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 to achieve your goals.
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 to achieve your goals.
Discover how we can help streamline your capital projects through our equipment financing solutions.
Integrated vendor financing programs—designed to simplify your customers' purchasing experience. Explore how our vendor programs can help you sell more, faster.
Transform the way you manage expenses and close your books faster with the City National Visa Commercial Card program presented by First American.
Gain valuable insights by working with finance experts aligned to your industry.
Tap into the strength and expertise of one of the largest equipment finance companies in the U.S.
Connect with a financing expert to discuss your organization's needs today.
Higher Education | Deferred Maintenance
With today’s college students expecting state-of-the-art amenities and technology, modernizing aging buildings is essential to Cornell’s recruitment and retention strategies. McLennan College Hall, built in 1857, is one of Cornell College’s oldest buildings, housing both offices and classrooms. Renovation plans called for creation of a new finance lab and updates to the HVAC system, bathrooms, classroom audiovisual equipment, and carpeting as well as structural updates to make entryways ADA-accessible. While fundraising efforts moved the needle significantly for the $3.6 million renovation, additional monies still were needed to get the project to the finish line on time.
– Dan Layzell, CFO, Cornell College
– Dan Layzell, CFO, Cornell College
Cornell College needed a solution that allowed them to plan for future growth but also respond quickly to emerging priorities. First American’s lease line provided an ideal solution to fund large, planned projects—such as the deferred maintenance on McLennan College Hall— while still permitting the flexibility needed to address unexpected, critical projects as they arose. The lease line also eliminated the need to underwrite individual projects, which reduced turnaround time to documentation, enabled quicker reimbursements, and minimized the risk of project delays due to untimely vendor payments.
With today’s college students fully expecting state-of-the-art amenities and technology, modernizing aging buildings is essential to Cornell’s recruitment and retention strategy. McLennan College Hall, built in 1857, is one of Cornell College’s oldest buildings, housing both offices and classrooms. Renovation plans called for creation of a new finance lab and updates to the HVAC system, bathrooms, classroom audiovisual equipment, and carpeting as well as structural updates to make entryways ADA-accessible. While fundraising efforts moved the needle significantly for the $3.6 million renovation, additional monies still were needed to get the project to the finish line on time.
– Dan Layzell, CFO, Cornell College
Cornell College needed a solution that allowed them to plan for future growth but also respond quickly to emerging priorities. First American’s lease line provided an ideal solution to fund large, planned projects—such as the deferred maintenance on McLennan College Hall— while still permitting the flexibility needed to address unexpected, critical projects as they arose. The lease line also eliminated the need to underwrite individual projects, which reduced turnaround time to documentation, enabled quicker reimbursements, and minimized the risk of project delays due to untimely vendor payments.
-– Dan Layzell, CFO, Cornell College
McLennan College Hall houses nearly 30 faculty offices and numerous classrooms. The renovations will bring this historic building into the 21st century while enhancing teaching, learning, and the physical comfort of all who use it. With this multi-faceted project, First American demonstrated that they offer more than just competitive rates and terms, positioning themselves as a long-term resource for Cornell’s future objectives.
– Dan Layzell, CFO, Cornell College
What could you do with more funding?
From capital projects to equipment purchases, learn how First American can help fund your organization's needs.