First Capital, a leading commercial finance company, announced the hiring of Jason Stewart in its ABL Central Division.  Stewart will lead and manage First Capital’s Dallas office and be responsible for all asset-based lending new business activity in Texas and the South Central market.

Stewart is an experienced financial professional with 25 years of experience in all aspects of the corporate finance industry including business development, underwriting, portfolio management, treasury, accounting, and operations.  Most recently Stewart was Managing Director of Business Development for the asset-based lending group of a national bank.  Stewart started his asset-based lending career with CIT Business Credit as Regional Underwriting Manager and later, National Underwriting Manager. He also held the positions of Senior Structuring Officer and Managing Director of Business Development at CIT Energy.  Past positions also include CEO and Director of Themis Capital Corporation and CFO of Enerven Compression LLC, a sponsor-backed energy services company.

“We are looking forward to having Jason join our team and lead and direct our new business development in the south central market,” said John Curtis, EVP and ABL Central Division Manager.  “Jason brings to First Capital a proven track record of success in the Texas market, especially in the oil and gas market, which will further enhance our product offering in the region.  Jason’s experience and First Capital’s flexibility in providing working capital solutions to middle market companies will position us for continued growth in the region.”

Stewart stated, “First Capital’s business model of providing flexible financing solutions to middle-market companies over the last 25 years has been quite successful.  I look forward to using my experience and relationships to provide working capital solutions to those companies looking to grow and expand in Texas and the region.”

Stewart received a BS in Business Administration from Colorado State University and an MBA from Southern Methodist University.  He is a Certified Public Accountant, holds the Chartered Financial Analyst designation and is a member of the Commercial Finance Association, Association for Corporate Growth and the DFW Society of Financial Analysts.

First Capital provides customized and timely working capital financing solutions primarily to small and middle-market companies engaged mainly in manufacturing, distributing and business services with annual sales greater than $10 million.  Lines of credit are in the form of Asset-Based Loans, Factoring or Invoice Purchasing arrangements ranging from $200,000 to $25 million.  Originally formed in 1988, First Capital is one of the largest independent asset-based working capital lenders in the country.  Headquartered in New York City, the firm has additional offices in Atlanta, Boynton Beach, Chicago, Dallas, Los Angeles, and Oklahoma City with regional sales offices located across the United States.