First American Equipment Finance is a company in the finance industry that is fully owned by City National Bank.
This is one of the US largest banks that has over 30 billion in assets only.
It was named among the top one hundred commercial leasing finance companies.
Its headquarters is in Fairport, New York.
Mission and goals
The mission of this company is to make their business grow in a in a professional and a passionate way.
They have always strived to meet the needs of their clients and ensure they are fully satisfied.
They have done this by maintaining long term relationships with other existing banking institutions and customers.
The company has grown over the decades in wealth creation and number of employees.
They currently have over 175 employees who work in different departments.
The employees are dedicated professionals who take pride in bringing new ideas to the developing industry.
They still hire top students from different universities and offer them professional training and responsibilities. The company still has prospects and room for further growth.
This company was founded in 1994 as a subsidiary of city national bank.
Their idea was simply to finance the biggest businesses in the US that are credit worthy.
They have since built a legacy as an organized and performing institution that has given credit even to the most sophisticated borrowers.
This has made them to grow and become successful every year.
Services and client base
Their services have entailed financing businesses in various sectors such as healthcare, legal, insurance, media, food and beverage.
Many of their clients have acknowledged their services and termed them to beyond expectations. They have also strived to build a long lasting rapport with their clients.
This has made them to grow their client base over the years in all the 50 states.
This company has enjoyed financial stability even in the most turbulent economic times.
Whether the economy is contracting or unstable First American’s have been consistent in their lending. This has been associated with well laid down strategies and transparency in their operation.
This is one of the factors that has helped build trust in their clients and created dependability.
First American Equipment Finance Company pioneered the use Rapid Turnaround Process a simplified paperwork package that is used for leasing, billing and asset management.
They have also taken part in many community development projects and won several awards including best for millennial and best in New York