Our goal is to be the preferred working capital partner for our clients and their advisors.
First Capital differentiates itself from competitors with a performance-based culture and values-driven focus that provides the foundation for our growth and will continue to guide our vision for the future.
First Capital is a specialized commercial finance company, positioned to enable entrepreneurs to achieve their goals.
We share in our clients' industry expertise, focus on achievement and passion for success.
Our team of professionals is committed to understanding our clients' business plans and providing timely and consistent funding decisions.
Originally formed in 1989, First Capital provided commercial lending to the Midwest.
In 2003, a group of private investors and a seasoned management team led by John W. Kiefer transformed First Capital from a regional lender with a portfolio of approximately $67 million to national lender with nearly $1 billion of assets-under-management at its peak.
In May 2010, H.I.G. Capital, LLC, a leading global private equity firm, which was joined by funds advised by Morgan Stanley Investment Partners and JP Morgan Asset Management, purchased a majority stake in First Capital's common stock. The $139 million equity transaction almost doubled First Capital's equity base. This transaction along with a term securitization with a $100 million issuance of AA and BBB rated senior secured bonds and $100 million issuance of unsecured high yield bonds strengthened the company's financial position. Such capitalization has set the stage for First Capital to execute its strategy of providing unique working capital solutions to small and mid-size companies in order to take advantage of business opportunities.
Today, First Capital is positioned to enable entrepreneurs with good business plans to achieve their goals through working capital lines of credit typically ranging from $3-$15 million in the form of Asset Based Lending and Factoring. Our size and scope make First Capital the preferred working capital partner -- small enough to build deep personal relationships and big enough to deliver the ideal solutions. Our commitment is to build long-lasting, mutually-beneficial relationships with clients and their advisors.
A team of approximately 200 professionals is committed to understanding our clients' business plans and providing timely and consistent funding decisions. Headquartered in Boca Raton, Florida, the firm has additional full-service offices in New York, Los Angeles, Atlanta and Oklahoma City with sales offices located across the United States.
First Capital is a member of the following organizations:
— Association for Corporate Growth (ACG)
— Commercial Finance Association (CFA)
— Factors Chain International (FCI)
— International Factoring Association (IFA)
— National Funding Association (NFA)
— Turnaround Management Association (TMA)
To learn more about our lending products and find out if a relationship with First Capital is right for you, please Contact Us today.