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Tapco/First Capital

With headquarters in suburban Chicago, Tapco Circuit Supply is a leading national distributor of materials and process solutions to the printed circuit board industry. In recent years the Company expanded their relationships with domestic and international suppliers which helped grow sales, but also necessitated greater working capital demands. Given these expanded needs and the desire to expedite the financing process, the Company once again retained Promontory Point Capital to explore funding options for the business. After exploring a variety of alternatives, a solution offered by First Capital, a non-bank asset-based lender, provided Tapco enhanced borrowing flexibility. PPC led the entire financing process including managing an online deal room, interviewing prospective lenders, negotiating term sheets, and assisting in the finalization of closing documentation. With a new financing partner now in place, Tapco is well-positioned to capitalize on continued industry growth.