Daily News: January 15, 2015

First Growth Capital Provides $2.3MM in Q4/14 Credit Facilities


First Growth Capital, a division of First Capital, announced that it provided $2.3 million in working capital credit facilities during Q4 2014. The various facilities are collateralized by the clients’ account receivables.

The facilities include $1 million for a cellular site maintenance company experiencing high growth, $.5 million for a wireless carrier maintenance and audit services company needing more availability, and $.8 million for a contract manufacturer looking for a flexible lender offering tailored financing facilities.

“We ended the year in a good position as we have a variety of clients and the industries to which they belong,” remarked Jay Atkins, president of First Growth Capital. “We encountered many companies in 2014 that needed our financing packages and quality invoice purchasing to help their businesses succeed.”