FOR IMMEDIATE RELEASE

FIRST CAPITAL OPENS NEW OFFICE IN HOUSTON TO SUPPORT EXPANSION OF U.S. BUSINESS

OKLAHOMA CITY and HOUSTON, May 11, 2010 – First Capital, a leading commercial finance company, today announced the opening of its new office in Houston, Texas. The office, located at Two Allen Center, will enable First Capital to strengthen ties with prospective clients and referral sources. Rene J. Parra will lead the new office as Vice President and will be responsible for business development and marketing in the region.

“We have been very successful over the years in the Texas market,” said John Curtis, Executive Vice President and Midwest Regional Manager at First Capital. “Houston has always been one of our best markets and I am extremely excited about opening our second office in Texas and having such a seasoned professional in Rene Parra heading these efforts.”

Mr. Curtis added, “As one of the largest privately owned non-bank commercial lenders in the country, we have developed very good relationships with banks looking to add or retain deposit relationships with customers but who may currently not be in a position to provide needed working capital in the form of senior debt lines to those customers. First Capital can step in and provide the lending product as well as other monitoring services to the bank thereby preserving deposit relationships for the bank.”

First Capital targets middle-market businesses with annual sales between $10 to $200 million and with working capital needs ranging from $2 to $30 million. The financing is used for growth, acquisitions, refinancing and turnaround situations. In some cases, the referring bank participates in the credit facility with First Capital providing additional income to the bank on a fully monitored loan facility.

The mailing address for First Capital’s location in Houston, Texas is: Two Allen Center, 1200 Smith Street, Suite 1600, Houston, TX 77002. The telephone number is (713) 651-0505.

 

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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