NEW YORK, NY and BOCA RATON, FL, June 29, 2011 – First Capital, a specialized commercial finance company, announced that it has provided a $5.5 million asset-based lending facility to a Northeast skiing equipment manufacturer and distributor.  The credit facility consists of a $5.5 million revolver collateralized by accounts receivable and inventory.

First Capital was chosen to do the transaction because of its ability to provide the client with a structuring solution that led to increased liquidity. The credit facility provides working capital needed to meet seasonal needs.

Jacen Dinoff, Chief Restructuring Officer for the company and Managing Principal of KCP Advisory LLC (www.kcpadvisory.com), a turnaround and financial management advisory firm, remarked, "First Capital did a great job of working with the management team to find which assets could be leveraged to get the maximum working capital."

“Not only was the company able to refinance existing lines and reduce borrowing costs, it was also able to expand borrowing capacity. The company is using the additional working capital to prepare for the coming season,” remarked John Tyson, Business Development Officer for First Capital in the Northeast Region.

Kevin McGarry, Executive Vice President and Northeast Regional Manager for First Capital remarked, “As a privately owned non-bank provider of capital, First Capital is able to offer more flexibility in structuring and meeting the needs of our clients.”

This transaction was referred to John Tyson and will be serviced by First Capital’s Northeast Region, managed by Kevin McGarry and located in New York City.  For further information relating to this deal or for working capital financing solutions in the Northeast region, please contact Mr. Tyson at 207-650-5349 or Mr. McGarry at 212-920-2800.

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.