Bartash Printing Secures $8 Million Credit Facility from First Capital
PHILADELPHIA/BOCA RATON, FL—August 4, 2011—First Capital, a specialized commercial finance company, announced that it has provided an $8 million asset-based lending facility to Bartash Printing, a commercial printer. First Capital was chosen as the preferred working capital lender because of its ability to customize a financing structure that worked for Bartash Printing in the transition from a traditional bank lender to commercial lender.
“Not only did Bartash need to obtain funding as its current lender was ceasing financing to large manufacturers, the company was also in the early stages of a substantial turnaround,” remarked Leo Pound, president of Pound Consulting, who is working with Bartash during the company’s turnaround. “First Capital was able to provide the maximum working capital and create a financing structure that a traditional bank lender could not. Bartash can now concentrate on its growth plan and on fulfilling the needs of recently acquired customers.”
Kevin McGarry, executive vice president and northeast regional manager for First Capital remarked, “First Capital has the capability to create flexible structuring and deliver financing solutions that are tailored to the needs of our clients. The flexible structuring of financial packages is an advantage First Capital has as a privately owned non-bank provider of capital.”
About First Capital
First Capital provides working capital financing typically ranging from $3-$15 million primarily to small and middle-market entrepreneurs with annual sales ranging from $10 million to $100 million in the form of Asset-Based Loans and Factoring. A team of approximately 200 professionals is committed to understanding our clients' business plans and providing timely and consistent funding decisions. Our size and scope make First Capital the preferred working capital partner—small enough to build deep personal relationships and big enough to deliver the ideal solutions. Our commitment is to build long-lasting, mutually-beneficial relationships with clients and their advisors. First Capital differentiates itself from competitors with a performance-based culture and values-driven focus that provides the foundation for our growth and will continue to guide our vision for the future. Headquartered in Boca Raton, Florida, the firm has additional full-service offices in New York, Los Angeles, Atlanta and Oklahoma City with sales offices located across the United States. For more information, please visit www.firstcapital.com.