Daily News: November 28, 2012

Lynch Joins First Capital in ABL Central Region


First Capital announced the hiring of Michel R. Lynch, vice president, in the Asset-Based Lending Central region. Lynch will be responsible for new business development in the upper Midwest region with primary emphasis in Minnesota, Wisconsin, Iowa, North Dakota and South Dakota.

Lynch has over 20 years of experience in the commercial banking industry with extensive experience in business development and loan origination, risk analysis, credit underwriting and portfolio management. Most recently, Lynch held the position of VP – senior credit officer with the Marquette Financial Companies. Previously he spent nine years at Wells Fargo Business Credit in portfolio management and business development.

“Michel is a tremendous addition to our Midwest team and his experience in the twin cities area as well as the upper Midwest will allow us to continue to strengthen our expansion in this very important area of the country,” said John Curtis, EVP and ABL Central regional manager.

Lynch stated, “I am pleased to be joining First Capital and the ABL Central region. As one of the largest non-bank commercial finance lenders in the country, First Capital will allow me to use my experience and contacts to bring more flexible and tailored financing solutions to middle-market companies in the region. I will be able to customize a financing solution for a company and quickly move to get the capital in place to promote the company’s growth and expansion.”

First Capital provides working capital financing from $2 million to $25 million primarily to small and middle-market business owners with annual sales ranging from $10 million to $250 million.