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Leasing & Financing

Whether you are a business executive looking to invest in new equipment or a vendor seeking financing options for your clients, you can leverage flexible financing through First American.

Case Studies

See firsthand how organizations have achieved their goals with customized financing from First American.

Food & Beverage | Bagging Line

A Sweet Deal: Legendary Candy Manufacturer Expands Production Line

Fast Facts

Industry

Food & Beverage

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Organization

Impact Confections, Janesville, WI

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Client Since

2022

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Equipment Financed

$1,250,000 bagging line, including conveyers, metal detectors, and software integration

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Financing Structure

60-month fixed purchase lease

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Industry Specific Fact

Impact Confections has been making iconic Circus Peanuts since 1919, and also makes the popular candy, Warheads.

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Industry

Food & Beverage

Star icon

Organization

Impact Confections, Janesville, WI

Building Icon

Equipment Financed

$1,250,000 bagging line, including conveyers, metal detectors, and software integration

Money icon

Impact Confections Races to Secure Bagging Machines

Impact Confections, a century-old maker of one of the country’s most iconic candies—Circus Peanuts—was in a race to acquire two bagging machines to complete their Wisconsin manufacturing facility. Typically, the specialized machines are manufactured in Germany, but those machines can take up to a year to arrive. When the company learned that two of the machines were available in the U.S., they needed to act fast and secure funding in order to avoid 8-12 months of costly downtime.

A fast turnaround to purchase the bagging machines was imperative to increasing production and outpacing the competition.

With financing from First American, the candy manufacturer was able to acquire the equipment in a short timeframe and keep cash on hand for more immediate needs.

Expedited Funding and Deferred Payments are a Winning Combination

First American worked quickly with Impact Confections to develop a financing solution to meet their needs, releasing funds just weeks after receiving the signed lease proposal. In addition to the fast turnaround, First American deferred the lease payments until the bagging equipment was delivered so that Impact Confections could avoid upfront costs. The candy manufacturer was also able to maintain liquidity and mitigate tax liability by deducting rental payments as an operating expense.

Impact Confections Races to Secure Bagging Machines

Impact Confections, a century-old maker of one of the country’s most iconic candies—Circus Peanuts—was in a race to acquire two bagging machines to complete their Wisconsin manufacturing facility. Typically, the specialized machines are manufactured in Germany, but those machines can take up to a year to arrive. When the company learned that two of the machines were available in the U.S., they needed to act fast and secure funding in order to avoid 8-12 months of costly downtime.

A fast turnaround to purchase the bagging machines was imperative to increasing production and outpacing the competition.

Expedited Funding and Deferred Payments are a Winning Combination

First American worked quickly with Impact Confections to develop a financing solution to meet their needs, releasing funds just weeks after receiving the signed lease proposal. In addition to the fast turnaround, First American deferred the lease payments until the bagging equipment was delivered so that Impact Confections could avoid upfront costs. The candy manufacturer was also able to maintain liquidity and mitigate tax liability by deducting rental payments as an operating expense.

With financing from First American, the candy manufacturer was able to acquire the equipment in a short timeframe and keep cash on hand for more immediate needs.

The results

Investment Pays Off with Immediate Efficiency Improvements

The results

Investment Pays Off with Immediate Efficiency Improvements


Up to 99%

of output efficiencies produced by the bagging machines

The bagging equipment quickly proved its worth, leading to target output efficiencies of up to 99%. An advanced film control reduced waste to as low as 2.5%—contributing to Impact Confection’s sustainability goals—and a patented tube closer reduced the amount of human labor required. A sweet victory for all involved.


8-12 Months

of costly downtime saved

The client avoided a year of non-production by securing funding with First American and avoiding the wait for new equipment from Germany.


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