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WILL OLIVENCIA JOINS FIRST CAPITAL AS VICE PRESIDENT & UNDERWRITER IN MIDSOUTH REGION
February 1, 2012
ATLANTA, GA and BOCA RATON, FL. – First Capital, a specialized commercial finance company, announced today the hiring of Will Olivencia as Vice President and Underwriter in First Capital’s MidSouth regional office located in Atlanta, Georgia. Mr. Olivencia will be responsible for underwriting and risk analysis of new business for the MidSouth Region.
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FIRST CAPITAL PROVIDES $7.5 MILLION ASSET-BASED CREDIT FACILITY TO GARDNER GLASS PRODUCTS, INC
January 30, 2012
ATLANTA, GA. and BOCA RATON, FL – First Capital, a specialized commercial finance company, announced that it has provided a $7.5 million asset-based senior credit facility to Gardner Glass Products, Inc., a producer of quality mirror and glass products in the United States. The senior credit facility consists of a $6.5 million working capital revolver collateralized by accounts receivable and inventory, and a machinery and equipment term loan in the amount of $1 million.
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FIRST CAPITAL PROVIDES $6 MILLION ASSET-BASED CREDIT FACILITY TO BRANDED FRUIT JUICE & BEVERAGE PRODUCER
January 23, 2012
LOS ANGELES, CA, and BOCA RATON, FL – First Capital, a specialized commercial finance company, announced that it has provided a $6 million asset-based lending facility to a producer of branded fruit juices and beverages. The credit facility is collateralized by the client's accounts receivable and inventory.
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GERARD HANABERGH JOINS FIRST CAPITAL AS EXECUTIVE VICE PRESIDENT AND CHIEF CREDIT OFFICER
January 17, 2012
BOCA RATON, FL - First Capital, a specialized commercial finance company, announced that Gerard Hanabergh has joined the company as Executive Vice President and Chief Credit Officer. Mr. Hanabergh has over 25 years in the loan and finance industry in compliance, credit structuring and underwriting, client relationship management, marketing and general management.
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JEFFREY T. REYNOLDS JOINS FIRST GROWTH CAPITAL AS VICE PRESIDENT IN THE CHICAGO AND SURROUNDING MIDWEST REGION
January 11, 2012
Boca Raton, FL - First Growth Capital, a division of First Capital, announced the hiring of Jeffrey T. Reynolds as Vice President in the Chicago and surrounding Midwest region. Mr. Reynolds will be based out of Chicago and will be responsible for marketing and business activities to meet the working capital credit needs of small and medium-sized businesses. Mr. Reynolds has 15 years of experience in originating, credit analysis, underwriting, portfolio management, factoring receivables and business development.
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FIRST CAPITAL MIDWEST REGION EXPANDS HOUSTON OFFICE AND HIRES NAJEEB BAQUI AS BUSINESS DEVELOPMENT ASSOCIATE
December 7, 2011
HOUSTON, TX and OKLAHOMA CITY, OK â First Capital, a specialized commercial finance company, announced the expansion of the Houston office with the hiring of Najeeb Baqui as Business Development Associate. The Houston office is managed by Vice President and Business Development Officer Margaret Ceconi and is part of the Midwest Region led by Executive Vice President John A. Curtis.
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FIRST CAPITAL PROVIDES $15 MILLION CREDIT FACILITY TO CHEMICAL MANUFACTURER AND SUPPLIER
November 28, 2011
BOCA RATON, FL â First Capital, a specialized commercial finance company, announced that it has provided a $15 million working capital facility to a chemical manufacturer and supplier to the oil and gas industry. The new credit facility consists of a revolving line of credit collateralized by accounts receivable and inventory.
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FIRST CAPITAL PROVIDES $6.5 MILLION ASSET-BASED CREDIT FACILITY TO EURO STYLE INTERNATIONAL, INC.
November 14, 2011
LOS ANGELES, CA, and BOCA RATON, FL, November 14, 2011 â First Capital, a specialized commercial finance company, announced that it has provided a $6.5 million asset-based credit facility to Euro Style International, Inc., a distributor of fashion apparel.
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FIRST CAPITAL PROVIDES $10 MILLION CREDIT FACILITY TO A GLOBAL MANUFACTURER OF INNOVATION METALWORKING FLUIDS AND SPECIALTY INDUSTRIAL CHEMICALS COMPANY
October 26, 2011
HOUSTON, TX and BOCA RATON, FL â First Capital, a national commercial finance company, announced that it has provided a $10 million Asset-Based credit facility to a global manufacturer of innovative metalworking fluids and specialty industrial chemicals company.
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FIRST CAPITAL PROVIDES CREDIT FACILITY TO RANGER OFFSHORE, INC.
October 18, 2011
HOUSTON, TX and BOCA RATON, FL, Oct 18, 2011 â First Capital, a commercial finance company, announced that it has provided an Asset-Based credit facility to Ranger Offshore, Inc., a marine and subsea construction support services to the offshore oil and gas industry. The new credit facilities consist of a revolving line of credit collateralized by certain selected assets of the business.
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FIRST CAPITAL PROVIDES $4 MILLION CREDIT FACILITY TO EDGE ADHESIVES
October 6, 2011
FT WORTH, TX and BOCA RATON, FL â First Capital, a commercial finance company, announced that it has provided a $4 million Asset-Based credit facility to Edge Adhesives, a manufacturer of specialty tapes, sealants and adhesives. The new credit facilities consist of a revolving line of credit and a term loan collateralized by accounts receivable, inventory, equipment and real estate.
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FIRST CAPITAL PROVIDES $16 MILLION WORKING CAPITAL LINE OF CREDIT TO M.M. & R. INC.
October 3, 2011
NEW YORK, NY and BOCA RATON, FL â First Capital, a specialized commercial finance company, announced that it has provided a $16 million working line of credit to M.M. & R., an apparel distributor. The credit facility is in the form of a factoring agreement and is collateralized by the clientâs account receivables and inventory.
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FIRST CAPITAL PROVIDES $4 MILLION ASSET-BASED CREDIT FACILITY TO KENTEC, INC.
September 26, 2011
ATLANTA, GA, and BOCA RATON, FL â Triangle Capital Access Co. has facilitated the closing of $5.2 million in new credit facilities for Kentec, Inc., an Atlanta-based regional distributor of power tools and fasteners to the construction and woodworking industries. The new credit facilities consist of a $4 million revolving line of credit from First Capital, a specialized commercial finance company, collateralized by accounts receivable and inventory, and a $1.2 million real estate mortgage on the clientâs office/warehouse building by an additional lender.
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FIRST CAPITAL PROVIDES $4.5 MILLION ASSET-BASED CREDIT FACILITY TO FOAM PACKAGING DESIGNER & MANUFACTURER
September 19, 2011
ATLANTA, GA. and BOCA RATON, FL â First Capital, a specialized commercial finance company, announced that it has provided a $4.5 million asset-based lending working capital facility to a foam packaging designer and manufacturer. The credit facility consists of a $4 million revolver collateralized by accounts receivable and inventory. There is also a $0.5 million term loan on machinery and equipment.
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JAMES PERROTTA JOINS FIRST CAPITAL AS VICE PRESIDENT IN SOUTHEAST REGION
September 15, 2011
Boca Raton, FL â First Capital, a leading commercial finance company, announced the hiring of James Perrotta as Vice President in its Southeast Region. Mr. Perrotta will be based out of First Capital's Boca Raton office and will be responsible for marketing and business development activities to meet the financing needs of growing and middle-market companies throughout the Northern and West Coast Florida regions.
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FIRST CAPITAL PROVIDES $6 MILLION CREDIT FACILITY TO FIRST AMERICAN TITLE LOANS OF GEORGIA, LLC
September 14, 2011
BOCA RATON, FL â First Capital, a specialized commercial finance company, announced that it has provided a $6 million working capital facility to First American Title Loans of Georgia, LLC. The structure consists of a $6 million revolving line of credit secured by accounts receivable.
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FIRST CAPITAL PROVIDES $4 MILLION ASSET-BASED CREDIT FACILITY TO FLOORING DISTRIBUTOR
September 7, 2011
ATLANTA, GA. and BOCA RATON, FL â First Capital, a specialized commercial finance company, announced that it has provided a $4 million asset-based lending working capital facility to a flooring distributor. The senior-secured facility is backed by accounts receivables and inventory. First Capital was chosen to do the deal because of its ability to close the deal quickly.
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W. CALVIN NAVATTO JOINS FIRST CAPITAL AS VICE PRESIDENT IN NORTHEAST REGION
August 31, 2011
New York, NY â First Capital, a leading commercial finance company, announced the hiring of W. Calvin Navatto as Vice President in its Northeast Region. Mr. Navatto will be based out of First Capital's New York office and will be responsible for marketing and business development activities to meet the financing needs of growing and middle-market companies throughout the New York metropolitan area.
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FIRST CAPITAL PROVIDES $10 MILLION CREDIT FACILITY TO FIRST SERVICE NETWORKS
August 29, 2011
ATLANTA, GA, LINTHICUM, MD and BOCA RATON, FL, August 29, 2011 â First Capital, a specialized commercial finance company, announced that it has provided a $10 million asset-based credit facility to First Service Networks, a multi-site facilities maintenance and repair specialist that works with clients in multiple industries including restaurant, retail, transportation and logistics.
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FIRST CAPITAL PROVIDES $5 MILLION WORKING CAPITAL LINE OF CREDIT TO BAUM TEXTILE MILLS, INC.
August 17, 2011
NEW YORK, NY and BOCA RATON, FL, August 17, 2011 â First Capital, a specialized commercial finance company, announced that it has provided a $5 million line of credit to Baum Textile Mills, Inc., a textile converter and distributor of uniforms. The credit facility is in the form of a factoring agreement and is collateralized by the clientâs accounts receivable and inventory.
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FIRST CAPITAL PROVIDES $2.75 MILLION CREDIT FACILITY TO CADY BAG COMPANY
August 15, 2011
ATLANTA, GA and BOCA RATON, FL â First Capital, a specialized commercial finance company, announced that it has provided a $2.75 million working capital facility to Cady Bag Company, a manufacturer of agricultural and BOPP high graphic flexible packaging. The structure consists of a $2.25 revolving line of credit secured by accounts receivable and inventory, and a $.5 million term loan backed by machinery and equipment.
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MARTIN P. DINEEN JOINS FIRST CAPITAL AS VICE PRESIDENT IN NORTHEAST REGION
August 10, 2011
New York, NY â First Capital, a leading commercial finance company, announced the hiring of Martin P. Dineen as Vice President in its Northeast Region. Mr. Dineen will be based out of First Capitalâs New York office and will be responsible for marketing and business development activities to meet the financing needs of growing and middle market companies throughout the Northeast United States.
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FIRST CAPITAL PROVIDES $8 MILLION ASSET-BASED CREDIT FACILITY TO BARTASH PRINTING, INC.
August 3, 2011
PHILADELPHIA, PA, and BOCA RATON, FL, August 3, 2011 â First Capital, a specialized commercial finance company, announced that it has provided an $8 million asset-based lending facility to Bartash Printing, Inc., a commercial printer. The revolving line of credit facility is collateralized by accounts receivable and inventory.
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FIRST CAPITAL PROVIDES $10 MILLION WORKING CAPITAL LINE OF CREDIT TO TARA TOY CORPORATION
July 21, 2011
NEW YORK, NY and BOCA RATON, FL, July 21, 2011 â First Capital, a specialized commercial finance company, announced that it has provided a $10 million working line of credit to Tara Toy Corp., a designer, developer and importer of childrenâs toys. The credit facility is in the form of a factoring agreement and is collateralized by the clientâs account receivables and inventory.
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MATTHEW GRIMES JOINS FIRST CAPITAL AS SENIOR VICE PRESIDENT AND WESTERN REGION ABL MANAGER
July 12, 2011
Los Angeles, CA and Boca Raton, FL, July 12, 2011 â First Capital, a specialized commercial finance company, announced that Matthew Grimes has joined the company as Senior Vice President and Western Region ABL Manager. Mr. Grimes will be responsible for all ABL business activity throughout the Western Region including marketing, portfolio management and business development.
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WESTLB AND KEY BANK RENEW $350 MILLION CREDIT FACILITIES FOR FIRST CAPITAL
July 12, 2011
Boca Raton, FL and New York, NY, July 12, 2011 â WestLB AG New York Branch, acting as Arranger and Agent, announced today its renewed commitment in an aggregate amount of $350 million to two secured credit facilities for First Capital, a leading commercial finance company.
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FIRST CAPITAL PROVIDES $6 MILLION CREDIT FACILITY TO MANUFACTURER AND WHOLESALER OF JANITORIAL SUPPLIES
July 6, 2011
BOCA RATON, FL, July 6, 2011 â First Capital, a specialized commercial finance company, announced that it has provided a $6 million working capital facility to a manufacturer and wholesaler of janitorial supplies.
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FIRST CAPITAL PROVIDES $5.5 MILLION ASSET-BASED CREDIT FACILITY TO SKIING EQUIPMENT MANUFACTURER & DISTRIBUTOR
June 29, 2011
NEW YORK, NY and BOCA RATON, FL, June 29, 2011 Â First Capital, a specialized commercial finance company, announced that it has provided a $5.5 million asset-based lending facility to a Northeast skiing equipment manufacturer and distributor. The credit facility consists of a $5.5 million revolver collateralized by accounts receivable and inventory.
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FIRST CAPITAL ISSUES $100 MILLION IN SECURED BONDS IN ITS SECOND TERM SECURITIZATION
June 21, 2011
BOCA RATON, FL and NEW YORK, NY, June 21, 2011 - First Capital, a specialized commercial finance company, announced today that it has issued $100 million in floating rate secured bonds in its second term securitization.
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FIRST CAPITAL PROVIDES $16 MILLION ASSET-BASED CREDIT FACILITY TO UNITED PIPE & SUPPLY CO., INC.
June 20, 2011
LOS ANGELES, CA, SEATTLE, WA, PORTLAND, OR, and BOCA RATON, FL, June 20, 2011 Â First Capital, a specialized commercial finance company, announced that it has provided a $16 million asset-based lending facility to United Pipe & Supply, a regional distributor of water pipes, valves, meters and related fittings for commercial and residential use. The revolving line of credit facility is collateralized by accounts receivable and inventory.
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DAVID KORAN JOINS FIRST GROWTH CAPITAL AS VICE PRESIDENT IN THE NORTH CAROLINA, SOUTH CAROLINA AND GEORGIA REGION
June 17, 2011
Boca Raton, FL - First Growth Capital, a division of First Capital, announced the hiring of David Koran as Vice President in the North Carolina, South Carolina and Georgia region. Mr. Koran will be based out of North Carolina and will be responsible for marketing and business activities to meet the working capital credit needs of small and medium-sized businesses.
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MARK D. ORLANDO JOINS FIRST CAPITAL AS VICE PRESIDENT IN WESTERN REGION
June 17, 2011
Los Angeles, CA, June 17, 2011 Â First Capital, a leading commercial finance company, announced the hiring of Mark D. Orlando as Vice President in its Western Region. Mr. Orlando will be based out of First CapitalÂs Los Angeles office and will be responsible for marketing and business development activities to meet the financing needs of growing and middle market companies throughout the Western United States.
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FIRST CAPITAL RENEWS DZ BANK LINE FOR $150 MILLION
May 23, 2011
First Capital, a specialized commercial finance company, announced today that it has renewed and extended the maturity from June 2012 to June 2013 on its $150 million senior secured credit facility with DZ BANK. The successful financing was an early extension and demonstrates the support for First Capital by its bank lenders.
With approximately $875 million in assets under management, First Capital is one of the largest independent working capital lenders in the United States providing asset-based lending and factoring services. The companyÂs clients typically have annual revenues ranging from $10-$100 million and have event-driven needs such as rapid growth or turnaround.
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FIRST CAPITAL PROVIDES OVER $330 MILLION IN NEW CREDIT LINES
May 16, 2011
First Capital announced today that it has provided over $330 million in new credit lines to small and medium-sized businesses since May 18, 2010 when it almost doubled its equity in a capital raise led by H.I.G. Capital.
The new fundings demonstrate the strength of origination platform for working capital loans to small and medium-sized business.
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FIRST CAPITAL PROVIDES $8 MILLION ASSET-BASED CREDIT FACILITY TO ELECTRONICS COMPANY
Apr 7, 2011
ATLANTA, GA. and BOCA RATON, FL, April 7, 2011 Â First Capital, a specialized commercial finance company, announced that it has provided an $8 million asset-based lending working capital facility to a contract manufacturing and design services company involving electronics and electro mechanical assemblies.
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MARGARET A. CECONI JOINS FIRST CAPITAL AS VICE PRESIDENT IN ITS HOUSTON OFFICE
Apr 6, 2011
HOUSTON, Tex. & OKLAHOMA CITY, Okl., April 6, 2011 Â First Capital, a leading commercial finance company, today announced the hiring of Margaret A. Ceconi as Vice President of Business Development in the companyÂs Houston office. Ms. Ceconi will be responsible for marketing and business development in the Houston, South Texas and Louisiana markets for First CapitalÂs Midwest Region.
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FIRST CAPITAL PROVIDES $6 MILLION CREDIT FACILITY TO HOME FASHION COMPANY
Apr 5, 2011
NEW YORK, NY and BOCA RATON, FL, April 5, 2011  First Capital, a specialized commercial finance company, announced that it has provided a $6 million working capital line of credit to a distributor of high-end imported home furnishings and accessories. The credit facility is in the form of a factoring agreement and is collateralized by the clients account receivables and inventory.
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FIRST CAPITAL PROVIDES $5 MILLION ASSET-BASED CREDIT FACILITY TO FLOORING COMPANY
Apr 1, 2011
ATLANTA, GA. and BOCA RATON, FL, April 1, 2011 Â First Capital, a specialized commercial finance company, announced that it has provided a $5 million asset-based lending working capital facility to a company that distributes and installs flooring in the southeast. The senior-secured facility is backed by accounts receivables and inventory. First Capital was chosen to do the deal because of its ability to close the deal quickly.
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FIRST CAPITAL PROVIDES $7 MILLION CREDIT FACILITY TO E.A.S. COMPANY
Mar 30, 2011
BOCA RATON, FL, March 30, 2011 Â First Capital, a specialized commercial finance company, announced that it has provided a $7 million asset-based facility or working capital line of credit to an electronic article surveillance (EAS) distributor. The facility is collateralized by the clientÂs account receivables and inventory.
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FIRST CAPITAL PROVIDES $13.15 MILLION CREDIT FACILITY TO MADISON KIPP
Feb 16, 2011
OKLAHOMA CITY, OK and BOCA RATON, FL, February 16, 2011 Â First Capital, a specialized commercial finance company, announced that it has provided a $13.15 million asset-based facility in the form of a $10.5 senior secured line of credit and a $2.65 million term loan. In addition to replacing its previous working capital facility, First Capital was able to increase the Madison KippÂs overall liquidity.
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First Capital Issues $100.0 million of Unsecured Notes due 2015 in the High Yield Market
Jan 4, 2011
BOCA RATON, Florida - First Capital Holdings, Inc. (together with its subsidiaries "First Capital") announced that two of its subsidiaries issued $100.0 million in aggregate principal amount of Senior Notes due 2015 in a private placement that closed on December 21, 2010. The net proceeds from the offering of the notes were used to repay certain outstanding indebtedness and for general corporate purposes.
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FIRST CAPITAL ANNOUNCES SENIOR NOTES OFFERING
Dec 6, 2010
BOCA RATON, Florida -
First Capital Holdings, Inc. (together with its subsidiaries,
"First Capital") announced today that its wholly-owned subsidiary, FCC
Holdings, LLC and its indirect wholly-owned subsidiary, FCC Holdings Finance
Subsidiary, Inc. intend to offer $100.0 million of Senior Notes due 2015 in a
private placement. The offered notes will be guaranteed by FCC, LLC, a direct
wholly-owned subsidiary of FCC Holdings, LLC. The net proceeds from the
offering of the notes will be used to repay certain outstanding indebtedness of
FCC Holdings, LLC and its subsidiaries, and for general corporate purposes.
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KEVIN M. McGARRY JOINS FIRST CAPITAL AS EXECUTIVE VICE PRESIDENT & NORTHEAST REGIONAL MANAGER
Oct 4, 2010
NEW YORK and BOCA RATON, Fla. - First Capital, a specialized commercial finance company announced today that Kevin M. McGarry has been named Executive Vice President and Northeast Regional Manager at First Capital. Mr. McGarry is responsible for overseeing all operational aspects of First Capital's Northeast regional office located in New York City.
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JOHN TODD JOINS FIRST CAPITAL AS VICE PRESIDENT
August 26, 2010
First Capital, a leading commercial finance company, today announced that John Todd has been named the Vice President and Business Development Officer for First Capital's newest office located in Chicago, Illinois. Mr. Todd will be responsible for business development and marketing in Chicago and the surrounding regions.
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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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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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