Clients

First Leasing Company focuses on corporate clients with excellent credit history, operating track record and financial strength. FLC also offers solutions to medium-sized SME companies on a select basis. FLC does not cover the consumer-retail segment.

Asset Types

First Leasing Company offers leasing and installment payment solutions for a variety of assets and industries, including but not limited to:

• Information technology
• Telecommunication
• Marine vessels, containers and related assets
• Aircraft – commercial and corporate
• Manufacturing, factory
• Office
• Vehicle fleets
• Construction, heavy equipment
• Healthcare – medical, laboratory, clinic, hospital related assets
• Real Estate – development projects, land and buildings

Operating Lease

An Operating Lease is a low-cost per utilization payment facility similar to a long-term rental. The lease term is significantly less than the useful life of the asset being leased. At the end of lease term, the client or lessee has flexibility to :

• Return asset to the lessor
• Purchase the asset for a negotiated fair market value from the lessor
• Extend the lease for another agreed lease term, with a reduced rent payment based upon the then fair market value of the asset. 

The lessee expenses the rental payments of an operating lessee and the asset does not appear on the lessee financial statements – accordingly, operating leases are also described as "off balance sheet financing".

First Leasing Company provides operating Lease structures to its client lessees for a select group of asset classes, typically top-tier manufacturer equipment.

Finance Lease

A Finance Lease is an asset-backed financing facility, typically closely mapped to the economic or depreciable life of the leased asset. The economic ownership of the asset and the risk / reward of ownership lie with the client or lessee. The lessee carries and amortizes the leased asset on its financial statements. The lease payable is also reflected as a liability on the lessee financial statements.

Sale and Lease Back

First Leasing provides clients the ability to monetize their existing assets, via sale and leaseback. Instead of FLC purchasing new or used assets from a 3rd party supplier / distributor on behalf of the lessee, FLC can also purchase new or used assets directly from the lessee and then lease back the assets to the lessee. This allows client lessees an ad hoc solution to manage and match their assets and liabilities over time.