First American Equipment Finance Announces 46% Growth in New Business Volume
Fairport, NY Company Adds 30 New Positions
Fairport, NY, March 8, 2017 – First American Equipment Finance announced that in fiscal 2016, the company grew new business volume by 46%, which is the company’s 4th straight year of greater than 25% growth. New business grew to $605 million in 2016.
First American added 30 new positions last year, growing from 160 employees to 190 – and the company is continuing to hire new talent, expecting to expand by 25 new positions in 2017. Forty percent of the newly-hired employees in 2016 were the result of employee referrals.
“Our success is thanks to the hard work and dedication of our growing team,” said Alan Sikora, CEO. “Our colleagues have passion to accomplish great things in business and in life. I am so grateful to work beside such genuine and ambitious business professionals.”
First American colleagues help large businesses and nonprofit organizations across the U.S. with their equipment leasing and finance needs. The company has pioneered a unique, technology-enhanced client experience to differentiate itself in a crowded marketplace. Clients of First American enjoy a 100% paperless experience, an online lease tracking portal and an equipment trade-in program, all while accessing on-demand video conferencing with First American specialists focused exclusively on their industry.
About First American Equipment Finance
First American Equipment Finance is a wholly owned subsidiary of Los Angeles, CA-based City National Bank. First American is ranked among the largest equipment finance companies in the United States, and provides commercial equipment financing to the most creditworthy and sophisticated commercial borrowers in the country.
www.faef.com
The company has been recognized by FORTUNE/Great Place to Work, including the Best Medium-Size Companies (#14), Best Workplaces for Women (#36), Best Workplaces in Finance and Insurance (#8), Best Workplaces for Giving Back (#26), Best Workplaces for New College Grads (#41), and Best Workplaces for Millennials (#16). First American has furthermore been named by ENTREPRENEUR Magazine as a Top Company Culture (#14) and by Best Companies Group as one of the Best Places to Work in New York (#2).