ATLANTA, GA and BOCA RATON, FL, August 15, 2011 – First Capital, a specialized commercial finance company, announced that it has provided a $2.75 million working capital facility to Cady Bag Company, a manufacturer of agricultural and BOPP high graphic flexible packaging. The structure consists of a $2.25 million revolving line of credit secured by accounts receivable and inventory, and a $.5 million term loan backed by machinery and equipment.

First Capital was chosen to do the deal because of its ability to establish terms quickly and certainty of speed to close. The credit facility provides working capital needed to meet seasonal needs and to assist the client in operating improvements.

“Financing with First Capital has been a refreshing experience.  The speed at which we were able to move to a close, along with the creative and flexible negotiations to fit our unique business needs, has proven to our team the sincerity of FCC to grow a strong and mutually beneficial relationship,” remarked William Cady, CEO of Cady Bag.

First Capital provides working capital financing typically 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. 

Matt Simon served as the Development Officer for the transaction. The account will be serviced by First Capital’s MidSouth Region, managed by John Nooney and located in Atlanta, Georgia.  For further information relating to this deal or for working capital financing solutions in the MidSouth region, please contact Mr. Simon at 678-594-5911.

About First Capital
First Capital is a specialized commercial finance company positioned to enable entrepreneurs to achieve their goals through working capital lines of credit typically ranging from $3-$15 million in the form of Asset Based Lending and Factoring.  A team of approximately 200 professionals is committed to understanding our clients’ business plans and providing timely and consistent funding decisions.  Our size and scope make First Capital the preferred working capital partner -- small enough to build deep personal relationships and big enough to deliver the ideal solutions. Our commitment is to build long-lasting, mutually-beneficial relationships with clients and their advisors.  First Capital differentiates itself from competitors with a performance-based culture and values-driven focus that provides the foundation for our growth and will continue to guide our vision for the future.  Headquartered in Boca Raton, Florida, the firm has additional full-service offices in New York, Los Angeles, Atlanta and Oklahoma City with sales offices located across the United States. For more information, please visit www.firstcapital.com.