FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / Press Releases / Read Press Release


First Growth Capital Provides $5MM to Retail Beverage Display Producer

April 16, 2013, 07:48 AM
Filed Under: Specialty Industries

First Growth Capital, a division of First Capital, provided a $5 million working capital credit facility to a producer of retail beverage displays. The facility is collateralized by the client’s account receivables and inventory. The company was looking for a new lender that would provide additional working capital for seasonal financing needs and could complete the funding within two weeks.

“The company needed a lender who could provide a flexible financing facility that included provisions for seasonal financing needs,” remarked David Koran, vice president of business development for First Growth Capital. “The company has an excellent sales history and a very strong customer base. We look forward to a long and successful business partnership.”

First Growth Capital provides working capital financing starting at $250,000 primarily to small and middle-market business owners with annual revenue of at least $1 million. Credit facilities are in the form of recourse factoring and non-traditional asset-based lending arrangements.

First Growth Capital provides client services and business development from its location in Boynton Beach, Florida, with regional sales offices in North Carolina and Los Angeles.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.