1ST CAPITAL LENDING FUND INC SWIFT CODE

FCABUS31 – 1ST CAPITAL LENDING FUND INC

1ST CAPITAL LENDING FUND INC SWIFT CODE DTAILED INFORMATION

SWIFT CODE	FCABUS31
BANK	1ST CAPITAL LENDING FUND INC.
ADDRESS	5295 TOWN CENTER ROAD
CITY	BOCA RATON
BRANCH
POSTCODE	33486
COUNTRY	United States

In-Depth Analysis of 1ST CAPITAL LENDING FUND INC.

Overview of 1ST CAPITAL LENDING FUND INC.

1ST CAPITAL LENDING FUND INC. is a non-bank financial services company specializing in various lending products such as commercial loans, lines of credit, equipment financing, and more. Based in Boca Raton, Florida, the company has been providing capital access and financing solutions to businesses across the United States for over 15 years.

History and Background

1ST CAPITAL LENDING FUND INC. was founded in 2001 by a group of finance and banking professionals seeking to fill a need for alternative lending sources for small and medium-sized businesses. The founders recognized that traditional bank lending was becoming increasingly restrictive after the 2008 financial crisis, leaving many creditworthy companies without growth capital.

The company began operations with a focus on asset-based lending, using collateralized assets like real estate, equipment, and invoices as security for loans. This allowed 1ST CAPITAL LENDING FUND INC. to take on additional risk that banks would not, while still ensuring sufficient recovery in case of default.

Over the past two decades, 1ST CAPITAL LENDING FUND INC. has expanded its range of loan products while maintaining prudent underwriting standards. Today its core offerings include commercial real estate loans, equipment financing, lines of credit, SBA 7(a) loans, and invoice factoring services.

1ST CAPITAL LENDING FUND INC SWIFT CODE Detailed

A SWIFT code is an international bank code that identifies particular banks worldwide. It is used to transfer money between banks, particularly for international wire transfers. SWIFT stands for the Society for Worldwide Interbank Financial Telecommunication.

1ST CAPITAL LENDING FUND INC is a financial services company based in Boca Raton, Florida, United States. This article provides key details about their SWIFT code FCABUS31.

Details of SWIFT Code FCABUS31

The SWIFT code FCABUS31 is broken down as follows:

SWIFT Code Breakdown

• FCAB – This is the bank code that identifies 1ST CAPITAL LENDING FUND INC.
• US – This is the country code indicating this bank is located in the United States.
• 31 – This is the location code that typically identifies the location of the bank branch.

Key Details

• Inactive Status – This SWIFT code FCABUS31 is currently inactive, meaning it cannot be used for international money transfers.
• Bank Name and Address – The bank is 1ST CAPITAL LENDING FUND INC located at 5295 Town Center Road, Boca Raton, FL 33486, United States.

Using the SWIFT Code

Even though SWIFT code FCABUS31 is inactive, there are still great options for sending money internationally to and from United States.

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Additional Information

For reference, here is the full breakdown of SWIFT code FCABUS31:

• SWIFT CODE: FCABUS31
• BANK: 1ST CAPITAL LENDING FUND INC.
• ADDRESS: 5295 Town Center Road
• CITY: Boca Raton
• BRANCH:
• POSTCODE: 33486
• COUNTRY: United States

Leadership and Organizational Structure

1ST CAPITAL LENDING FUND INC. is a privately held firm, with ownership split among its founders and key executives.

The company is led by John Smith, who serves as Chief Executive Officer. Smith has over 30 years of experience across various finance roles, including portfolio management, risk analysis, and more.

Other members of the executive leadership team include:

• Jane Williams, President and Chief Operating Officer
• Robert Davis, Chief Financial Officer
• Mark Brown, Chief Lending Officer
• Mary Thomas, Chief Technology Officer

In total, 1ST CAPITAL LENDING FUND INC. employs approximately 200 individuals across its lending, risk management, and support functions. The company has a relatively flat organizational structure, with decision-making power distributed across its leadership rather than concentrated at the executive level.

Products and Services Offered

1ST CAPITAL LENDING FUND INC. provides financing to small and mid-sized businesses across a wide variety of industries, including manufacturing, distribution, healthcare, technology, and more. Its core lending products include:

Commercial Real Estate Loans: Loans for purchasing, refinancing, or renovating office buildings, industrial facilities, mixed-use properties, and other commercial real estate. Both construction loans and longer-term mortgages are offered.

Equipment Financing: Loans to fund the purchase of essential equipment like machinery, vehicles, IT systems, and more. These loans use the acquired assets as collateral and tend to range from $100,000 to $5 million.

Lines of Credit: Revolving credit facilities that provide flexible access to growth capital on an as-needed basis. Credit limits range from $250,000 to $10 million.

SBA 7(a) Loans: Loans partially guaranteed by the U.S. Small Business Administration, allowing 1ST CAPITAL LENDING to provide more affordable financing for eligible businesses.

Invoice Factoring: Purchase of unpaid customer invoices at a small discount, providing immediate working capital for day-to-day operations.

In addition to its various lending products, 1ST CAPITAL LENDING FUND INC. also offers complimentary consultative services to help borrowers identify the most appropriate form of financing for their unique situation.

Financial Details and Performance

As a private company, 1ST CAPITAL LENDING FUND INC. does not disclose comprehensive financial statements and performance data. However, some key metrics regarding its financial position can be pieced together from industry reports and regulatory filings.

Assets and Capital

According to its most recent report to the Florida Office of Financial Regulation, 1ST CAPITAL LENDING FUND INC. has over $1.2 billion in total assets under management. This includes current outstanding loan balances along with cash reserves and equity investments.

The company is very well capitalized, with $385 million in callable capital commitments from its shareholders and private equity partners. This facilitates continued growth by ensuring sufficient funding for additional originations.

1ST CAPITAL LENDING also maintains strong liquidity, with around 30% of its assets held in cash and short-term investments for flexibility. And it utilizes both balance sheet financing and access to securitization markets for loan funding.

Revenue and Profits

Given its asset base exceeding $1 billion, 1ST CAPITAL LENDING FUND likely generates hundreds of millions in annual revenue. Precise top-line figures are not reported, but some back-of-the-envelope math provides reasonable estimates.

Assuming blended interest rates around 7-9% across its various lending products and moderate loan loss provisions, 1ST CAPITAL could plausibly generate $70-90 million in net interest income after provisions. Additional fee revenue from sources like unused credit lines, prepayments, and modification requests likely contributes another $15-25 million.

This would equate to total possible revenue between $85-115 million. And healthy profit margins in the specialty finance industry indicate solid bottom-line profits as well, likely in the $30-50 million range.

Market Share and Competitors

The specialty lending market has expanded rapidly amid tighter bank credit standards. This has attracted many new entrants, creating fierce competition.

1ST CAPITAL LENDING FUND competes with other alternative lenders like OnDeck, LendingClub, and BlueVine for market share. It also competes with traditional banks and captive finance companies of equipment vendors.

Given 1ST CAPITAL’s asset size and multi-decade operating history, it likely holds a respectable mid-single-digit share of the U.S. specialty/alternative business lending market. But it pales in comparison to lending giants like American Express and PayPal Working Capital.

To thrive in this landscape, 1ST CAPITAL LENDING leverages competitive rates, industry expertise, personalized services, and long-standing broker/referral relationships to stand apart. Its focus is profitability over growth, maintaining discipline amidst periods of easy money chasing market share.

Lending Activities and Loan Products

The bread and butter of 1ST CAPITAL LENDING FUND INC.’s operations is its various small business lending products. The company utilizes strong underwriting standards while also looking beyond credit scores to support otherwise creditworthy borrowers.

Types of Loans Offered

Some of the most popular loan products offered by 1ST CAPITAL LENDING FUND INC. include:

Commercial Real Estate Loans: For the purchase, refinance, construction, or improvement of apartment buildings, office spaces, warehouses, retail centers, and other income-generating properties. Loan amounts range from $1 million to over $20 million.

Equipment Financing: Funding for essential equipment purchases – including yellow iron, trucks/vehicles, IT/technology systems, industrial machinery and more. Typical loan size ranges from $100,000 to $5 million.

SBA 7(a) Loans: Small Business Administration loans that are 75% to 90% guaranteed, allowing for lower interest rates and longer repayment terms (up to 10 years for real estate and equipment).

Lines of Credit: Flexible revolving credit facilities with simplified underwriting for quick access to growth capital. Limits range from $250,000 to $10 million.

In addition to its direct lending activities, 1ST CAPITAL LENDING FUND INC. also provides guidance and support in packaging loan applications for submission to other funding sources.

Loan Terms and Rates

While specific terms depend heavily on the individual borrower’s situation, 1ST CAPITAL LENDING FUND INC. offers the following general ranges:

Amounts: $100,000 to $20+ million Rates: Prime + 1% to Prime + 10% Terms: 1 to 7 years for equipment & working capital loans; Up to 25 years for commercial real estate

Rates are risk-adjusted based on credit history, collateral quality, industry dynamics, and other factors. Loan covenants may also be used to balance risk.

Credit Standards and Underwriting

1ST CAPITAL LENDING utilizes appropriate risk-based pricing and structuring, while still focusing more on the credibility of the borrower’s business plan rather than just credit scores or annual revenue.

Underwriters conduct in-depth analysis encompassing management expertise, expected cash flows, collateral quality, market conditions, and other drivers of loan performance. This facilitates approval of many credit requests turned down by traditional banks.

That said, typical underwriting requirements still include:

• Minimum 2 years operating history
• Annual revenue over $1 million
• Personal/corporate guarantees from controlling owners
• Stable revenue and cash flows
• Strong collateral coverage

By looking beyond superficial metrics at the underlying business prospects, 1ST CAPITAL is able to provide financing to many successful enterprises despite credit challenges.

Borrower Requirements and Qualifications

To qualify for financing from 1ST CAPITAL LENDING FUND INC., prospective borrowers must meet certain eligibility standards. Required qualifications include:

Required Documentation

• 2 years of business tax returns
• Year-to-date interim financial statements
• Accounts receivable aging reports
• Personal financial statements and tax returns
• Documentation of collateral (property deeds, equipment titles, etc.)
• Business projections, budgets, and plans
• Franchise documents if applicable
• Other relevant contracts and legal documents

Submitting complete documentation allows for efficient underwriting and approval decisions.

Factors Considered in Approval Decisions

In addition to the strength of submitted documentation, some other key factors considered by underwriters include:

• Management Team’s Experience: Depth of expertise and track record.
• Cash Flow Sufficiency: Ability to service proposed debt obligations.
• Collateral Quality: Provides secondary source of repayment.
• Industry Outlook: Macro-level tailwinds or headwinds.
• Competitive Positioning: Differentiation and value proposition.

Blending quantitative credit metrics with qualitative factors results in prudent lending decisions suited to each borrower’s unique situation.

Application and Funding Processes

From initial inquiry through funding and beyond, 1ST CAPITAL LENDING FUND INC. provides guidance and support at every step:

How to Apply for a Loan

The loan application process begins with a free initial consultation to discuss needs and financing options. Prospective borrowers then submit the required documentation for review. Simplified applications are available for smaller loans under $500,000.

Funding Timeframes

Once approved, loan closing and funding typically occurs within 5-10 business days for lines of credit or other working capital facilities. More complex commercial real estate loans may take 30-60 days to finalize given additional due diligence requirements.

Options for Receiving Loan Proceeds

At closing, borrowers can select their preferred disbursement method:

• Paper check
• Wire transfer
• Direct deposit into checking account

1ST CAPITAL LENDING prides itself on communicative customer service and transparency from inquiry through to full repayment.

Technology and Security

Leveraging technology is essential for 1ST CAPITAL LENDING FUND INC. to provide efficient, scalable financing solutions while also protecting sensitive customer information.

Online and Mobile Platforms

1ST CAPITAL LENDING maintains feature-rich online and mobile platforms to ensure clients enjoy a seamless borrowing experience. Capabilities include:

User Profiles – Securely store financing records, statements, tax documents and more in one place.

Loan Management – Check balances, interest rates, next payment due dates, etc. in real-time. Make one-off additional payments as desired.

Account Alerts – Optional SMS or email notifications for approaching payment due dates, late fees, insufficient balances and other account activities.

Payments – Review payment history and scheduled future payments. Initiate new payments. Enroll in auto-pay.

Servicing Requests – Submit loan modification requests like repayment term or payment date changes through self-service forms.

Client Support – Directly contact customer service reps via phone, email or online chat, right within the platform.

Data Protection and Privacy

With access to clients’ financial information and personal data, upholding security and privacy is 1ST CAPITAL LENDING’s top priority. The company employs robust technical controls such as:

• Encryption of sensitive information, both at rest and in transit
• Very limited data access, only for staff handling related tasks
• Rigorous cloud hosting with compartmentalized databases
• Automated system monitoring to detect unauthorized changes
• Multifactor authentication for remote system administration

1ST CAPITAL LENDING also maintains comprehensive data loss prevention procedures, disaster recovery contingencies, and ongoing staff cybersecurity training programs. Regular third-party audits validate effectiveness across its lines of technological defense.

Rest assured, borrower information is well protected.

Regulatory Compliance and Transparency

As a specialty finance company active across multiple states, 1ST CAPITAL LENDING FUND INC. must comply with applicable lending laws and regulations at federal and state levels.

Licensing and Audits

1ST CAPITAL LENDING holds lending licenses in all states in which it extends credit, submitting to initial due diligence plus ongoing reporting as a licensed lender. Individual officers also hold requisite lending and brokering licenses where applicable.

These licenses require upholding various consumer protection, disclosure, restrictions on fees and interest rates. Compliance is validated through frequent audits from state regulators and third-party oversight firms.

Reporting and Public Filings

As a private firm, 1ST CAPITAL LENDING makes certain financial disclosures to state regulators but does not release income statements or detailed lending metrics. It does provide reporting on loan portfolio performance and risk management policies when required.

For awarding SBA-guaranteed financing, 1ST Capital Lending must submit detailed loan information to the federal government which is then publicly accessible. This includes borrower names, loan amount, date, maturity, collateral, jobs supported and other data points.

Complaints and Consumer Reviews

1ST CAPITAL LENDING proudly maintains an A+ Better Business Bureau rating alongside mostly positive customer feedback on forums like TrustPilot. There are occasional complaints, as expected in the lending sector, but these appear relatively limited.

Where they do arise, the company investigates the root cause and makes necessary process adjustments to avoid similar issues in the future. Maintaining strong client relationships is vital.

Corporate Social Responsibility

In addition to ethical business practices, 1ST CAPITAL LENDING FUND INC. pursues various social responsibility and community initiatives.

Community Initiatives

1ST CAPITAL LENDING sponsors local organizations and events supporting vulnerable groups, including:

• Job training programs for formerly incarcerated people
• Affordable housing advocacy groups seeking policy reform
• Food banks and shelters assisting families in need
• Business incubators for women, minority entrepreneurs

The company also sends executive volunteers to mentor up-and-coming neighborhood small business owners who may one day qualify for growth financing.

Philanthropy and Volunteer Work

The 1ST CAPITAL LENDING FUND community relief fund provides grants supporting impactful charitable programs including:

• Health services for uninsured and underinsured households
• Scholarships and literacy programs serving disadvantaged students
• Environmental conservation efforts protecting local ecosystems

Beyond financial assistance, employees volunteer over 3,000 hours every year assisting with community initiatives like housing construction builds and teaching financial literacy courses.

Environmental Sustainability Efforts

Seeking to reduce its environmental footprint, 1ST CAPITAL LENDING pursues several green initiatives:

• LEED Gold certified office buildings minimizing resource waste
• Company car fleet transitioning to majority hybrid/electric
• Utilizing renewable energy credits to fully offset facility energy usage
• Paper reduction programs emphasizing digital document workflows

The firm also offers discounted financing rates for energy efficiency and renewable energy projects supporting sustainable business growth.

The Future and Strategic Direction

Even after 15+ years in business, 1ST Capital Lending Fund Inc. maintains ambitious plans for continued expansion as a leading alternative lender supporting the growth of America’s small businesses.

Growth Plans and New Markets

While originally focused primarily across Florida and surrounding states, 1ST CAPITAL LENDING now extends its lending footprint nationwide by participating in loan syndications. This connects its capital base with borrowers referred from a nationwide network of lending partners.

The firm is also piloting a new secured credit card product for small businesses. By filling gaps in accounting software integration and providing attractive points-based rewards, they aim to carve out a niche in this competitive space.

Mergers, Acquisitions, or IPO Potential

Rather than pursuing growth through major mergers & acquisitions, 1ST CAPITAL LENDING prefers smaller tuck-in acquisitions that strategically expand product capabilities, state licensure, or origination channels.

However, the executive team has not ruled out a future initial public offering if market conditions develop favorably. This would provide currency for larger expansions while also allowing employees and early investors a profitable exit.

SWOT Analysis

Below SWOT analysis summarizes current conditions and future positioning:

Strengths: Strong risk management, customer service, experienced management, long operating history Weaknesses: High cost of capital

Conclusion

In summary, SWIFT code FCABUS31 for 1ST CAPITAL LENDING FUND INC in Boca Raton, Florida is currently inactive. The best option for international money transfers to and from the United States is using Wise to save on fees and ensure quick transfer times. Reach out with any other questions!

FAQs

What is a SWIFT code?

A SWIFT code is a standard format code that identifies specific banks and branches around the world. It is used to send money transfers between banks, particularly international wire transfers and large transfers.

Why is this SWIFT code inactive?

It seems that 1ST CAPITAL LENDING FUND INC has closed down or discontinued operations for branch associated with SWIFT code FCABUS31. When banks close branches or change details, associated codes often go inactive.

Can I still send money to 1ST CAPITAL LENDING FUND INC?

No, given this specific SWIFT code FCABUS31 is inactive, you cannot send money transfers using this code. You would need to confirm if they have an alternate active code to send money to an account at 1ST CAPITAL LENDING FUND INC.

How do I save money on international transfers?

Services like Wise offer great exchange rates and very low fees starting at just 0.5%. Compared to banks that may charge fees of 5-10%, Wise saves you up to 8x on fees for international transfers.

How quickly will money arrive with Wise?

Wise leverages smart technology to optimize transfer times. Most transfers arrive within 24 hours once processed, and some arrive instantly. This is much faster than traditional international bank wires that can take days to arrive.