For Immediate Release
Media Contact:
Laura Smith
Marketing Manager, First Capital
561-623-1918
lsmith@firstcapital.com
First Capital Provides $13.15 Million Credit Facility to Madison Kipp

OKLAHOMA CITY, OK and BOCA RATON, FL, February 16, 2011 – First Capital, a specialized commercial finance company, announced that it has provided a $13.15 million asset-based facility in the form of a $10.5 senior secured line of credit and a $2.65 million term loan. In addition to replacing its previous working capital facility, First Capital was able to increase the Madison Kipp’s overall liquidity.

"Madison Kipp needed to quickly secure a new funding source and we were able to structure a flexible and timely solution that met their needs," said John Todd, Vice President, Business Development in First Capital's Chicago office. To contact Mr. Todd, please call 312-867-3131.

"First Capital fits our model perfectly as a Senior Lender," according to Reed Coleman, Chairman and CEO of Madison Kipp (www.Madison-Kipp.com). "They understand manufacturing, and especially that associated with the customers we serve. We are pleased to have First Capital with us as we meet the opportunities and challenges of the future."

Jim Harney, President of Harney Management Partners, LLC (www.harneypartners.com), a turnaround management advisory firm, remarked, "First Capital did a great job of understanding the dynamics of the Company and working with us to structure a deal that was good for all parties involved."

First Capital provides working capital financing ranging from $3 million to $30 million primarily to small and middle-market business owners with annual sales ranging from $10 million to $300 million. Credit facilities are in the form of asset-based loans or factoring arrangements. This transaction was originated and will be serviced by First Capital’s Midwest Region, managed by John Curtis and located in Oklahoma City. For further information relating to this deal or asset-based lending in the Midwest region, please contact Mr. Curtis at 405-917-1104.

About First Capital

First Capital is a specialized commercial finance company positioned to enable entrepreneurs to achieve their goals through working capital loans typically ranging from $3-$15 million in the form of Asset Based Lending and Factoring.  Our commitment is to build long-lasting, mutually-beneficial relationships with clients and their advisors.  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.

Forward-Looking Information

This press release contains “forward-looking” statements.  Forward-looking statements reflect current expectations and projections about future events, and thus involve uncertainty and risk.  It is possible that future events, including whether the offering is completed on the terms specified or at all, may differ from expectations due to a variety of risks and other factors such as market conditions. It is not possible to foresee or identify all such factors.  Any forward-looking statements in this press release are based on certain assumptions and analyses made in light of First Capital’s experience and perception of historical trends, current conditions, expected future developments, and other factors it believes are appropriate in the circumstances.  Forward-looking statements are not a guarantee of future performance and actual results or developments may differ materially from expectations.  First Capital does not intend to update any particular forward-looking statements contained in this press release.