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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.

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Case Studies

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

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K-12 Education | IT Equipment

A Better Way to Manage Technology for a Growing CMO

Fast Facts

Industry

K-12 Education

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Organization

Charter Management Organization in NYC, NY

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Client Since

2017

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Equipment Financed

$8,000,000 IT lease line for student and faculty technology, smartboards, networking gear

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Financing Structure

$1 buyout, FMV leases

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Industry

K-12 Education

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Organization

Charter Management Organization in NYC, NY

Building Icon

Equipment Financed

$8,000,000 IT lease line for student and faculty technology, smartboards, networking gear

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Educational Network Seeks Financing for Significant Growth Phase

A New York City-based Charter Management Organization (CMO) was looking to create a long-term financing relationship for their rapidly growing school system. The CMO planned to double their number of locations in just five years and wanted to maintain a consistent response to technological needs in and outside of classrooms. While they had previously used cash for technology purchases, their growth trajectory and fast-paced expansion goals required a solution that would bring predictability to their budget over the years to come.

With plans to double their school locations in just 5 years, they wanted a solution to help maintain the technological needs in and outside of the classroom.

A technology lease line provides access to funds that can be used for all types of purchases, including faculty and staff devices, smartboards, and networking equipment.

Custom Financing Keeps Projects on Track

When First American stepped in, the school was preparing to place multi-million-dollar technology orders. Due to the size of the CMO and the volume of “on the horizon” projects, the First American team efficiently turned around custom documentation so that orders could be placed within weeks of the relationship beginning. 

 

The CMO needed a program to finance different types of equipment for their expanding locations and a technology lease line did just that, giving them access to funds that could be used for all types of purchases—from faculty and staff devices for 1:1 programs to smartboards and networking equipment. By having one direct financing resource for all projects, the process was streamlined, reducing lead times and administrative burden which enabled First American to meet needs with quick turnarounds.

 

Additionally, within the lease line, the CMO implemented a three-year device renewal program to make sure that students and faculty had access to the “latest and greatest” classroom technology at each location.

Educational Network Seeks Financing During Significant Growth Phase

A New York City-based Charter Management Organization (CMO) was looking to create a long-term financing relationship for their rapidly growing school system. The CMO planned to double their number of locations in just five years and wanted to maintain a consistent response to technological needs in and outside of classrooms. While they had previously used cash for technology purchases, their current growth and fast-paced timelines now required a financing solution that would bring a level of predictability to their budgets going forward.

Custom Financing Keeps Projects on Track

When First American stepped in, the school was preparing to place multi-million-dollar technology orders. Due to the size of the CMO and the volume of “on the horizon” projects, the First American team efficiently turned around custom documentation so that orders could be placed within weeks of the relationship beginning. 

The CMO needed a program to finance different types of equipment for their expanding locations and a technology lease line did just that, giving them access to funds that could be used for all types of purchases—from faculty and staff devices for 1:1 programs to smartboards and networking equipment. The process was simplified by having one direct financing resource for all projects, allowing First American to meet needs with quick turnarounds.

Additionally, within the lease line, the CMO implemented a three-year device renewal program to make sure that students and faculty had access to the “latest and greatest” classroom technology at each location.

The results

New Device Renewal Program Makes the Grade

The results

New Device Renewal Program Makes the Grade

10+

locations

The lease line solution has continued to enable the CMO to fund their growth, while maintaining a consistent budget each year. Students and faculty at all locations enjoy advanced technology and modern devices.

10,000+

devices under 39 lease schedules

Having an established relationship with First American has given the CMO peace of mind, knowing they have immediate access to funds as equipment needs arise. This flexibility has allowed them to stick to important timelines, get technology in the hands of students quickly, and continue to focus on growth.

With a lease line, the CMO can continue expanding their locations and better serve the NYC education community.

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Financing for What's Next

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