First National Capital Provides Credit Approval of $7.00 Million in 48 Hours

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First National Capital Corporation (FNCC), a full-service commercial equipment and aviation finance provider, has announced that they successfully credit approved a $7,000,000 transaction for used drilling rigs and the upgrades to those rigs in less than 48 hours from submission.

First National CEO Keith Duggan stated “We pride ourselves on being responsive and meeting our clients demands. This was not anywhere close to an Investment Grade credit, yet we still were able to thoroughly examine the credit and collateral in a very short timeline to insure the client’s demands were met. This was partially a result of our expertise in the Oil and Gas space, but also a statement of our commitment to exceptional service”.

The customer stated “In addition to meeting very tight timelines, First National Capital has been extremely responsive in funding vendor payments, reimbursing out of pocket expenses and providing exceptional service. In summary First National Capital and their Oil & Gas Team have exceeded our expectations and are truly professional. I would highly recommend other companies in the O&G space to use First National Capital for all of their equipment finance needs.”

With offices in Foothill Ranch, California; Houston, Texas; and Seattle, Washington, First National Capital Corporation provides cost-effective equipment finance and leasing solutions to a wide range of capital-intensive industries including aviation, construction, manufacturing, energy and mining, healthcare, technology, retail and wholesale. The Company’s unique capital structure allows us to provide an aggressive cost of funds to a more diversified range of credit profiles.

For more information, please visit the First National Capital Corporation website at

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Robert Hodgson - CFO
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