First Capital announced that it has provided a $6 million asset-based senior credit facility to a distributor of electronics components.  The new facility consists of a $6 million working capital revolver collateralized by accounts receivable and inventory.

The company is both a manufacturer of made-to-specification parts and a distributor of brand name components used by OEM equipment manufacturers. First Capital was selected as the working capital partner based on its ability to quickly obtain credit approval versus other potential lenders. The new credit facility will provide a more flexible structure and create additional liquidity for the company during peak seasonal needs.

This transaction was sourced by Patrick Moody and will be serviced by First Capital’s Eastern Region, managed by John Nooney and located in Atlanta, Georgia. 

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