First Star Capital Expands Credit Availability While Lowering Equipment Finance and Lease Rates
Walnut Creek, CA, June 11, 2008 --(PR.com)-- First Star Capital, a commercial lender with a specialty focus in equipment financing and leasing headquartered in Walnut Creek, California has announced the expansion of its credit facilities. The expansion is specifically targeted to increase credit availability for all business owners and equipment vendors. In addition, First Star Capital has lowered equipment finance and lease rates while continuing to invest in technology that enhances transaction processing efficiency.
The expanded credit capacity provides a complement to First Star Capital’s other product offerings which include new and used equipment financing with seasonal and deferred payment structures, working capital loans, and private label vendor financing. The primary goal is to continue offering attractive equipment leasing and financing options in a tighter economic environment. “We’ve developed a strategy to support business growth while bank lending is contracting,” said Brad Harmon, President of First Star Capital.
According to Mr. Harmon, First Star Capital has widened its credit window to meet the needs of medium and large businesses with larger commercial sized transactions as well. There is now less financial data required for new equipment financing and leasing requests up to $500K. In addition to the stream lined qualification requirements we have also lowered our pricing from a cost of funds standpoint.
First Star Capital has reduced documentation requirements to make the application process faster and more convenient. Most new requests will be considered with a one page credit application. “Our aim is to provide a pleasant and efficient experience for our clients and vendor partners,” Harmon said. “To business owners across the nation: First Star Capital is here to help.”
For more information or to apply for equipment financing please visit www.firststarcapital.com
About First Star Capital:
First Star Capital is commercial equipment leasing firm that works with funding partners nationwide to offer competitive and flexible financing options to businesses in all industries.
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The expanded credit capacity provides a complement to First Star Capital’s other product offerings which include new and used equipment financing with seasonal and deferred payment structures, working capital loans, and private label vendor financing. The primary goal is to continue offering attractive equipment leasing and financing options in a tighter economic environment. “We’ve developed a strategy to support business growth while bank lending is contracting,” said Brad Harmon, President of First Star Capital.
According to Mr. Harmon, First Star Capital has widened its credit window to meet the needs of medium and large businesses with larger commercial sized transactions as well. There is now less financial data required for new equipment financing and leasing requests up to $500K. In addition to the stream lined qualification requirements we have also lowered our pricing from a cost of funds standpoint.
First Star Capital has reduced documentation requirements to make the application process faster and more convenient. Most new requests will be considered with a one page credit application. “Our aim is to provide a pleasant and efficient experience for our clients and vendor partners,” Harmon said. “To business owners across the nation: First Star Capital is here to help.”
For more information or to apply for equipment financing please visit www.firststarcapital.com
About First Star Capital:
First Star Capital is commercial equipment leasing firm that works with funding partners nationwide to offer competitive and flexible financing options to businesses in all industries.
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Contact
First Star Capital
Kimberly Shea
800-604-4817
www.firststarcapital.com
Kimberly Shea
800-604-4817
www.firststarcapital.com
Contact
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