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First National Capital Announces Record Q4 Fundings

January 22, 2020, 07:09 AM
Filed Under: Company Announcements

First National Capital Corporation (FNCC), a full-service commercial equipment and aviation finance provider, announced record Q4 funding’s of $120 million and $258.5 million for fiscal year 2019. In addition, year-over-year performance in all key categories was exceptional with both new and current customer additions increasing 11 percent, estimated EBITDA growth of 13 percent, and, most exciting, was on balance sheet asset growth of over $25 million for 2019.

“2019 was another terrific year for First National. Our ever-growing team delivered exceptional customer service while meeting our clients continued need for lease and equipment finance alternatives. Delivering a record fourth quarter performance was a great way to end the year, while positioning us for further robust growth in 2020,” said Keith Duggan, CEO and Founder of FNCC.

He added, “This record achievement is only made possible by our superb team of dedicated and knowledgeable professionals, committed to finding sometimes difficult to create solutions for our clients. We remain laser focused on, ‘Getting Deals Done!’”

Duggan went on to state “The true benefits of becoming an ESOP (employee owned company) really took hold in 2019. While many owners, founders and key equity holders in this industry do quite well financially, First National has taken the un-precedented step of allowing every single employee to participate in the ‘equity ownership’ of First National through the ESOP. I think the employees now understand, that ‘part of this company is mine,’ and as such everyone is striving to constantly improve our company, our clients experience and build real value. It’s been exciting to watch the transition over the last four years since completing the ESOP in 2015.”

Across a wide variety of industries and asset classes, First National supports mid-sized and large companies by providing competitive equipment financing across an extensive variety of business and credit situations. FNCC has deployed more than $2.5 Billion in capital to companies throughout the U.S. for equipment, project and aviation financing.

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