First Capital Provides $5 Million Senior Secured Facility to ResCom Energy, LLC

NEW YORK and BOCA RATON, Fla., April 12 /PRNewswire/ -- First Capital, a leading commercial finance company, announced today that it has provided a $5 million senior secured facility to ResCom Energy, LLC a licensed electricity supplier in the State of Connecticut.  

"We are very fortunate to work with an exceptional finance company like First Capital," said David Cohen, ResCom Energy's President. "They truly understand our business and have provided the financing that will allow us to grow and reach our fullest potential.  They are very honest and straightforward - they are a pleasure to deal with."

"We are pleased that ResCom chose First Capital to provide working capital solutions so that they can actively pursue immediate and future business opportunities," said Ric Mazza, Executive Vice President at First Capital. "ResCom Energy has a solid business strategy and a high level of operational expertise so we are excited to be a financial services provider in order to help them achieve their business potential."

This senior secured loan was completed and will be serviced by First Capital's Northeast Regional office located in Manhattan.  

About First Capital

First Capital (www.FirstCapital.com) is a leading specialized commercial finance company providing prompt, professional and reliable secured lending, credit protection and outsourcing.  The firm directly provides these programs primarily to small to mid-sized companies.  In addition, the First Capital works with financial institutions, fund managers and other asset managers to manage portfolios and provide servicing.  First Capital is one of the largest independent and fastest-growing commercial finance companies in the United States.  The Company differentiates itself in the market by (i) providing prompt, professional and reliable service to its clients, (ii) employing highly experienced origination, credit and finance professionals, and (iii) developing creative, customized solutions for clients.  First Capital believes that premium service, the quality of its professionals and its efficient delivery structure make it the preferred lender and service provider.  Based out of Boca Raton, Florida, the firm has other full-service offices in major cities including New York, Los Angeles, Atlanta and Oklahoma City as well as Asian subsidiaries in Manila and Hong Kong.  

About ResCom Energy, LLC

ResCom Energy is a licensed supplier of electricity to homes and small businesses in Connecticut.   When Connecticut deregulated its electric markets over a decade ago, it provided an opportunity for electricity users to save money by choosing their electric suppliers.  Currently, ResCom helps many thousands of homes and businesses save money on their utility bills.

SOURCE First Capital

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