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.

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