First National Capital reports record annual fundings

First National Capital Corporation achieved a record annual funding volume of $448 million for 2024, marking a significant milestone in its commercial equipment and aviation financing operations.

First National Credit Corporation (FNCC) achieved record growth amid a challenging lending environment, as many competitors tightened credit criteria or exited the market, Keith Duggan, chief executive of FNCC, said in a Jan. 13 release. Duggan credited the achievement to the company’s dedicated team and its ability to provide innovative and flexible financing solutions tailored to meet clients’ diverse capital needs,

“This milestone reflects our commitment to problem-solving and delivering value, even in dynamic economic conditions,” Duggan said.

Specializing in competitive financing across various industries, FNCC offers customized solutions to support businesses’ credit and capital requirements and stands as the sixth-largest independent finance and leasing company in the United States, according to the company. The company’s expertise spans equipment, projects and aviation financing, with nearly $4.5 billion in capital deployed to companies across the U.S. and Canada, according to the release,

FNCC’s record-breaking year underscores its position as a leader in the industry, driven by its focus on client success and adaptability in addressing market challenges, Duggan said.

The third annual Equipment Finance Connect at the JW Marriott Nashville in Nashville, Tenn., on May 14-15, 2025, is the only event that brings together equipment dealers and lenders to share insights, attend discussions on crucial industry topics and network with peers. Learn more about the event and register here.

Podcast: Interest rates separating asset financiers from balance sheet lenders

Toro Co. lawnmowers containing Briggs & Stratton Corp. motors are displayed for sale at The Mower Shop in Louisville, Kentucky, U.S., on Tuesday, July 21, 2020. Briggs & Stratton can initially borrow as much as $178 million under its proposed bankruptcy loan, but a judge denied a request to seal the letter outlining JPMorgan Chase & Co.'s fees for arranging the financing.

Lender Operations

Toro earnings rise 19.4% as professional sales grow

September 3, 2026

Transport trucks carry freight containers at an industrial park in Montreal, Quebec, Canada, on Friday, Aug. 25, 2023. The industry shed more than 20,500 driver jobs in the first three months of this year, according to a Trucking HR Canada report.

Lender Operations

Accion Opportunity Fund expands equipment financing with $350K leases

September 2, 2026

Lender Operations

Equipment lenders turn to healthcare sector for portfolio growth

August 28, 2026

Electric Vehicles (EV) at the Amazon Delivery Station in Maple Valley, Washington, US, on Thursday, March 14, 2024.

Amazon places its largest electric truck order

Stay Informed With Our 8 Newsletters

Email address:

First Name:

Last Name:

Select Which Newsletters You Want to Receive:

Equipment Finance News Daily Newsletter - Breaking news published within the last 24 hours

Equipment Finance News Weekly Newsletter - A roundup of all stories published during the week

Agriculture News Alert - Monthly updates on ag equipment, OEM trends, and dealer performance

Lenders News Alert - Monthly updates for finance providers on credit, funding, and lender activity

Construction News Alert - Monthly updates on construction equipment demand, rentals, dealers, and financing

Material Handling News Alert - Monthly update on financing trends shaping the material-handling sector

Transportation News Alert - Monthly updates on trucking, vocational vehicles, and market indicators impacting transportation assets

Rentals News Alert - Monthly updates on rental market trends, utilization, rate shifts, fleet investments, and rental company performance

Subscribe to Our Newsletters