Atherton Capital Funds $22 Million in New Store Construction Financing to Franchisees Across the Country.SAN BRUNO San Bruno (săn br  `nō), city (1990 pop. 38,961), San Mateo co., W Calif., a suburb on San Francisco Bay; inc. 1914. There is light manufacturing and petroleum refining. , Calif.--(BUSINESS WIRE)--Aug. 4, 1998--
National Franchise Lender Finances 100% of Costs for New Store Development Atherton Capital Incorporated has committed to funding $22 million in new store development financing for the third quarter of 1998. Franchised concepts include Applebee's, Burger King, KFC KFC Kentucky Fried Chicken (restaurant chain) KFC Kenya Flower Council KFC Kitchen Fresh Chicken (Kentucky Fried Chicken motto) KFC Kung Fu Cult (Cinema) KFC Kitchen Fixed Charge , Taco Bell Taco Bell Corp., a subsidiary of Yum! Brands, Inc., is a Mexican-style quick service restaurant chain based in Irvine, California, United States. The restaurant has locations primarily in the United States and Canada, but also operates outlets in several other markets. , Pizza Hut and Wendy's. Atherton's development program enables borrowers to grow their businesses by lending 100% of the funds to purchase land, build new stores, purchase equipment and advance soft costs for permits and fees. Financing has been made available to multi-unit operators who have development experience. Loan amounts have ranged from $700,000 to $2 million per borrower. Jeanne Brewster, Vice President of Development for Atherton, said, "Atherton's development loan department is staffed with construction industry experts who understand the complexity of the development process and work with our borrowers to insure the timely successful completion of their projects." Atherton Capital Incorporated, a San Francisco Bay Area “Bay Area” redirects here. For other uses, see Bay Area (disambiguation). The San Francisco Bay Area, colloquially known as the Bay Area or The Bay based specialty commercial finance company, is focused on providing commercial financing for the complete range of growth opportunities for owners, franchisees and investors in businesses. Financing programs include debt refinancing, acquisition of existing units, new store development and construction, real estate acquisitions, equipment purchases, store improvements and leasing. Atherton has provided business and franchise financing nationally to over 250 operators of quick service and casual dining restaurants, retail energy and convenience store operators, video stores and specialty retail outlets retail outlet n → punto de venta retail outlet n → point m de vente retail outlet retail n → . Atherton originates loan products throughout 12 locations serving eight regions, including Atlanta, Chicago, Denver, Greenwich, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , Minneapolis, San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden and Seattle. Readers are cautioned not to place undue reliance on the forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. included in this press release, which reflect management's judgment based on factors currently known, as of the date hereof, and which may involve risk and uncertainties. Actual results may differ materially. The company undertakes no obligation to publicly release any revisions to the forward-looking statements or to update them to reflect events or circumstances occurring after the date of this release.
CONTACT: Atherton Capital Incorporated
Shannon Aleshire, 650/827-7800 ext. 232
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