Euro Style gets $6.5 mn credit facility from First Capital

15 Nov '11

2 min read

First Capital, a specialized commercial finance company, announced that it has provided a $6.5 million asset-based credit facility to Euro Style International, Inc., a distributor of fashion apparel. The credit facility is in the form of a factoring agreement and is collateralized by the client's accounts receivable and inventory.

First Capital was introduced to this transaction because of its successful relationship and history with two other Martin Terzian affiliated companies (i.e., Pacific Intl. Alliance, Inc. and Pacific Legwear, Inc.).

Ron Garber, Executive Vice President and First Capital Western Region Manager stated, “We have always enjoyed working with Martin and his team at Pacific. We were able to see the big picture of what they are doing with Euro Style and give them a structured financing package that helped maximize their working capital.”

"In the past, we worked with two different lenders, but in our relationship with First Capital, we consolidated our financing and increased our advance rate with more flexibility," remarked Marin Terzian. “The First Capital team recognized our vision and partnered in our strategy, stepping up and going the extra mile. As a result, the deal was funded within two weeks, which allowed us to get back to running our business.”

This transaction was sourced by Ron Garber and will be serviced by First Capital's Western Region, managed by Ron Garber and located in Los Angeles, California.

First Capital provides working capital financing typically ranging from $3 million to $20 million primarily to small and middle-market entrepreneurs with annual sales ranging from $10 million to $100 million. Credit facilities are in the form of Asset-Based Loans or Factoring arrangements. First Capital is one of the largest independent Asset-Based working capital lenders in the United States.

First Capital

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