First Growth Capital, a division of First Capital, announced the hiring of Sarah Stredic as Vice President and Business Development Officer. Stredic will be based in Midland, TX and will be responsible for Business Development and Marketing activities throughout the Permian Basin to meet the working capital credit needs of small and medium-sized businesses.

Stredic has experience in financial services, market development, and portfolio development. Prior to joining First Growth Capital, Stredic was responsible for business development with Security Business Capital specializing in Oil and Gas. Other previous positions include Business Development Officer and Account Executive with Interstate Capital Corp.

“We look forward to building our portfolio with a seasoned professional such as Sarah,” said Jay Atkins, President of First Growth Capital.  “She has consistently ranked as the top producer in her previous positions and we know she will be able to represent the flexible and tailored funding First Growth Capital is able to provide.”

Stredic stated, “This is a great opportunity to bring First Growth Capital’s financing model to the Texas market where I am familiar and have excelled. Many companies can benefit from the receivables financing facilities FGC offers and I look forward to the financing relationships I will be helping to build.”

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. 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 market offices in Atlanta, Boynton Beach, Ft. Lauderdale, Los Angeles, Phoenix, and Oklahoma City with sales offices located across the United States.