AT&T Capital granted preferred lender status throghout United States; Small Business Administration recognizes AT&T Capital with PLP designation in 50 SBA districts.

MORRISTOWN, N.J.--(BUSINESS WIRE)--Sept. 14, 1995--AT&T Capital's (NYSE - TCC) Small Business Lending Corp. (SBLC) announced today that it has been awarded preferred lender status by the U.S. Small Business Administration (SBA) in 47 additional districts throughout the United States. The designation was effective Aug. 26, 1995.

Earlier this year the SBA granted PLP status for AT&T Capital's SBLC in three other districts. AT&T's Capital's SBLC now has PLP status in 50 of the SBA's 67 districts -- the second-highest number of PLP district designations in the market today.

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

"We are extremely pleased to be recognized by the SBA as a preferred lender to small businesses," says John Canning, president of AT&T Capital's SBLC. "With this designation nationwide, AT&T Capital will work closely with small businesses to provide prompt turnaround by the SBA on their loan applications.

"Our SBA lending programs are a cornerstone of our commitment to small business finance," Canning adds. "And we're proud that AT&T Capital's SBLC has achieved this level of preferred lending status within just two and a half years of active lending. The depth of lending experience of our account representatives in the local districts, coupled with our efficient central loan processing centers in Englewood, Colo., and Parsippany, N.J., made this achievement possible."

AT&T Capital's SBLC is licensed by the SBA as one of only 14 non-bank lenders. Small businesses use the funds to purchase land, buildings, existing businesses or franchises, inventory and equipment. For fiscal 1994, AT&T Capital's SBLC provided approximately $90 million in SBA-guaranteed loans to small businesses throughout the United States -- the fifth largest SBA lender, in terms of dollar volume, for that year.

AT&T Capital's SBLC is authorized to conduct business in 59 of the SBA's 67 districts across the United States. The company has more than 50 sales representatives working in cooperation with the SBA to serve the small business community.

AT&T Capital Corporation is the largest publicly owned equipment leasing and finance 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, Canada, Mexico, Europe, Hong Kong and Australia.

CONTACT: AT&T Capital Corp.

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

201/435-3494 (home)