First Capital Names ABL Central Region VP
First Capital said it has hired Mark Schroeder as vice president in the Asset-Based Lending Central Region. Most recently he held the position of VP/BDO with MidCap Business Credit.
First Capital said it has hired Mark Schroeder as vice president in the Asset-Based Lending Central Region. Most recently he held the position of VP/BDO with MidCap Business Credit.
First Capital said it has provided an $8.75 million asset-based senior credit facility to a provider of commercial aircraft services.
First Capital provided a $7 million working capital facility to a manufacturer of pet food packaging, which consists of a $6 million working capital revolver and a $1 million term loan.
First Capital announced its Receivables Asset Monetization Program to provide companies with much-needed liquidity without adding debt to their balance sheet.
First Capital said it has provided a $15.6 million revolving line of credit to Colony, Inc., a manufacturer of fixtures and point-of-sale products for national retail chains.
First Capital said it has appointed Anthony Cianciotti as vice president and legal counsel responsible for the negotiation and documentation of new asset-based and factoring lending activity throughout the country.
First Capital said it provided a $10 million revolving line of credit to Key Industries, a manufacturer of work wear. The senior credit facility is collateralized by accounts receivable and inventory.
First Capital said it closed its largest secured funding facility to date with the issuance of $283 million in floating rate secured notes in its third term securitization.
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.
First Capital said it has hired Eric Serenkin to lead and manage the company’s ABL NY office with responsibility for all asset-based lending new business activity in the NY metro area and surrounding markets.