LOS ANGELES, CA, SEATTLE, WA, PORTLAND, OR, and BOCA RATON, FL, June 20, 2011 - First Capital, a specialized commercial finance company, announced that it has provided a $16 million asset-based lending facility to United Pipe & Supply, a regional distributor of water pipes, valves, meters and related fittings for commercial and residential use. The revolving line of credit facility is collateralized by accounts receivable and inventory.

First Capital was chosen as the preferred working capital lender because of its ability to quickly customize a financing structure that worked for United Pipe & Supply in a timely manner. Loan proceeds will be used to refinance the company's previous facility and to support ongoing working capital requirements.

Ron Garber, Executive Vice President and First Capital Western Region Manager stated "Having taken the time with United Pipe & Supply's management to understand their business plan, First Capital was able to meet the unique challenges they faced in order to provide them with the cash flow they need to enable them to reach their goals."

Dean Gardner, Chief Operating Officer & Chief Financial Officer of United Pipe & Supply remarked "Three years of recession in the construction industry has hurt most wholesale distributors, including United Pipe & Supply. As a result, our management team has been proactive in restructuring our business and in seeking out a financial institution that would support our turnaround plan. First Capital has placed its confidence in our management and our plan. Now that we have the working capital to complete our restructuring, we'll be able to reposition United Pipe & Supply to come through this recession and emerge as a competitive and profitable company for many years to come."

"First Capital did a great job from start to finish by taking a unified approach that was extremely professional and knowledgeable. The entire team focused effectively on creating a comprehensive financing structure that meets United Pipe & Supply's current working capital needs and future growth strategy," remarked Richard Durrett, Managing Director with Macadam Capital Partners, (www.macadamcapital.com), a private investment banking firm headquartered in Portland, Oregon.

This transaction was referred to Christopher McKernan in First Capital's Seattle, Washington office and will be serviced by First Capital's Western Region, managed by Ron Garber and located in Los Angeles, California. For further information relating to this deal or for working capital financing solutions in the Western Region, please contact Mr. McKernan at 206-224-2886 or Mr. Garber at 213-412-1540.

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.