First Capital announced that Chris Gouskos has been promoted Texas business development manager.  In his new role, Gouskos will be responsible for business development activities throughout the state of Texas as well as establishing a regional market office.

Gouskos is a seasoned professional with over 25 years of experience in all aspects of corporate finance industry including business development, underwriting, portfolio management and operations.  Prior to joining First Capital, Gouskos was a managing director at Focus Management Group, managing a primary contract with the FDIC and generating new business opportunities for their restructuring practice.  Other previous positions include running the asset-based lending divisions of Textron Financial and Conseco Finance as well as Division Management positions with GE Consumer Finance and Bank of America.  

“First Capital has been successful through the years in Texas and today has a very strong client base established.  Over the next few years, we see significant growth opportunities in the Texas market for middle-market companies that need capital for growth and expansion, acquisitions, or to assist in the turnaround of their business.” said John Curtis, ABL Central Region manager and executive vice president.  “Since joining First Capital, Chris has done an excellent job in expanding our business in the North Texas market.  His experience, contacts, and business development skills are a perfect fit for our expansion in other parts of the state.  I am real pleased and excited to have Chris leading this initiative.” 

Gouskos added “I look forward to this expanded role and the opportunity to further develop the Texas market for First Capital. This is an exciting time for the ABL Central Region to help middle market companies obtain the financing they need to accomplish their growth strategies.”

In a separate release, First Capital announced it has provided a $10 million working capital facility to a software sales and service provider. The senior credit facility consists of a $10 million working capital revolver collateralized by accounts receivable.  First Capital was selected as the working capital partner based on its ability to create a financing solution that would meet the company’s on-going working capital needs and allow for growth. 

“The company initially has trouble finding a lender that was able to work with their unique corporate structure,” stated Nick McDearis, Business Development Officer.  “We were happy to work with the company to find a financing solution that would align with their growth strategy.”

This transaction was referred to Nick McDearis and will be serviced by First Capital’s ABL Eastern Region. 

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 $10 million to $250 million.