AT&T Capital Receives Expanded Preferred Lender Status Nationwide; Small Business Administration Grants PLP Status in 63 SBA Districts.

MORRISTOWN, N.J.--(BUSINESS WIRE)--March 20, 1996--AT&T Capital's (NYSE: TCC) small business lending company (AT&T SBLC) announced today that it has been granted preferred lender status (PLP) by the U.S. Small Business Administration in 13 additional districts throughout the United States. The designation was effective March 11, 1996.

In 1995, the SBA granted PLP status for AT&T SBLC in 50 districts. The company now has PLP status in 63 of the SBA's 68 districts.

The Preferred Lender Program is open only to lenders who have demonstrated capability and commitment to small business lending. It is the highest lending designation awarded by the SBA.

"Once again, we are extremely gratified to be recognized by the SBA as a preferred lender to small business, essentially throughout the United States," says John Canning, President of AT&T SBLC. "With our PLP status in 63 districts, AT&T Capital will continue to work closely with small businesses to provide prompt turnaround by the SBA on their loan applications.

"We view our SBA lending programs as the cornerstone of our commitment to small business finance," Canning adds. "And we're proud that our small business lending company has achieved this level of lending status in just three years of active SBA lending. We're pleased that the depth of lending experience of our account representatives in the local districts, coupled with our central loan processing centers in Englewood, Colorado and Parsippany, New Jersey, made this latest achievement possible."

AT&T SBLC is authorized by the SBA as one of only 14 non-bank lenders. Small businesses use the funds to purchase existing businesses or franchises, inventory, equipment, land and buildings. For the SBA's fiscal 1995, AT&T Capital's small business lending company provided more than $180 million in SBA-guaranteed loans to small businesses throughout the United States -- making it one of the largest and fastest-growing SBA lenders.

AT&T Capital's small business lending company is authorized to conduct business in 63 of the SBA's 68 districts across the United States. The company has 55 sales representatives working in cooperation with the SBA to serve the small business community.

AT&T Capital, the largest publicly owned, diversified equipment leasing and financing company in the United States, leases and finances both AT&T and non-AT&T equipment to approximately 500,000 business customers of all sizes in the United States, Europe, Canada, the Asia/Pacific region, Mexico and South America.

CONTACT: AT&T Capital Corporation

David P. Caouette, 201/397-8724 (office)

201/435-3494 (home)