SOURCE: First City Capital

May 01, 2008 16:44 ET

First City Capital Expands Credit Availability, Lowers Equipment Finance and Lease Rates

Equipment Leasing Company Provides Innovative Equipment Financing Solutions for Business Owners

IRVINE, CA--(Marketwire - May 1, 2008) - First City Capital, an equipment leasing and financing company headquartered in Irvine, California, announced today 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 City has lowered equipment finance and lease rates, and enhanced transaction processing efficiency.

The expanded credit capacity provides a complement to First City Capital's other product offerings, which include working capital loans, new and used equipment leasing and vendor financing. Their primary goal is to continue giving customers equipment leasing and finance options in a tighter economic environment. "We've developed a strategy to support business growth while bank lending is contracting," said Dan Duenas, president of First City Capital.

According to Mr. Duenas, First City Capital has widened its credit window to meet the needs of medium and large businesses with commercial transactions as well. There is now less financial data required for equipment financing and leasing application requests up to $300,000 as well as more competitive rates.

First City Capital has reduced documentation requirements to make the application process faster and more convenient. Most transactions will be considered with a one-page application. "Our aim is to provide a pleasant and efficient experience for customers and vendors," Duenas said. "To business owners across the nation: First City Capital is here to help."

For more information, or to apply for equipment financing online, please visit www.firstcitycapital.com.

About First City Capital:

First City Capital is a direct provider of equipment leasing and finance services for businesses nationally. They are committed to remaining an industry leader by delivering quality financial products and services in an efficient, cost-effective, convenient and customer-friendly manner.