Dan has been engaged in the equipment lease and finance industry for the past 25+ years with extensive experience in all facets of this business segment. Prior to starting CapFirst Equipment Finance, Dan was a co-founder and owner of a leasing firm, which operated as a general equipment lease finance company. During his time there, he was responsible to the day-to-day operations of the Bank Lease Program which included the build out of this program to over 150+ banks in the upper Midwest and the funding of over $1.0 billion in volume. As a former FDIC Bank Examiner and through various other positions held in his career, Dan has an extensive experience in credit, underwriting and the structuring of various finance transactions through a wide array of industries. He is a graduate of the University of Jamestown with double majors in Mathematics and Business Administration.
Contact Dan: dsaville@capfirstef.com | P: 701.639.7209 | C: 701.367.5492 | F: 701.639.7031

Finance Lease (Capital Lease)

What is a Finance (Capital) Lease?
A Finance Lease, also called a Capital Lease, is a service we offer in which financing is structured with $1.00 buyout and allows the end-user the benefits of ownership including interest and depreciation expense. 

This lease is referred to a non-tax lease, whereby the lessee can acquire use of an asset for most of its useful life. From a financial reporting perspective, the underlying equipment is shown as an asset and the accompanying lease depicted as a liability on the lessee’s balance sheet. The lessee then expenses the depreciation and interest associated with the lease on its income statement.

  • Up to 100% financing
  • Lessor does not select manufacturer or supply equipment
  • Various purchase options - commonly $1.00 or 10% of equipment cost

The CapFirst Experience
When you work with CapFirst, you'll find equipment finance experts who are easily accessible and get to know your business, and an independently owned company with a different approach. Whether you are looking to expand your company, purchase new equipment or make capital improvements, CapFirst offers a full array of financing products to help you grow.

CapFirst's loan policies and decisions are made locally, and you know you'll have financing to suit the unique needs of your business. We want to work with you to create a customized solution for your future. We offer competitive rates, terms and payment structures and our solutions include:

Contact one of our team members to talk about your current and future plans.