FOR IMMEDIATE RELEASE
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WEST PALM BEACH, Fla., June 26, 2007 – First Capital, a leading financial services firm, announced today that in less than four years, the executive management team has grown what was previously a $50 million portfolio from a predecessor company into total committed lines of credit of over $1 billion. The main impetus of growth is a result of First Capital’s commitment to deliver Prompt, Professional and Reliable service to its clients.
“We would not have been able to grow to this level as quickly as we did were it not for our team’s ongoing dedication to excellence in the lending and outsourcing community,” said John W. Kiefer, Chief Executive Officer of First Capital.
In 2003, a group of private investors and the management team decided to take First Capital into a new and exciting direction. As a result, First Capital has both the staff and the financial strength to serve the needs of middle market businesses throughout the United States. Today, First Capital employs approximately 200 professionals and is currently looking to add to that.
“It’s truly phenomenal to be part of such an amazing growth story,” says Mark Sunshine, President and Chief Operating Officer of First Capital. “To be successful in helping other companies grow with working capital lending, outsourcing and credit protection services is very special. It is what differentiates First Capital in the marketplace.”
About First Capital
First Capital 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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