Opus Bank’s Commercial Banking division provides a $20,000,000 line of credit to First National Capital Corporation to provide working capital to support future growth for its lending operations
Overview of Transaction
First National Capital Corporation (“First National CC”) was founded in 2005 and is a leading provider of equipment and project financing to clients ranging from public and private middle-market corporations to Fortune 1000 companies.
Significance of Transaction
The additional working capital support, provided by the Lender Finance team within Opus Bank’s (“Opus”) Commercial Banking division, will allow First National CC to expand into new industries and provide additional equipment financing solutions to the industries it currently serves.
Opus Bank's Role
With Opus’ industry experience and knowledge providing financing solutions to employee stock ownership (“ESOP”) companies, Opus was able to structure a line of credit to provide working capital and continued growth for First National CC’s lending operations. Opus understood the client’s different asset classes and leveraged the structure to provide the optimal growth capital solution.