WEST PALM BEACH, Fla., Jan. 25 - First Capital, a leading financial services firm, announced today that it has become a member of the Factors Chain International (FCI) Network. Established in 1968 as the umbrella organization for independent factoring companies around the world, FCI has grown into the world's largest factoring network.
Jeroen Kohnstamm, Secretary General of FCI, officially welcomed First Capital stating, “I am confident that your Company (First Capital) will contribute to the growth of international factoring under the FCI umbrella.” Membership is only granted to companies which are committed to maintain the high service standards FCI has pursued since 1968.
“First Capital is honored to be part of the Factors Chain International Network and looks forward to working closely with other members and the organization itself to benefit the international factoring community as a whole,” commented John W. Kiefer, President and Chief Executive Officer of First Capital,
Mark Sunshine, Chief Operating Officer and Chief Financial Officer, added, “The FCI membership and credibility will help First Capital expand services to Asia to satisfy the demand there. First Capital has much to offer in the way of experience and operational efficiencies and brings to the table Prompt, Professional and Reliable service.”
Factors Chain International is a global network of leading factoring companies, whose common aim is to facilitateinternational trade through factoring and related financial services. Currently the FCI network counts 212 factors in 61 countries, actively engaged in more than half of the world's cross-border factoring volume
First Capital (www.FirstCapital.com) is a leading financial services firm providing prompt, professional and reliable working capital solutions for middle market companies and institutions. Founded in 1987, the firm focuses on Traditional Factoring, Asset-Based Lending and Discount Factoring for clients in North America and Asia with financing needs from $35,000 to $250 million. The firm also manages asset portfolios for clients and is an active issuer of receivables-backed securities. Combining a unique blend of old and new banking methods, First Capital provides clients with the proper support needed to grow and maintain their business. Based out of West Palm Beach, Florida, the firm has six full service offices in major cities including New York, Los Angeles, Ft. Lauderdale, Oklahoma City and Atlanta and a subsidiary that is headquartered in Hong Kong.