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First Growth Capital Provides $1.5MM to Marketing Communiations Firm

July 11, 2013, 08:03 AM
Filed Under: Communications

First Growth Capital, a division of First Capital, announced it has provided a $1.5 million working capital credit facility to a provider of marketing communications services.  The facility is collateralized by the client’s account receivables.  The company was looking for a new lender that would provide working capital while the company completes its restructuring plans.

“The company has a long history of nearly 100 years in the printing industry but responded to the need to restructure and transition itself to a broader business definition coming out of the recession,” remarked Richard Lehrter, vice president and business development officer. “The company has a solid reputation with strong management and we are happy to be helping them with their financing needs.”

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. 

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