First National Capital Corporation (FNCC) announced a $15 million strategic financing package for a premier Pacific Northwest ship repair and construction company, enabling expansion amid surging demand for West Coast maritime services. The innovative structure navigates complex contractual requirements from recent dry dock acquisitions—constraints that have prevented traditional lending solutions.

The client operates critical maritime infrastructure serving shipping lanes from Alaska to Hawaii, including one of the region's few facilities capable of servicing large vessels. The financing arrives as West Coast ship repair demand accelerates, driven by fleet modernization requirements and new environmental regulations projected to fuel substantial annual growth through 2027.

FNCC developed a custom capital structure that maintained the client's growth plan while meeting strict purchase agreement covenants. The approach required collaboration across legal, operational, and financial teams to allow immediate capital deployment without triggering clauses that could delay essential capacity expansions already in progress.

"This transaction exemplifies our ability to see beyond conventional financing constraints," said Ben Frank, Chief Revenue Officer at FNCC. "By structuring capital that aligns with the unique operational realities of maritime assets and contracts, we've enabled our client to seize a critical growth window in a capacity-constrained market."