Daily News: November 27, 2012

Molina Joins First Capital as VP, Underwriter


First Capital hired Hector Molina as vice president and underwriter. Molina will be responsible for underwriting and risk analysis of new business for the ABL Eastern Division. Molina has close to ten years in the financial industry in business development, underwriting and portfolio management.

“We have experienced an increase in business and as a result needed a qualified candidate to handle the additional capacity of loan origination underwriting the ABL Eastern Region required,” said John Nooney, EVP and regional manager of First Capital’s ABL Eastern Region. “Hector has the right mix of experience and drive that adds to our strong and talented team and will allow us to offer speedy financing solutions to entrepreneurs in need and help our region reach its growth strategy.”

Prior to joining First Capital, Molina was with SunTrust Jobs as an underwriter in the Asset-Based Lending Division. Other previous positions with SunTrust Jobs include business development officer, portfolio manager and various positions within the credit department.

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