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FIRST CAPITAL RAISES $139 MILLION IN COMMON EQUITY AND COMPLETES A $100 MILLION TERM SECURITIZATION
May 19, 2010
BOCA RATON, Fla. First Capital, a leading commercial finance company, today announced that it recently completed two important transactions that position it to increase lending to small and mid-sized growth companies.
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RENE J. PARRA JOINS FIRST CAPITAL AS VICE PRESIDENT
May 12, 2010
First Capital, a leading commercial finance company specializing in asset-based lending and factoring, today announced the hiring of Rene J. Parra as Vice President. Mr. Parra will primarily be responsible for marketing and business development in the Houston, South Texas and Louisiana markets for First Capital’s Midwest Region.
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MICHAEL J. BYRNE JOINS FIRST CAPITAL AS VICE PRESIDENT
May 11, 2010
First Capital, a leading commercial finance company specializing in asset-based lending and factoring, announced today Michael.J. Byrne has joined the Company as Vice President and will focus on developing new business in the Northeast region. He is based in First Capital’s New York office located at 565 Fifth Avenue.
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FIRST CAPITAL OPENS NEW OFFICE IN HOUSTON TO SUPPORT EXPANSION OF U.S. BUSINESS
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.
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FIRST CAPITAL RELOCATES MID-SOUTH REGIONAL OFFICE IN ATLANTA
May 5, 2010
First Capital, a leading commercial finance company specializing in asset-based lending and factoring, announced today that the company has signed a multi-year lease for office space in Atlanta, Georgia.
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FIRST CAPITAL ANNOUNCES $5 MILLION SENIOR SECURED FACILITY TO RESCOM ENERGY
April 12, 2010
“We are very fortunate to work with an exceptional finance company like First Capital,” said David Cohen, ResCom Energy’s President. “They truly understand our business and have provided the financing that will allow us to grow and reach our fullest potential. They are very honest and straightforward - they are a pleasure to deal with.”
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FIRST CAPITAL ANNOUNCES $2 MILLION REVOLVING LINE OF CREDIT
March 30, 2010
First Capital announced that it has provided a $2 million revolving line of credit to a distributor of electrical supplies and components. The facility is secured mainly by accounts receivable and inventory and the client was referred to First Capital by a large, regional bank in business for over 100 years. |
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CHRIS BURGESS PROMOTED TO DEPUTY NATIONAL CREDIT MANAGER
December 17, 2009
First Capital announced that Chris Burgess has been promoted to Deputy National Credit Manager. Prior to his promotion, Mr. Burgess headed the Southeast Region's Credit Department, overseeing credit and collection services for his region. In his new role, Mr. Burgess will oversee collection services companywide and supervise the company's FCI (Factors Chain International) business. Mr. Burgess has over 20 years experience in commercial credit and collections and has worked at First Capital since January 2004. |
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JOSEPH SANTORO PROMOTED TO NATIONAL CREDIT MANAGER
December 17, 2009
First Capital announced that Joseph Santoro has been promoted to National Credit Manager. Prior to his promotion Mr. Santoro served as Regional Credit Manager in First Capital’s Northeast Regional office located in New York. |
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FIRST CAPITAL CLOSES $40 MILLION FINANCING FACILITY WITH KEY EQUIPMENT FINANCE
October 26, 2009
First Capital, a leading financial services firm, announced that it had closed a $40 million financing facility with Key Equipment Finance, an affiliate of KeyCorp (NYSE: KEY). The senior-secured facility is a participation in one of First Capital’s existing financing facilities with WestLB. That facility was increased from $160 million to $200 million. Overall, WestLB’s total credit facilities to First Capital increased to $375 million.
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FIRST CAPITAL PROVIDES $20 MILLION TO SPECIALTY FOOD DISTRIBUTOR
October 8, 2009
First Capital, a leading financial services firm, announced that it has provided a $20 million accounts receivable purchase facility to a specialty food distributor.
“The most impressive part of this transaction was that it was completed in less than 3 weeks in order to meet the client’s financial needs,” said Jay B. Atkins, Executive Vice President, First Capital. “This is a great tribute to the team we have established here at FCC.” This transaction was completed and will be serviced by First Growth Capital, a Division of First Capital located in Boca Raton, Florida. |
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FIRST CAPITAL APPOINTS
R. LEE WILSON PRESIDENT & CHIEF OPERATING OFFICER
September 23, 2009
First Capital, a leading financial services firm, has announced that R. Lee Wilson has been appointed President and Chief Operating Officer. In his role, Mr. Wilson will be responsible for leading the company’s management, financial and corporate planning. Mr. Wilson will be based in the corporate office located in Boca Raton, Florida.
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FIRST CAPITAL RENEWS FINANCING FACILITY WITH SOCIETE GENERALE
September 15, 2009
John W. Kiefer, CEO and President of First Capital remarked, “Despite one of the worst credit environments in U.S. history, we were able to renew all of our credit facilities that came up for renewal this year.” Mr. Kiefer went on to say, “First Capital’s creditworthiness is a testament to our current strength and position in the marketplace and a result of high credit and underwriting standards as well as a commitment to exceptional client service.”
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FIRST CAPITAL PROVIDES $3 MILLION CREDIT FACILITY TO FURNITURE COMPANY
September 2, 2009
First Capital, a leading financial services firm, announced that it had provided a $3 million accounts receivable and inventory credit facility to a manufacturer and distributor of accent furniture.
“Furniture manufacturing and distributors have fewer financing options today than they have had in recent years” said John Nooney, Senior Vice President and Regional Manager. “First Capital is stepping in to fill some of that void by providing liquidity on a senior secured basis to companies that maintain good credit, but can’t find lenders that are willing and able to provide the lending and services needed.”
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FIRST CAPITAL RENEWS TWO SECURED FACILITIES WITH JPMORGAN CHASE
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.
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FIRST CAPITAL RECOGNIZED AS LEADING FINANCIAL SERVICES COMPANY ON INC. 5000 LIST OF FASTEST GROWING COMPANIES
August 13, 2009
First Capital, a leading financial services firm, specializing in asset-based lending, outsourcing and risk management announced today that the company has been named to Inc. Magazine’s list of the 5,000 fastest-growing privately-held companies in the U.S.
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FIRST CAPITAL RENEWS TWO SENIOR SECURED FACILITIES WITH WESTLB AG
August 5, 2009
First Capital, a leading financial services firm, announced that it had renewed two credit facilities with WestLB AG totaling $335 million. In addition to the $335 million renewal, DZ Bank recently announced a $175 million facility renewal.
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FIRST CAPITAL RENEWS $175 MILLION SENIOR SECURED FACILITY WITH DZ BANK
July 20, 2009
“I am quite grateful to DZ BANK for renewing our credit facility and we look forward to a long-term, mutually-beneficial relationship with DZ BANK.” said John W. Kiefer, Chief Executive Officer of First Capital. “We are very proud of how well First Capital’s people have pulled together during this credit storm. It is because of them and their dedication to quality and customer service that First Capital is doing as well now as we are.”
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FIRST CAPITAL PROVIDES $9.15 MILLION CREDIT FACILITY TO KITCHEN AND BATH MANUFACTURER
June 29, 2009
First Capital, a leading financial services firm, announced that it had provided a $9.15 million asset-based loan facility to a leading manufacturer of innovative and affordable solid surface products for the kitchen and bath industry.
“Turning around the economy begins with helping middle market companies,” said John Curtis, Executive Vice President and Midwest Regional Manager of First Capital. “First Capital works diligently with the company’s management, their bankers and consultants to help provide the best lending structure.”
David King, COO/CFO of The Swan Corporation (www.swanstone.com) said, “It was a pleasure to deal with a company who understood our needs, understood the changes in our company and the implications of these changes to our organization, and worked with us to close a deal during a very tough period for the credit markets.” |
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FIRST CAPITAL PROVIDES $5.5 MILLION FACTORING FACILITY TO JEWELRY COMPANY
June 19, 2009
First Capital, a leading financial services firm, announced that it has provided a $5.5 million accounts receivable factoring and inventory credit facility to a manufacturer, designer and distributor of jewelry. |
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FIRST CAPITAL PROVIDES $2.5 MILLION FACTORING FACILITY TO SPORTSWEAR APPAREL WHOLESALER
May 27, 2009
First Capital, a leading financial services firm, announced that it has provided a $2.5 million factoring facility to a wholesaler of sportswear apparel to retail, resort and gift shops.
“It’s the small and medium-sized businesses that really drive our economy,” said Cheryl Kendrigan, Senior Vice President and Southeast Regional Portfolio Manager of First Capital. “First Capital is doing its part in providing working capital and credit management services to keep business-to-business going which helps keep more people employed.” |
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FIRST CAPITAL PROVIDES $20 MILLION FACTORING FACILITY TO MARKETING SERVICES COMPANY
May 18, 2009
First Capital, a leading financial services firm, announced that it has provided a $20 million factoring facility to a full-service provider of customer relationship management (CRM), business process outsourcing (BPO) services, including call center for customer support and acquisition, market research, and back office services.
Jay Atkins, Executive Vice President of First Capital and President of First Growth Capital (a division of First Capital), stated, “Factoring the service industry has always been a part of our core growth strategies. As our clients have discovered, factoring can provide working capital financing where traditional institutions struggle (or won’t) with the added benefit of outsourcing certain credit and collections functions.” Mr. Atkins went on to say, “First Capital has the knowledge and experience to get factoring deals done in other lines of business and we have the depth of capital to fund both small and large deals.” |
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FIRST CAPITAL PROVIDES $6 MILLION FACTORING FACILITY
May 12, 2009
First Capital, a leading financial services firm, announced that it has provided a $6 million factoring facility to a leading wholesaler of swim, beach and resort wear and related accessories.
Ellen Ferri, Executive Vice President and Southeast Regional Manager of First Capital, stated, “When apparel and accessories manufacturers and suppliers need working capital financing and accounts receivable management, they know that they can turn to First Capital for Prompt, Professional and Reliable service.” Ms. Ferri went on to say, “And that’s why our clients refer new business to us, which is how this deal resulted.” |
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MEDIA ALERT: FIRST CAPITAL HOSTS 3RD ANNUAL WOUNDED WARRIOR GOLF TOURNAMENT BENEFITING THE 9-11HELPAMERICA FOUNDATION
March 30, 2009
First Capital is honored to host the 3rd Annual Wounded Warrior Golf Tournament
Benefiting the 9-11HelpAmerica Foundation on Thursday, May 7, 2009 at Brookside Golf Course, in Pasadena, CA.
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JOHN NOONEY HAS BEEN PROMOTED TO REGIONAL MANAGER, SOUTH CENTRAL REGION LOCATED IN ATLANTA, GEORGIA
March 12, 2009
Prior to becoming the Regional Manager in 2009, Mr. Nooney served as Portfolio Manager in the Los Angeles office and, later, in the Atlanta office. Mr. Nooney joined First Capital in 2007.
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BRIAN CUTTIC HAS BEEN PROMOTED TO SOUTHEAST REGIONAL MANAGER, FINANCIAL SERVICES, LOCATED IN ATLANTA, GEORGIA
March 12, 2009
Before his promotion, Mr. Cuttic was responsible for managing First Capital’s South Central Region’s office. He will now focus on building the Financial Services division’s position in the Southeastern region of the United States.
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THOMAS W. (“TIM”) STRACHAN HAS BEEN PROMOTED TO SENIOR EXECUTIVE VICE PRESIDENT IN THE BOCA RATON, FLORIDA OFFICE
March 10, 2009
Mr. Strachan is the Chief Credit Officer responsible for the day-to-day management of client and customer First Capital's interest in Siemens First Capital Commercial Finance, LLC, a joint venture between Siemens Financial Services and First Capital.
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JOHN W. KIEFER, CHIEF EXECUTIVE OFFICER OF FIRST CAPITAL, QUOTED IN MARCH 2009 ISSUE OF THE SECURED LENDER (TSL) MAGAZINE
March 10, 2009
"Nonbank finance companies can't raise deposits or go to the Fed window. We rely on borrowing at wholesale rates from the banks and reselling that money to our clients. The businesses that companies like ours support are the main engine of job growth in this country. Less availability to us means tighter supply to the mainstream borrower..."
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CFA (COMMERCIAL FINANCE ASSOCIATION): “IF YOU HAD THE OPPORTUNITY TO GIVE PRESIDENT OBAMA ADVICE ON THE CREDIT CRISIS, GIVEN YOUR BACKGROUND IN COMMERCIAL FINANCE, WHAT WOULD YOU SUGGEST?”
March 5, 2009
John W. Kiefer, Chief Executive Officer of FCC, LLC D/B/A First Capital responded, "The economic stimulus plan is ignoring a very important part of the economy. Nonbank-owned finance companies are finding it harder to borrow money in the capital markets or through traditional commercial bank lines. Should funding to these companies dry up. it is estimated that over 4.5 million jobs could be at risk and over $2.5 trillion in GDP."
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FIRST CAPITAL PROMOTES MATT BEGLEY TO EXECUTIVE VICE PRESIDENT
February 19, 2009
Mr. Begley is mainly responsible for the day-to-day management of First Capital's interest in Siemens First Capital Commercial Finance, LLC, a joint venture between Siemens Financial Services and First Capital.
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FIRST CAPITAL FLORIDA OFFICES CONSOLIDATE TO LEED-CERTIFIED BUILDING IN BOCA RATON, FLORIDA
December 19, 2008
First Capital, a leading financial services firm, announced that it has consolidated its three Florida offices in one building in Boca Raton, Florida.
First Capital’s Corporate Headquarters, Southeast Region and First Growth Capital offices will now occupy over 15,000 square feet of space on the 5th floor in the Boca Village Corporate Centre (BVCC).
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FIRST CAPITAL PROVIDES $30 MILLION TRADE PAYABLE FACILITY TO PROVIEW INTERNATIONAL
October 14, 2008
First Capital, a leading financial services firm, announced that it had provided a $30 million unsecured Trade Payable Facility to Proview International Holdings Limited (PIHL), a Hong Kong public company, for the benefit of its manufacturing operations in China and Malaysia. Under the facility, PIHL will be able to fund purchases of components on deferred credit terms for its growing TV and consumer electronics business.
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MARK HOGARD QUOTED IN BUSINESSWEEK
October 7, 2008
"The Fed's action is great news," says Mark Hogard, CFO of First Capital, a firm that borrows from commercial banks to provide asset-backed loans to manufacturers and distributors. "This will help put dollars to work and relieve pressure."
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MARK HOGARD QUOTED IN CFO.COM
October 7, 2008
Mark Hogard, CFO of First Capital, a factoring company, told CFO.com last month that he expects the firm to be hit by the rise in the cost of capital raised through commercial paper. Although it isn't a direct issuer of commercial paper, the company's lenders pass along the cost of commercial paper they issue to back loans to First Capital. "So when commercial paper [borrowing rates rise], that increases the cost of borrowing for us," he says.
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CFOS REACT: FIRST CAPITAL'S MARK HOGARD
A FACTOR IN THE FINANCIAL CRISIS
September 26, 2008
From his unique perch as the CFO of First Capital, a factoring company that borrows from commercial banks in order to provide asset-backed loans to manufacturers and distributors, Mark Hogard sees the current financial crisis in a way that other folks might not. "I don't think people in mainstream America are actually seeing how severe of an issue this is if they don't have an account at Lehman or Washington Mutual. They haven't been feeling the effects yet," he says. "They will."
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FIRST CAPITAL TO SPONSOR
9-11HELPAMERICA FOUNDATION GOLF TOURNAMENT
September 11, 2008
First Capital is honored to sponsor the 7th Annual
9-11HelpAmerica Foundation golf tournament on Thursday, October 2, 2008 at Rio Hondo Golf Course in Downey, CA. The 9-11HelpAmerica Foundation is a nonprofit group aimed at recognizing and supporting the families of those fallen and wounded soldiers who bear the sacrifice in defense of our country.
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FIRST CAPITAL CLOSES LETTER OF CREDIT WITH FIFTH THIRD BANK
September 10, 2008
First Capital, a leading financial services firm, announced that it had closed a $20 million letter of credit (LC) facility with Fifth Third Bank.
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FIRST CAPITAL RECOGNIZED AS LEADING FINANCIAL SERVICES COMPANY ON INC. 5000 LIST OF FASTEST GROWING COMPANIES
August 26, 2008
First Capital, a leading financial services firm, specializing in asset-based lending, outsourcing and risk management announced today that the company has been named to Inc. Magazine’s list of the 5,000 fastest-growing privately-held companies in the U.S.
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FIRST CAPITAL RENEWS AND INCREASES LETTER OF CREDIT FACILITY WITH STERLING NATIONAL BANK
August 22, 2008
First Capital, a leading financial services firm, announced that it had renewed its letter of credit facility with Sterling National Bank. In addition, the facility was increased by $10 million (to a new total facility size of $25 million) to support First Capital’s growing business.
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JOHN W. KIEFER, CHIEF EXECUTIVE OFFICER OF FIRST CAPITAL, QUOTED IN THE NEW YORK TIMES
July 28, 2008
John W. Kiefer, Chief Executive Officer of First Capital, was quoted twice in an article by Peter Goodman that appeared on the front page of The New York Times. The article was entitled, "Worried Banks Sharply Reduce Business Loans."
"Before they [banks] wouldn't verify income and they were loose on the valuations of collateral," said John W. Kiefer, chief executive of First Capital, a private commercial lender. "Now they're tightening down on the ability to repay: They go off the reservation, and now they come back to basics. It's preservation for many of them at this point. It's survival."
"It's the small business guy who creates most the jobs," said Mr. Kiefer, the First Capital chief executive. "If they can't borrow to employ people, then we've got a mess on our hands."
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FIRST CAPITAL WESTERN REGION FEATURED IN FASHION MANNUSCRIPT WEST COVER STORY
June 2008
Read why when the West needs exceptional financing and servicing solutions, they think of First Capital Western Region, first. Like all of First Capital's offices, the Western Region creates innovative financial solutions tailored to clients' needs and delivers those solutions promptly, professionally and reliably.
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FIRST CAPITAL PRESENTS AT HOULIHAN LOKEY'S FOURTH ANNUAL FINANCIAL INSTITUTIONS AND BUSINESS SERVICES CONFERENCE
April 30, 2008
First Capital was pleased to present at Houlihan Lokey's Fourth Annual Financial Institutions and Business Services Conference at The Waldorf=Astoria in New York City on April 30th, 2008. Representatives from First Capital included John W. Kiefer, Chief Executive Officer; Mark Sunshine, President and Chief Operating Officer; and Mark Hogard, Chief Financial Officer. Over 500 industry executives and capital providers attended the conference where First Capital presented an overview of its business and the key differentiators that separate First Capital from its competition. Mark Sunshine was also one of six industry experts to participate in the "Navigating the Current Credit Environment" panel. First Capital's presentation is available at the following link:
View Presentation> |
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FIRST CAPITAL PROMOTES GAIL SHIPLEY TO SENIOR VICE PRESIDENT / TREASURY SERVICES MANAGER
February 27, 2008
First Capital, a leading financial services firm, announced today that Gail
Shipley has been promoted to Senior Vice President / Treasury Services Manager
in the Oklahoma City, Oklahoma office.
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the article> |
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RONALD E. GARBER JOINS FIRST CAPITAL AS SENIOR VICE PRESIDENT AND PORTFOLIO MANAGER
February 20, 2008
First Capital, a leading financial services firm, announced today that Ronald (Ron) Garber has joined the company as Senior Vice President and
Portfolio Manager.
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the article> |
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KEITH SMITH JOINS FIRST CAPITAL AS SENIOR VICE PRESIDENT AND LEGAL COUNSEL
February 20, 2008
First Capital, a leading financial services firm, announced today that Keith
Smith has joined the company as Senior Vice President and Legal Counsel.
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the article> |
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FIRST CAPITAL PROMOTES SCOTT SIMMONS TO SENIOR VICE PRESIDENT
February 19, 2008
First Capital, a leading financial services firm, announced today that Scott Simmons has been
promoted to Senior Vice President in the Oklahoma City office.
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the article> |
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AMERICAN CAPITAL COMMITS $150 MILLION IN PORTFOLIO COMPANY FIRST CAPITAL TO SUPPORT GROWTH
January 17, 2008
American Capital
Strategies Ltd. (Nasdaq: ACAS) announced today that in the fourth quarter of
2007 it committed financing of up to $150 million in senior subordinated debt
to support the growth of its portfolio company First Capital, a leading
provider of secured, working capital financing for middle market companies.
American Capital's investment replaced its $50 million senior subordinated debt
investment made in August 2006.
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the article> |
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ELLEN FINNERTY JOINS FIRST CAPITAL AS SENIOR VICE PRESIDENT OF HUMAN RESOURCES
November 12, 2007
First Capital, a leading financial services firm, announced today that Ellen Finnerty has joined the company as
Senior Vice President of Human Resources.
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the article> |
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FIRST CAPITAL LAUNCHES TRADE PAYABLE DISCOUNTING AS A “WIN-WIN” FOR GLOBAL IMPORTERS AND THEIR FOREIGN SUPPLIERS
November 1, 2007
First Capital, a leading commercial financial services firm, announced today the official launch of its Trade Payable Discounting program to improve its suite of International Supply Chain Finance solutions. The offering is the third in a series of new international trade solutions First Capital is unveiling this Fall.
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the article> |
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FIRST CAPITAL OFFERS U.S. EXPORTERS ADVANTAGES AS PREMIER EXPORT FACTORING PROGRAM IS LAUNCHED
October 24, 2007
First Capital, a leading commercial financial services firm, announced today the official launch of its Export Factoring program to enhance its suite of International Supply Chain Finance solutions. The offering is the second in a series of new international trade solutions First Capital will unveil this month. Earlier this month, the firm announced “Pre-Delivery Guaranty” as the first offering in the suite.
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the article> |
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FIRST CAPITAL LAUNCHES PRE-DELIVERY GUARANTY SERVICE TO ENHANCE ITS SUITE OF INTERNATIONAL SUPPLY CHAIN FINANCE SOLUTIONS
October 16, 2007
First Capital, a leading commercial financial services firm, announced today the launch of its Pre-Delivery Guaranty service, the first offering in a series of new international trade finance services First Capital plans to unveil this month. Pre-Delivery Guaranty enhances First Capital’s growing suite of International Supply Chain Finance solutions.
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the article> |
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FEAR FACTORS
SIX BANKING EXECUTIVES DISCUSS THEIR CONCERNS ABOUT THE CREDIT CRUNCH AND ITS EVER-WIDENING IMPLICATIONS.
October 1, 2007
We don't place much faith in the collective wisdom of crowds. If large groups are so remarkably intelligent, why do half of New York City's 2.9 million office workers go outside at 12:30 P.M. every day and wait in line to buy sandwiches?
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the article> |
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FINANCING THE SMALL GUY
July, 2007
First Capital — formally known as FCC LLC — makes loans
to small and midsize companies that secure their borrowing with
assets or inventory. The company's roots date to 1987, with its
current incarnation taking shape in 2003, when a group of investors
acquired the assets. The new ownership installed John Kiefer, whom
they hired away from Capital Factors LLC (now called Capital Business
Credit), as chief executive officer. Mark Sunshine, a Wall Street
attorney and accountant, was brought in as president. They have
focused the company on customer service.
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the article> |
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FIRST CAPITAL EXCEEDS $1 BILLION IN TOTAL COMMITTED LINES
June 26, 2007
Boca Raton, Florida – 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.
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the article> |
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FIRST CAPITAL CLOSES $100 MILLION SENIOR SECURED CREDIT FACILITY WITH JPMORGAN CHASE
June 25, 2007
“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.”
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the article> |
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POWER LUNCH FEATURING JOHN KIEFER, FIRST CAPITAL
May 3, 2007
1:42 PM ET – “It is amazing, although we see these spreads,
we’re tightening for a while. And we are starting to get
margin compression. But, recently, it seems to have reversed itself.
I can’t tell you why, but there may be some, drying up of
liquidity—possibly because of the subprime issues.”
Read
transcript> |
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YGNITION ANNOUNCES $20 MILLION FINANCING WITH FIRST CAPITAL AND FULL CIRCLE CAPITAL
March 1, 2007
Seattle, WA –Ygnition
Networks, a leading provider of Video, Internet,
and Voice services to the multi-family real estate
industry, announced today that it has closed a $20
million senior secured revolving credit facility
provided by both Full Circle Capital and FCC, LLC
(“First Capital”).
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the press release> |
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BODY MAGAZINE
FINANCIAL ROUNDTABLE
Matthew R. Begley, COO
First Capital Financial Services, Asia, LTD
February 2007; Page 102
“ I do not believe these programs
will produce the desired affect of protecting domestic
apparel and textile manufactures and their related
work forces. It is
not accurate to believe that the importation from Vietnam of apparel related
commodities has negatively impacted apparel manufacturing jobs is a natural
function of the development of the economy. If enacted,
these restrictions, whether in
the form of monitoring programs or the re-establishment of the quota system,
will cause inefficiencies in the marketplace that will hurt the U.S. domestic
apparel and textile industry and ultimately the consumer. U.S. companies
need to have the ability to buy the appropriate product
at the appropriate time in
order to remain competitive.” |
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INDUSTRY PERSONNEL AND COMPANY NEWS
February 9, 2007
First Capital: Mark A. Sunshine has been promoted to president.
He will retain his title as chief operating officer. John W.
Kiefer will remain chief executive officer of First Capital... Mark
Hogard was promoted to take over the chief financial officer
responsibilities for Mr. Sunshine...
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the article> |
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MOVERS & SHAKERS
February 9, 2007
Compiled by Baz HIralal
First Capital promoted Mark Sunshine
to president. He will retain his title as chief operating
officer.
Sunshine was chief operating
officer and chief financial officer. Mark Hogard was promoted
to take over CFO duties for Sunshine. |
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FIRST CAPITAL
February 7, 2007
FIRST CAPITAL (Boca Raton, Florida) -- Mark A. Sunshine was appointed
president of this financial-services firm. Mr. Sunshine, 47 years
old, succeeds John W. Kiefer, 60, who continues as chief executive.
Mr. Sunshine continues as chief operating officer. He will be
succeeded as chief financial officer by Mark Hogard. Mr. Hogard,
45, continues as executive vice president, but will relinquish
his title as finance and administration manager. He will retain
some responsibilities from that role, while others will be distributed,
a spokeswoman said. |
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FIRST CAPITAL
January 29, 2007
FIRST CAPITAL (Boca Raton, Florida) -- Thomas “Tim” W.
Strachan joined this financial-services firm as chief credit officer,
a new position, and as a member of the executive management team.
Mr. Strachan, 62, founded T&B Connections LLC and was co-founder,
managing director and part owner of MetSource Capital LLC. |
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FIRST CAPITAL JOINS FACTORS CHAIN INTERNATIONAL
January
25, 2007
WEST PALM BEACH, Fla., First
Capital, a
leading financial services firm, announced today that it has become a
member of the Factors Chain International (FCI) Network. Established
in 1968 as the umbrella organization for independent factoring
companies around the world, FCI has grown into the world's largest
factoring network.
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the press release> |
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SIEMENS FINANCIAL SERVICES AND FIRST CAPITAL ANNOUNCE FORMATION OF JOINT VENTURE
Siemens First Capital Commercial
Finance, LLC Expands the Companies’ Working
Capital & Accounts Receivable Financing Businesses
January 17, 2007
ISELIN, NJ and Boca Raton, Florida,
Siemens
Financial Services, Inc. (SFS), the U.S. financial services arm
of Siemens AG, today announced the recent formation of Siemens
First Capital Commercial Finance, LLC (Siemens First Capital),
a joint venture between SFS and First Capital, a leading financial
services firm headquartered in Boca Raton, Florida The goal
of the joint venture is to further develop both
companies’ working
capital and accounts receivable financing businesses by offering
market-leading solutions to customers in the domestic and Asian
markets.
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the press release> |
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THOMAS W. STRACHAN JOINS FIRST CAPITAL AS CHIEF CREDIT OFFICER
Boca Raton, Florida – First Capital, a leading financial
services firm, announced today that Thomas “Tim” W.
Strachan has joined the company as Chief Credit Officer. Tim will
be a member of the First Capital executive management team.
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the press release> |
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FOR IMMEDIATE RELEASE
FIRST CAPITAL EXECUTES AGREEMENT
WITH DALIAN CITY COMMERCIAL BANK OF CHINA
January 11, 2007
Boca Raton, Florida, First Capital, a leading
financial services firm, announced today the execution of an
agreement between Dalian City Commercial Bank
of Dalian, China and First
Capital Financial Services Asia, Limited, the Hong Kong subsidiary
of First Capital. Through this agreement, Dalian City Commercial
Bank will obtain access to new commercial finance products and
services, including Accounts Receivable financing programs, as
well as technical support in the integration of these programs
into the bank’s commercial loan platform.
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the press release> |
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FOR IMMEDIATE RELEASE
MATTHEW BEGLEY PROMOTED
TO CHIEF OPERATING OFFICER OF FIRST CAPITAL FINANCIAL
SERVICES, ASIA, LIMITED
December 29, 2006
Boca Raton, Florida, First Capital,
a leading financial services firm, announced today
that Matthew R. Begley
has been promoted to Chief Operating Officer of First Capital
Financial Services, Asia, Limited, First Capital’s
Hong Kong subsidiary. In his new position he will
be transferring to the Financial Services
Division and will be in charge of coordinating communication
with funding partners and sources relating to Asian
operations and domestic
asset-based loan transactions that are funded by the Financial
Services Division.
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the press release> |
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FIRST CAPITAL
December 15, 2006; Page B5
FIRST CAPITAL (Boca Raton, Florida) -- Jay Atkins was named president
of First Growth Capital, a new position at the unit of this financial-services
company. Mr. Atkins, 43, was chief executive of Bibby Financial
Services [Inc.] until May. He is the founder of Assured Consulting,
which was acquired by First Capital. |
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FIRST CAPITAL
October 30, 2006
Tom Berner was named executive vice president and general counsel
of this financial-services firm. Mr. Berner, 52, will be a member
of the executive management team. He comes to First Capital from
the international law firm of Katten Muchin Rosenman LLP, where
he was a partner. Previously, he served as a senior legal advisor
at the U.S. Embassy, Kabul, in the Afghanistan Reconstruction
Group. |
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AMERICAN CAPITAL STRATEGIES COMMITS $50 MILLION TO FIRST CAPITAL IN THE FORM OF SENIOR SUBORDINATED DEBT
American Capital Strategies Ltd. (Nasdaq:
ACAS - News) announced today it has provided financing
of
up to $50 million to support the growth of First Capital,
a leading provider of secured, working capital financing
for middle market companies. American Capital's investment
takes the form of senior subordinated debt.
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article > |
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AMERICAN CAPITAL COMMITS $50 MILLION TO FIRST CAPITAL
American Capital Strategies has provided
financing of up to $50 million to support the growth
of First Capital, a provider of secured, working capital
financing for middle-market companies.
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article > |
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FIRST CAPITAL ACHIEVES
"Another one of Kiefer's goals
is 'to create an old line factoring alternative in
a consolidating industry.'"
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article > |
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CREATIVE FINANCIAL SOLUTIONS IN A COMPLICATED WORLD
“We show our capabilities daily
by how we operate.”
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article > |
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FIRST CAPITAL HOLDS OPEN HOUSE
"First Capital held an Open House
Party at The Penn Club in New York City."
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article > |
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