NEW YORK, NY and BOCA RATON, FL, July 21, 2011 – First Capital, a specialized commercial finance company, announced that it has provided a $10 million working line of credit to Tara Toy Corp., a designer, developer and importer of children’s toys.  The credit facility is in the form of a factoring agreement and is collateralized by the client’s account receivables and inventory.

Tara Toy specializes in toys and games for children under 5 years old and sells to national chains and specialty stores. First Capital was chosen to do the transaction because of its ability to quickly provide the client with a structuring solution that led to increased liquidity. The credit facility provides working capital needed to meet seasonal needs and support the company’s growth strategy.

“First Capital put in the effort to understand our business and our business plan in a short period of time,” remarked Bruce Pearl, CEO of Tara Toy.  “The new credit facility will allow Tara Toy to position the company for future growth and capitalize on opportunities that were previously not possible.”

Kevin McGarry, Executive Vice President and Northeast Regional Manager for First Capital, remarked, “We are happy to have this opportunity to work with Bruce and his team at Tara Toy.  Bruce is a committed business owner as shown through his personal support and dedication to the company’s future.” 

This transaction was referred to Kevin McGarry and will be serviced by First Capital’s Northeast Region 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. McGarry at 212-920-2800.

About First Capital
First Capital provides working capital financing typically ranging from $3 million to $15 million primarily to small and middle-market entrepreneurs with annual sales ranging from $10 million to $100 million. Credit facilities are in the form of Asset-Based Loans or Factoring arrangements. First Capital is one of the largest independent Asset-Based working capital lenders in the United States. 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.