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First Capital Provides $4MM ABL to Product Marketing Services Company

December 12, 2012, 07:53 AM

First Capital provided a $4 million asset-based credit facility to a provider product marketing services to big box retailers. The senior credit facility consists of a working capital revolver secured by accounts receivable and inventory.

First Capital was selected by the management of the company to provide the credit facility because of its ability to create a flexible facility that allows the company to capitalize on current opportunities as well as proceed with its planned growth strategy.

David Braff, vice president and business development officer, stated, “The company is very successful in the solutions they provide to big-box retailers and we are excited to assist the management in the pursuit of continued business success. This funding is a great example of the type of company that benefits significantly First Capital’s flexible and tailored lending not found from traditional lending providers.”

This transaction was sourced by David Braff and will be serviced by First Capital’s ABL Western Region located in Los Angeles and managed by ABL Western Region manager Matthew Grimes.

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