Kevin M. McGarry Joins First Capital as Executive Vice President & Northeast Regional Manager
McGarry Brings Over 25 Years of Commercial Finance Experience to First Capital
NEW YORK and BOCA RATON, Fla. - October 4, 2010 – First Capital, a specialized commercial finance company announced today that Kevin M. McGarry has been named Executive Vice President and Northeast Regional Manager at First Capital. Mr. McGarry is responsible for overseeing all operational aspects of First Capital's Northeast regional office located in New York City.
Before joining First Capital, Mr. McGarry served as President of GMAC Commercial Services. Prior to that, he served as President/COO of GE Capital Commercial Services. He also worked for Congress Talcott Corporation as President of their factoring division. Mr. McGarry began his career in commercial finance with Heller Financial in various leadership roles ranging from risk management to marketing and business development, ultimately achieving the position of Executive Vice President and Regional Manager.
“We are pleased that Kevin chose to bring his wealth of experience and leadership abilities to First Capital, in order to help us achieve our goals and build brand value for clients, employees and investors,” said Lee Wilson, President and CEO of First Capital. “First Capital provides the ideal environment for Kevin to apply his entrepreneurial spirit within a dynamic organization that aims to become the preferred working capital partner to our clients and their advisors.
First Capital provides working capital financing ranging from $3 million to $15 million primarily to small and middle-market business owners with annual sales ranging from $10 million to $100 million. Credit facilities are in the form of asset-based loans or factoring arrangements.
“I am excited to be joining First Capital as the Northeast Regional Manager,” said Mr. McGarry. “I look forward to working closely with our staff of professionals and the senior management team to build shareholder value through delivery of profitable growth and superior service to our clients and market intermediaries.”
About First Capital
First Capital (www.FirstCapital.com) is a leading commercial finance company providing Asset Based Lending and Factoring to the owners of small and mid-sized companies. These working capital loans are primarily secured by receivables and inventory. With assets just under $1 billion, First Capital is one of the largest independent and fastest-growing commercial finance companies in the United States. It differentiates itself from larger finance company and bank competitors through certainty of timely funding. First Capital believes that its ability to provide exceptional service, the quality of its professionals and its efficient delivery structure make it a preferred lender to its clients and a preferred borrower to its lenders. Headquartered in Boca Raton, FL, the firm has full-service offices in New York, Los Angeles, Atlanta and Oklahoma City as well as a processing center in Manila.