First National Capital Provides $10MM Oil Rig Financing



First National Capital provided financing for a NOV Drilling rig for $10 million currently operating in the Permian Basin for one of the largest independent drilling contractors in the U.S.

The customer stated, “We have a significant amount of trust and confidence in FNCC and relied on its knowledge, understanding and expertise within O&G, this is the fourth time that FNCC has provided us with financing for various rigs, top drives and other equipment. Additionally, FNCC was instrumental in arranging a large revolving line of credit with a bank partner. Although we received competitive proposals, those companies’ ability to fund was suspect. FNC’s team has provided us again with competitive terms, excellent service and was able to complete underwriting and funding in record time. We appreciate having a place to take our financing business and get a great customer experience with the best terms available. We realize that the O & G space recently has seen some difficult times, FNCC’s ability to get deals done in both good and not so good times makes them an excellent financial partner.”

Across a wide variety of industries and asset classes, First National Capital supports mid-sized and large companies by providing competitive equipment financing across an extensive variety of business and credit situations.


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Terry Mulreany
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