LOS ANGELES, Cal. and BOCA RATON, Fla. June 29, 2010 – First Capital, a leading commercial finance company, announced that it has provided a $1 million revolving line of credit to Pima Direct, LLC, a leading manufacturer of custom branded luxury golf apparel. The facility is secured by accounts receivable and inventory and First Capital is providing credit administration, collections and credit protection to the client.
This transaction was originated and will be serviced by First Capital’s Western Region, managed by Ron Garber and located in downtown Los Angeles, California. He can be contacted at 213412-1540.
About First Capital
First Capital is a leading commercial finance company providing Asset Based Lending and Factoring to the owners of small and mid-sized companies. These working capital loans are primarily secured by receivables and inventory. With assets of approximately $1 billion, First Capital is one of the largest independent and fastest-growing commercial finance companies in the United States. It differentiates itself from larger finance company and bank competitors through certainty of timely funding. First Capital believes that its ability to provide exceptional service, the quality of its professionals and its efficient delivery structure make it a preferred lender to its clients and a preferred borrower to its lenders. Headquartered in Boca Raton, FL, the firm has full-service offices in New York, Los Angeles, Atlanta and Oklahoma City as well as a processing center in Manila. Please visit www.FirstCapital.com for more information.
About Pima Direct
For over 7 years, Pima Direct has built a unique company that allows Golf and Resort retailers to build custom high quality apparel featuring their most valuable asset, their own Brand. By leveraging their existing investment in their own brand, retailers can then realize enhanced margins while providing their members, customers and guests a more pleasurable buying experience. Please visit www.pimadirect.com for more information.
Contact:
Suzanne Dawson Linden Alschuler & Kaplan 212.329.1420 sdawson@lakpr.com
