Press | CNBC

12/12/2019

Press | CNBC

Richard LoGuercio, the founder and owner of Town & Country Distinctive Event Rentals & Services in Van Nuys, CA has been in the event rentals business since he was a teenager, when he was looking to make enough money to buy a car.
 
LoGuercio worked for a number of rental companies while he went to school and truly learned the business from the ground up. He opened his first rental in 1981. Town & Country opened for business in April 2005, operating out of a 61,000-square-foot warehouse he purchased in Van Nuys, and he hasn’t stopped since.
 
“Now we have 140 trucks, 32 outside salespeople, more than 700 employees and we’re looking to net $80 million this year,” LoGuercio said.
 
City National Bank helped increase the number of Town & Country trucks on the road by introducing LoGuercio to the truck leasing options available through First American Equipment Finance, a City National subsidiary that has become an integral part of the relationship between City National Bank and Town & Country.
 
“Leasing our trucks rather than purchasing them saved us a lot of money – which gives me a lot more money to spend on inventory – which I love,” said LoGuercio.
 
See the video and extended article here.

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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.

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