First National Capital, a commercial equipment and aviation finance provider, provided $41.9 million in funding for a coal operation in the southern U.S.

“Quickly funding a large equipment package for a coal company in this environment is a challenge many lenders are unable to solve,” Keith Duggan, CEO of First National Capital, said. “Even as coal prices fell and markets tightened, [the] FNCC sales and credit team worked diligently and accomplished this significant funding in a challenging market. This transaction is an example of our commitment to dig deeper, find solutions where possible and get deals done.”