First Capital Sells ABL and Factoring Businesses

First Capital completed the sale of its three product businesses to separate buyers. Traditional factoring was sold to Sterling Bancorp, Recourse Factoring was sold to Seacoast National and Asset Based Lending was sold to Ares Commercial Finance.

First Capital Provides Simon Metals ABL Facility

First Capital provided a $4.5 million ABL facility to Simon Metals, a scrap metal recycling service provider located in the Pacific Northwest.

First Capital Provides Flavored Water Company ABL

First Capital provided a $6 million ABL facility to Hint, a maker of flavored water. The senior credit facility consists of a working capital revolver secured by A/R and inventory.

First Capital Provides ABL to Tire Distributor

First Capital announced it provided a $21 million asset-based senior credit facility to a distributor of tires and supplies for the automotive, agricultural and professional industries.

First Capital Provides Household Furnishings Manufacturer ABL

First Capital provided a $15 million ABL facility to a manufacturer and distributor of household furnishings. The senior credit facility consists of a working capital revolver collateralized by A/R and inventory.

First Capital Provides ED MAP Revolver

First Capital provided a $7 million revolver to ED MAP. The senior credit facility consists of a working capital revolver collateralized by accounts receivable and inventory.

First Capital Originates $62MM in Q3 Deals

First Capital said it has originated 12 deals with $62 million of new credit lines in Q3/14 bringing the year’s total to $180 million.

First Capital Closes $7.8MM Facility for Tapco Circuit

First Capital announced it provided a $7.8 million credit facility to Tapco Circuit Supply. The facility consists of a $7 million revolver and an $800,000 term loan.

First Capital Provides ABL Facility to IT Staffing Firm

First Capital provided a $4 million ABL credit facility to a provider of IT staffing personnel. The facility consists of a $4 million working capital revolver collateralized by accounts receivable.

First Capital Provides $15.5MM ABL to Barbieri Trucking

First Capital announced it provided a $15.5 million ABL to Nick Barbieri Trucking.