First Capital Provides $4MM Facility to Marketing Company
First Capital provided a $4 million asset-based credit facility to a provider of product marketing services to big box retailers. The senior credit facility consists of a working capital revolver secured by accounts receivable and inventory.
“The company is very successful in the solutions they provide to big-box retailers and we are excited to assist the management in the pursuit of continued business success,” David Braff, vice president and BDO, said. “This funding is a great example of the type of company that benefits significantly First Capital’s flexible and tailored lending not found from traditional lending providers.”
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.