FOR IMMEDIATE RELEASE

MICHAEL J. BYRNE JOINS FIRST CAPITAL AS VICE PRESIDENT
Michael J. Byrne Brings Over 30 Years of Corporate Financial Experience to Company

NEW YORK and BOCA RATON, Fla., May 11, 2010 – First Capital, a leading commercial finance company specializing in asset-based lending and factoring, announced today Michael.J. Byrne has joined the Company as Vice President and will focus on developing new business in the Northeast region. He is based in First Capital’s New York office located at 565 Fifth Avenue.

Prior to joining First Capital, Mr. Byrne served as VP Senior Business Development Officer at Siemens Financial Services, Inc. In this role, he sourced, structured and closed new asset based transactions, in the Greater New York Metropolitan area.

Mr. Byrne also held senior management positions with other firms including: Citizens Business Credit/RBS Business Capital, Fleet Capital Corporation/Bank of America Business Capital, First Union Leveraged Finance and Meridian Commercial Finance Corporation.

“With Mr. Byrne’s extensive experience with borrowers in the manufacturing, distribution, retail and service industries, he will be instrumental in growing our asset-based lending and factoring business in the region,” said Ric Mazza, Executive Vice President and Northeast Regional Manager. “We are pleased to welcome Mike to the First Capital team.”

“I am enthusiastic about working for such a dynamic and well-respected company like First Capital at a time when growing small and midsized companies can benefit from the working capital that we provide,” said Mr. Byrne. “There is more demand in the marketplace right now than supply, and First Capital is here to help meet those needs.”

Mr. Byrne has an M.B.A degree from Iona College. He is a member of the following associations: Association for Corporate Growth, Commercial Finance Association, Financemen’s Club, Garden State Credit Associates and the Turnaround Management Association.

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About First Capital

First Capital (www.FirstCapital.com) is a leading commercial finance company providing Asset Based Lending and Factoring to the owners of small and mid-sized companies. These working capital loans are primarily secured by receivables and inventory. With assets just under $1 billion, First Capital is one of the largest independent and fastest-growing commercial finance companies in the United States. It differentiates itself from larger finance company and bank competitors through certainty of timely funding. First Capital believes that its ability to provide exceptional service, the quality of its professionals and its efficient delivery structure make it a preferred lender to its clients and a preferred borrower to its lenders. Headquartered in Boca Raton, FL, the firm has full-service offices in New York, Los Angeles, Atlanta and Oklahoma City as well as a processing center in Manila.

Linden Alschuler & Kaplan
Suzanne Dawson
212-329-1420
sdawson@lakpr.com