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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.

Hear From Our Clients

Healthcare | Medical Equipment

Capital Improvements Help Community Health Center Deliver High Quality Care

Fast Facts

Industry

Healthcare

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Organization

Urban Health Plan, South Bronx, NY

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Client Since

2011

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Equipment Financed

$5,000,000+ of medical, dental, and IT equipment

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Financing Structure

60-month, $1 buyout lease

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Industry Specific Fact

Urban Health Plan is a Federally Qualified Health Center (FQHC) that provides care for medically underserved areas and populations

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Industry

Healthcare

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Organization

Urban Health Plan, South Bronx, NY

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Equipment Financed

$5,000,000+ of medical, dental, and IT equipment

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Without Reliable Federal Funding, Access to Capital is Crucial for a Community Health Center

Urban Health Plan is a Federally Qualified Health Center (FQHC) located in the South Bronx area of NY and funded mostly by Medicaid. Without Urban Health Plan’s facilities and services, the only alternative for its low-income patients in the community is a hospital Emergency Room. In order to expand and upgrade their facilities, Urban Health needed access to capital beyond their federal funding allocation, which typically is used for accounts payable and payroll needs.

Leasing Allows Urban Health Plan to Expand and Upgrade Facilities While Preserving Cash

First American worked with Urban Health Plan to implement a flexible Master Lease Program to accommodate their unique needs as an FQHC and allow them to preserve their federal funding for other initiatives. In addition to providing access to capital, First American’s Project Manager seamlessly managed the entire project’s multi-vendor, multi-location equipment upgrades.

“They were integral to our success; without a company like First American, we would not be able to offer all of the services that we provide.”

-– Paloma Hernandez, President and CEO, Urban Health Plan

Without Reliable Federal Funding, Access to Capital is Crucial for a Community Health Center

Urban Health Plan is a Federally Qualified Health Center (FQHC) located in the South Bronx area of NY and funded mostly by Medicaid. Without Urban Health Plan’s facilities and services, the only alternative for its low-income patients in the community is a hospital Emergency Room. In order to expand and upgrade their facilities, Urban Health needed access to capital beyond their federal funding allocation, which typically is used for accounts payable and payroll needs.

"...if you need to buy equipment, First American is there to help you finance those items and leave your bank account strong."

– Frank LaPorta, Chief Financial Officer, Urban Health Plan

“Without First American, I think we would not be able to provide all of the services that we provide because they allowed us to be flexible with the financing.”

– Paloma Hernandez, President and CEO, Urban Health Plan

Leasing Allows Urban Health Plan to Expand and Upgrade Facilities While Preserving Cash

First American worked with Urban Health Plan to implement a flexible Master Lease Program to accommodate their unique needs as an FQHC and allow them to preserve their federal funding for other initiatives. In addition to providing access to capital, First American’s Project Manager seamlessly managed the entire project’s multi-vendor, multi-location equipment upgrades.

The results

Long-Term Relationship and Quality Financing Help Deliver Quality Care

The results

Long-Term Relationship and Quality Financing Help Deliver Quality Care

10+

year relationship working with First American

Since their relationship began in 2011, Urban Health Plan has relied on First American’s industry specialization and flexible financing to open new facilities, acquire upgraded medical and dental equipment, and continue growing as a community health center delivering high quality care to underserved populations.

$15 million+

in equipment financed across more than 10 locations

By using leasing for strategic growth initiatives and preserving federal funding for other needs, Urban Health Plan can continue improving the variety and quality of its services for years to come. 

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Financing for What's Next

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