ATLANTA, GA and NY, NY, March 4, 2013 – First Capital, a specialized commercial finance company, announced that it has provided a $13.5 million Asset-Based senior credit facility to a distributor of automotive accessories.  The senior credit facility is collateralized by accounts receivable and inventory.

First Capital was selected as the working capital partner based on its ability to tailor a creative financing solution that provided more flexibility than their previous lender.

First Capital provides working capital financing ranging from $2 million to $25 million primarily to small and middle-market business owners with annual sales ranging from $10 million to $250 million.  Credit facilities are in the form of Asset-Based loans or Factoring arrangements. 

“The company has a very strong customer base that includes large retail distribution channels and as such, they needed to find a lender that would be able to create a facility that allowed extended dating terms,” remarked Jim Perrotta, Vice President and Business Development Officer in the ABL Eastern Region. “As an independent lender, First Capital has the ability to create flexible terms not found through traditional regulated lending channels.”

This transaction was referred to Jim Perrotta and will be serviced by First Capital’s Eastern ABL Region, managed by John Nooney and located in Atlanta, Georgia.  For further information relating to this deal or for working capital financing solutions in the Eastern region, please contact Mr. Perrotta at 904-432-8517 or Mr. Nooney at 678-594-5900.

About First Capital
First Capital provides working capital financing typically ranging from $2 million to $25 million primarily to small and middle-market entrepreneurs with annual sales ranging from $10 million to $250 million. Credit facilities are in the form of Asset-Based Loans or Factoring arrangements. First Capital is one of the largest independent Asset-Based working capital lenders in the United States. Headquartered in New York City, the firm has additional full-service offices in Atlanta, Boynton Beach, Los Angeles, and Oklahoma City with sales offices located across the United States. For more information, please visit www.firstcapital.com.