FOR IMMEDIATE RELEASE
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WEST PALM BEACH, Fla., June 25, 2007 – First Capital, a leading financial services firm, announced today that JPMorgan Chase has provided First Capital with a $100 million senior secured credit facility.
“JPMorgan Chase’s deal structure will allow us to grow our rapidly expanding loan portfolio,” said Mark Sunshine, President and COO. “Our continued success is a result of making sure that we consistently deliver prompt, professional and reliable service to our clients. As a result we are able to originate and service a superior portfolio of loans.”
First Capital (www.firstcapital.com) is a leading 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, First Capital is one of the largest independent and fastest-growing commercial finance companies in the United States. The firm focuses on senior secured lending, accounts receivable management, credit protection and 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 West Palm Beach, Florida, the firm has six full-service offices in major cities including New York, Los Angeles, Ft. Lauderdale, Oklahoma City and Atlanta and a subsidiary that is headquartered in Hong Kong.
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