First Capital announced it has provided an $8.5 million accounts receivable-backed revolving line of credit.  This facility funds the operations of their new client, who manufactures fruit juices and cocktail mixes served to guests of institutional and commercial establishments.

First Capital was selected was based on its ability to quickly provide robust working capital funding, and on its capacity to expand the facility in line with the client’s future growth.

First Capital provides working capital financing typically ranging from $2 million to $25 million primarily to small and middle-market business owners with annual sales ranging from $10 million to $250 million.  Credit facilities are in the form of Asset-Based loans or Factoring arrangements. 

This transaction was referred to Martin Dineen and will be serviced by First Capital’s Eastern ABL Region managed by John Nooney in Atlanta, Georgia. 

First Capital provides working capital financing typically ranging from $2 million to $25 million primarily to small and middle-market entrepreneurs with annual sales ranging from of $10 million to $250 million. Credit facilities are in the form of Asset-Based Loans or Factoring arrangements. First Capital is one of the largest independent Asset-Based working capital lenders in the United States. Headquartered in New York City, the firm has additional full-service offices in Ft. Lauderdale, Boca Raton, Los Angeles, Atlanta and Oklahoma City with sales offices located across the United States.