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First National Capital, U.S. Leasing & Equipment Finance Launch Buy Desk Initiative

February 27, 2020, 07:10 AM

First National Capital Corporation (FNCC) and U.S. Leasing and Equipment Finance (USLEF), both full-service commercial, education, aviation and healthcare lease and finance providers, announced a new initiative to provide capital to third-party originators and lease finance brokers to support their growth and client commitments for transactions between $250,000 and $25 million.

This new initiative will be headed by Justin Kiluk, President of USLEF, and supported by the extensive infrastructure and capital base of FNCC. The companies are affiliated through common ownership.

Keith Duggan, CEO and founder of FNCC, stated, "We are very excited about this new initiative. We believe there is a large underserved market in the broker/small ticket finance community for structuring, credit and capital availability for larger and more complex transactions, including the more challenged credit profiles.”

Duggan added, "With over $2.55 billion of funded transactions in our history, FNCC knows how to ‘Get Deals Done.’ As a broker/vendor or third-party originator, that is what you want for your client, ‘Get Our Deal Done.’ With over 30 years of experience in the equipment finance industry, Justin is the perfect candidate to head this initiative. Combined with FNCC's excellent credit and documentation teams, we plan on delivering superior service to this new market opportunity."

Across a wide variety of industries and asset classes, FNCC 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 $2.55 Billion in capital to companies throughout the U.S. for equipment, project and aviation financing.

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