Daily News: April 16, 2013

First Capital Provides Facility to Beverage Display Producer

First Growth Capital, a division of First Capital, said it has provided a $5 million working capital credit facility to a producer of retail beverage displays. The facility is collateralized by the client’s account receivables and inventory. The company was looking for a new lender that would provide additional working capital for seasonal financing needs and could complete the funding within two weeks.

“The company needed a lender who could provide a flexible financing facility that included provisions for seasonal financing needs,” remarked David Koran, vice president of Business Development for First Growth Capital. “The company has an excellent sales history and a very strong customer base. We look forward to a long and successful business partnership.”