focused on financing strategies and for insurance organizations. Discover how First American’s custom financing solutions can help ensure a strong finish to 2024 and a smart start to 2025.

Industry Insights

Featured Industry Insights

5 End-of-Year Strategies to Consider

As the year winds down and economic conditions continue to shift, insurance organizations must make strategic financial decisions to support their long-term growth. 

With forecasts of decreasing market interest rates and opportunities to optimize capital expenditures, consider how these five strategies can help you navigate challenges, seize opportunities, and set the stage for lasting success in 2025 and beyond.

Amid a fluctuating rate environment, diversifying your lending options can provide greater flexibility and access to competitive terms—minimizing risk and helping your organization adapt to changing needs.

Establish a lease line for 2025 now to secure flexible funding and proactively manage initiatives. With a floating rate until project completion, you may be able to capture savings if market rates drop, access capital when needed, and optimize your investment strategy.

Customize payment structures to match your firm’s seasonal cash flow or budgetary needs. Flexible options like deferred or step payments enable you to invest in critical equipment while easing year-end budget constraints.

Evaluate potential tax incentives and deductions for equipment purchases. Taking advantage of Section 179 or other tax provisions can reduce your tax burden while allowing you to make essential capital investments.

Maximize your firm’s cash flow before year-end by leveraging a sale leaseback for equipment purchased within the last 12 months. This approach allows you to convert existing assets into immediate cash to position your company for greater financial flexibility heading into 2025.

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Amid a fluctuating rate environment, diversifying your lending options can provide greater flexibility and access to competitive terms—minimizing risk and helping your organization adapt to changing needs.

Establish a lease line for 2025 now to secure flexible funding and proactively manage initiatives. With a floating rate until project completion, you may be able to capture savings if market rates drop, access capital when needed, and optimize your investment strategy.

Customize payment structures to match your firm’s seasonal cash flow or budgetary needs. Flexible options like deferred or step payments enable you to invest in critical equipment while easing year-end budget constraints.

Evaluate potential tax incentives and deductions for equipment purchases. Taking advantage of Section 179 or other tax provisions can reduce your tax burden while allowing you to make essential capital investments.

Maximize your firm’s cash flow before year-end by leveraging a sale leaseback for equipment purchased within the last 12 months. This approach allows you to convert existing assets into immediate cash to position your company for greater financial flexibility heading into 2025.

The remainder of 2024 is an optimal time for insurance companies to strengthen their financial position. The strategies above can help you navigate challenges, seize opportunities, and set the stage for lasting success in 2025 and beyond.

The remainder of 2024 is an optimal time for insurance companies to strengthen their financial position. The strategies above can help you navigate challenges, seize opportunities, and set the stage for lasting success in 2025 and beyond.

Commonly Financed for Insurance Organizations

  • Office Buildouts & Renovations
  • IT Hardware & Infrastructure
  • Software & Service Subscriptions
  • Multi-Phase Software Projects

Commonly Financed for Insurance Organizations

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Office Buildouts & Renovations

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IT Hardware & Infrastructure

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Software & Service Subscriptions

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Multi-Phase Software Projects

Client Spotlight

Organization

P&C Insurance Carrier 

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Location

Raleigh, NC

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Project Scope

$1MM Lease Line for Hardware, Software, & Servers

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The Challenge

An insurance company in North Carolina needed to quickly purchase more equipment as they transitioned to a hybrid work model.

The Solution

Their existing lease line with First American allowed them to buy VPNs, hardware, and software to support their workforce and minimize disruption. Additionally, by utilizing their online account, they were able to quickly place purchase orders, execute lease documents, communicate with their First American team, and more—all within one digital platform. 

Organization

P&C Insurance Carrier 

Building icon

Location

Raleigh, NC

Location Icon

Project Scope

$1MM Lease Line for Hardware, Software, & Servers

Financing scope icon

The Challenge

An insurance company in North Carolina needed to quickly purchase more equipment as they transitioned to a hybrid work model.

The Solution

Their existing lease line with First American allowed them to buy VPNs, hardware, and software to support their workforce and minimize disruption. Additionally, by utilizing their online account, they were able to quickly place purchase orders, execute lease documents, communicate with their First American team, and more—all within one digital platform. 

Financing for the Modern Office

Explore a collection of materials, focused on office buildouts and renovations for insurance companies. Learn how our custom financing solutions can help you create vibrant, adaptable workspaces that drive long-term success.

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Office space

IT Leasing Resources

Uncover resources focused on IT and office equipment leasing for insurance organizations. Discover how our custom financing solutions enable you to stay ahead with the latest technology, help ensure cybersecurity, and achieve budget predictability.

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Commercial Card Program

First American presents City National Bank’s Visa® Commercial Card. A City National Bank Visa® Commercial Card allows businesses to customize their program to meet their specific needs. Used as a business credit card for everyday expenses or a purchasing card for travel and entertainment, this card program offers convenient buying power along with the ability to easily monitor and manage employee expenses online.*

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Interested in Learning More?

Connect with Sonia

Tap into the expertise of one of the country’s largest equipment finance companies.1 Tell me your business needs and we can start exploring funding options today.

 

* All credit cards are subject to credit approval. Terms and conditions apply. See the Commercial Credit Card Agreement and City National Rewards Program Terms, Conditions and Program Rules for details.

† Certain limitations and restrictions apply. Benefits and discounts are subject to change at any time without notice. Ask us for details.

1. Extend refers to both the Extend web solution and the Extend mobile application provided by Extend Enterprises, Inc. The mobile application is available for download in the Apple App Store® and Google Play™ store. This third party service allows you and your employees to extend use of your City National Visa Commercial Card through the application subject to the terms and conditions governing the credit card. Extend Enterprises, Inc. is not an affiliate of City National Bank.

2. Apple Pay® and Google Pay™ are available for in-store, in-app and online purchases on Apple Pay- and Google Pay-equipped devices, respectively, at participating merchants. Data rates and fees may apply. Apple Pay is a registered trademark of Apple Inc. Google Pay is a trademark of Google LLC.

Visa is a registered trademark owned by Visa International Service Association and is used under license.

Equipment financing and leasing are offered by First American Equipment Finance, a subsidiary of City National Bank, and are subject to credit approval by, and documentation acceptable to, First American Equipment Finance. City National Bank does business in the State of Florida as CN Bank. For California clients: Loans made or arranged pursuant to a California Finance Lenders Law license.

 

1Source: 2023 Monitor 100, Ranked by New Business Volume