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First National Capital Announces $41.9MM Funding for Coal Mining Company

May 20, 2021, 07:11 AM
Filed Under: Mining

First National Capital Corporation (FNCC), a full-service commercial equipment and aviation finance provider, announced a $41.9 million funding for a coal operation in the southern U.S.

“Quickly funding a large equipment package for a coal company in this environment is a challenge many lenders are unable to solve,” said Keith Duggan, CEO of FNCC. “Even as coal prices fell, and markets tightened, FNCC sales and credit team worked diligently and accomplished this significant funding in a challenging market.”

Duggan added, “This transaction is an example of our commitment to dig deeper, find solutions where possible and get deals done.”

Across a wide variety of industries and asset classes, First National Capital Corporation 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 $2.95 billion in capital to companies throughout the U.S. for equipment, project and aviation financing.

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