Daily News: January 22, 2013

First Capital Provides $8.5MM Facility to Drinks Manufacturer


First Capital provided an $8.5 million accounts receivable-backed revolving line of credit. This facility funds the operations of their new client that manufactures fruit juices and cocktail mixes served to guests of institutional and commercial establishments.

This transaction was referred to Martin Dineen and will be serviced by First Capital’s Eastern ABL Region managed by John Nooney in Atlanta, GA.

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 of $10 million to $250 million.