First Commonwealth Equipment Finance

First Commonwealth Equipment Finance Logo

Company Info

920 Cassatt Road, Suite 310
Berwyn, PA 19312

Frank Souder

Primary Contact
(724) 463-5650
[email protected]

Robert Boyer

Alternate Contact
(412) 208-7690
[email protected]
First Commonwealth Equipment Finance is a:
Last Update: 02/15/2024

Core Business Focus

Company Type

Bank

Type of Funding Source/Buyer

Investor, Lender

Annual Volume Funded

50-100 Million

Credit Criteria

  • Lower Middle Market
  • Middle Market

Transaction Size

Highest

Average

Lowest

$1,000,000.00

$125,000.00

$20,000.00

Lease Terms

Longest

Average

Shortest

84

60

24

Lease Structures

  • Conditional Sale / Money-Over-Money
  • Debt
  • Tax-Exempt Municipal Lease
  • TRAC
  • Vendor Finance

Originates Paper?

Yes

Syndicates/Sells Paper?

No

Equipment Types We WILL Finance

  • Agricultural
  • Automobile
  • Broadcast / Video
  • Buses
  • Cable / Communications
  • Construction
  • Emergency Vehicles
  • Furniture / Fixtures
  • Graphic Arts
  • Laundry / Drycleaning
  • Machine Tool
  • Material Handling
  • Medical
  • Packaging / Plastics
  • Recreation / Fitness
  • Recycling
  • Renewable Energy
  • Restaurant
  • Retail
  • Software
  • Technology
  • Trucks and Trailers
  • Utility
  • Waste Removal

Equipment Types We WILL NOT Finance

  • Aircraft
  • Gaming
  • Intermodal
  • Marine
  • Mining
  • Modular Buildings
  • Oil and Gas
  • Project Finance
  • Rail

Industry Financing Preferences

Construction, Vocational trucks, Machine Tools

Our Company is a(n):

Asset-Based and Credit Lender

Accepts Soft Assets?

Yes - based on credit strength

Lessor/ Broker Requirements

Minimum of 3 years in business to be considered

ELFA Business Councils

Bank

Start of the Fiscal Year

January