Financing Comparison

First American vs. Traditional Bank Loan

Comparing financing options between a bank and a leasing company is like comparing two totally different solutions. The first thing to consider is the benefits of leasing, including lower cost than purchasing and not having to worry about having outdated, depreciating assets. With so many options available, how can a school identify which company is best equipped to meeting your financing needs? The answer is in being well informed. Schools often view working with their bank as the simple and safest way to finance technology programs. However, there are many details that are often overlooked that your school should consider before selecting your finance partner. 

Below is a helpful guide that demonstrates how First American compares to traditional loans provided by your bank. 

Traditional Bank Loan

When the time comes to make a large investment to improve the educational environment at your school, it is easy to see why schools feel most comfortable working with a traditional bank to secure financing. Banks are generally sound institutions that can help to spread your schools expenses over time at a competitive interest rate, which can be perfect for long term ownership. Banks tend to be a good way to go when your school is looking for cost-effective, long-term ownership of non-depreciating assets. 

First American Education Finance

When your school is considering making an investment in assets with a shorter useful life, such as furniture, technology, or fitness equipment, it may be time to consider leasing. These investments are vital to the experience and education your school can provide, but can quickly become outdated or obsolete very quickly. Leasing over a short term can cost less than purchasing, and you avoid the indirect cost of owning outdated, depreciating assets. 

Why First American?

First American Eucation Finance began as a unique, project-focused equipment leasing company. After more than two decades of helping schools, we are proud to now be part of City National Bank, one of the nation's top financial institutions. To us, that means you get more flexible options, with the security and stability of a large national bank - the best of both worlds. 

With First American, your school receives benefits that will help you better serve your students: 

  • Innovative, Project-Focused Partner
  • Simple, Transparent Terms
  • Asset Management Tools
  • Experts in Education Finance
  • Stability of a Large National Bank
  • Concierge-Style Customer Service
  • Competitive Interest Rates

We understand that this is a major decision for your school and would be happy to walk you through the details of how we compare to traditional vendor financing options. Contact us today to learn more. 


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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. For California clients: Loans made or arranged pursuant to a California Finance Lenders Law license. All trademarks are the property of their respective owners. Additional terms apply and can be found by visiting

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