NEW YORK, NY, August 22, 2012 – First Capital, a leading commercial finance company, announced today that it has provided over $145 million in new credit commitments during the first half of 2012.  First Capital is on track to meet its goal of $300 million in new credit commitments this year.

First Capital provides working capital revolving lines of credit from $2 million to $25 million primarily to small and middle-market business owners with annual sales ranging from $10 million to $250 million.  Credit facilities are in the form of Asset-Based loans or Factoring arrangements.

“First Capital is on track to generate $300 million of new loan commitments this year.   Our success confirms the market need for secured working capital loans to help entrepreneurs meet their goals.  Expertise is the key to providing the structure and speed to get deals done,” said Lee Wilson, Chairman and CEO of First Capital. “We are excited at the increase of growth situations that banks embrace after there’s a longer track record.”

First Capital closed 21 deals in the first half of 2012.  Its experienced team of lenders created custom packages for clients across industries including energy, manufacturing, apparel, food service, transportation, technology, construction and other business-to-business services. The event-driven challenges that make First Capital a logical choice include rapid growth as well as traditional restructuring and turnaround situations. 

First Capital is a leader in markets across the country.  Most recently, First Capital opened an office in Chicago to spearhead growth in the Midwest. With over $700 million in assets under management, First Capital is one of the largest independent Asset-Based working capital lenders in the United States. For more information about First Capital’s products and services, please call us at 877-897-3223 or visit www.firstcapital.com.

About First Capital
First Capital provides working capital lines typically ranging from $2 million to $25 million primarily to small and middle-market entrepreneurs with annual sales ranging from $10 million to $250 million. Credit facilities are in the form of Asset-Based Loans, Factoring Arrangements or Invoice Purchasing handled by the First Growth Capital division. First Capital is one of the largest independent Asset-Based working capital lenders in the United States. Headquartered in New York City, the firm has additional full-service offices in Atlanta, Los Angeles, Ft. Lauderdale and Oklahoma City with sales offices located across the United States. For more information, please visit www.firstcapital.com.