Boca Raton, FL - First Growth Capital, a division of First Capital, announced the hiring of David Koran as Vice President in the North Carolina, South Carolina and Georgia region. Mr. Koran will be based out of North Carolina and will be responsible for marketing and business activities to meet the working capital credit needs of small and medium-sized businesses.

Mr. Koran has 10 years of experience in originating, underwriting, loan documentation, portfolio management, work out and restructuring with expertise in asset-based and conventional commercial loans.

"I am very pleased that David has joined our Team," said Jay Atkins, President of First Growth Capital. "His experience and existing relationships with investment banks, commercial banks, intermediaries, turnaround professionals and attorneys will enhance First Growth Capital’s position in the North Carolina, South Carolina and Georgia region."

Mr. Koran stated, "First Growth Capital has a reputation for being able to deliver on the promise of speed and flexible structuring to clients in need of quick financing solutions. That gives us a distinct advantage when presenting working capital solutions to prospective clients and their advisors that have not been able to find comparable packages."

Prior to joining First Growth Capital, Mr. Koran’s was with TAB Bank where he was responsible for Business Development for the Southeast Region. Other previous positions include Business Development Director for Universal Asset Lending Information Systems, LLC (UNALISYS), President of Gideon Financial, Inc and various positions at Benefactor Funding, Corp., JD Factors, LLC, and BB&T. He is a member of Turnaround Management Association (TMA), Commercial Finance Association (CFA), Association for Corporate Growth (ACG) and a national board member of the National Funding Association (NFA) where he has served since 2003. He has a bachelor’s degree in Industrial/Organizational Psychology from Bowling Green University.

To find out more about how First Capital can provide the proper financing solution for your situation, please contact David Koran at 704-564-1676 or via email at dkoran@firstcapital.com. Mr. Koran’s office is located at 19706 One Norman Blvd. #B-103, Cornelius, NC 28031.

First Capital provides financing ranging from $3 million to $30 million to middle market companies with annual sales from $10 million to $250 million. Credit facilities are focused on working capital solutions consisting primarily of factoring and asset-based loans to support growth, acquisitions, turnarounds and restructurings.

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.