Frequently Asked Questions

Equipment Financing & Leasing

For most business owners, the top two benefits are the ability to maintain cash flow and secure 100% financing. If you move forward with First Citizens program, the third benefit is the financing may be structured in a variety of ways to meet your tax and/or accounting needs.
Contact Equipment Financing, stop by your local branch or call 1.866.FCB 4BIZ (1.866.322.4249) weekdays between 8:00 a.m. and 8:00 p.m. Eastern time.
We offer a variety of equipment finance and leasing options, which you can learn more about by contacting us, talking with a First Citizens representative at your local branch or by calling 1.866.FCB 4BIZ (1.866.322.4249) weekdays between 8:00 a.m. and 8:00 p.m. Eastern time.
Yes, a Capital Lease allows you to depreciate the cost of the equipment. One of our Equipment Finance & Leasing Officers can review your lease agreement details with you and/or your accountant.
Tax Table - Capital Leases vs. Operating Leases
Capital (Non-Tax) Leases Operating (Tax) Leases
OwnershipCustomer (Lessee) owns asset.Bank (Lessor) owns asset.
Tax BenefitsCustomer depreciates and expenses interest portion of payment.

Bank depreciates.

Customer expenses entire lease payment

Balance SheetThe asset is on customer’s balance sheet.The asset is not on customer’s balance sheet.
Purchase OptionsCustomer may purchase the asset for nominal amount ($1.00) at end of lease.Customer may purchase the asset for fair market price (residual value) at end of lease.

Additional Information

Can’t find the answer you need?

If you didn’t find what you were looking for, please send us your questions directly.

Email us

Or call

1.866.FCB 4BIZ (1.866.322.4249)