Irvine, CA, July 15, 2025 – First National Capital Corporation (FNCC), a full-service provider of commercial equipment and project finance, today announced the closing of $39 million in innovative financing solutions for a major marine services firm with over 50 years of experience across ship repair, fabrication, and harbor operations.

The client, a well-established marine services company with deep industry roots, partnered with FNCC to support ongoing growth and capital investment. At a critical juncture, FNCC helped the company unlock liquidity by refinancing a sizable MSLP loan through a sale-leaseback of existing assets and securing an incremental line of credit for capital expenditures (capex). Recognizing the need for a tailored solution, the company turned to FNCC for both its customized approach and sector expertise. The result: a comprehensive capital program that enhanced liquidity, satisfied near-term obligations, and enabled continued investment in essential equipment and infrastructure.

This financing package was carefully structured to adapt to the client's evolving operational needs and strategic priorities. The capital supported the acquisition and refurbishment of critical assets, including barge movers, used freight barges, rough terrain cranes, towboats, boom lifts, compressors, and lathes. These investments are essential for maintaining efficient operations and expanding the company's capabilities across its marine and industrial services.

Ben Frank, Chief Revenue Officer, said, "Every client we serve has unique objectives and challenges. At First National Capital, our team uses extensive industry expertise to craft creative financing solutions that support our clients' ambitions today and into the future. True partnership means solving problems together and building lasting value."

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First National Capital Corporation is a recognized leader in tailored equipment and project financing, with over $4.5 billion deployed across North America. FNCC focuses on providing flexible capital to mid-sized and large businesses in the transportation, aviation, marine, energy, industrial, and technology sectors.

For more information, please visit www.firstncc.com.