FOR IMMEDIATE RELEASE

 

FIRST CAPITAL RENEWS TWO SECURED FACILITIES WITH
JPMORGAN CHASE

BOCA RATON, Fla, August 27, 2009 – First Capital, a leading financial services firm, announced that it has renewed two senior secured facilities with JPMorgan Chase.  The combined total of the two facilities is $95 million.

 “The JPMorgan Chase facilities will continue to be used by First Capital to provide vital asset-based working capital lines of credit to small and mid-sized businesses in order to meet their liquidity needs,” said Mark Hogard, Executive Vice President and Chief Financial Officer.

About First Capital

First Capital (www.FirstCapital.com) is a leading commercial financial services firm providing prompt, professional and reliable working capital solutions and outsourcing, primarily for middle-market companies and institutions.  With over $1 billion in total committed lines of credit, First Capital is one of the largest independent and fastest-growing commercial finance companies in the United States.  The firm focuses on asset-based lending, accounts receivable management, credit protection, international supply chain financing and servicing for clients in North America and Asia.  The firm also manages asset portfolios for clients and is an active issuer of receivables-backed securities.  Combining a unique blend of traditional and progressive banking methods, First Capital provides clients with customized support needed to grow and maintain their business.  Based out of Boca Raton, Florida, the firm has full-service offices in major cities including New York, Los Angeles, Atlanta and Oklahoma City as well as Asian subsidiaries in Hong Kong and Manila. 

 

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