Atherton Capital Funds Over $16 Million to Three Taco Bell Franchisees Over the Past 45 Days.

SAN BRUNO, Calif.--(BUSINESS WIRE)--Sept. 30, 1999--

Taco Bell Franchisees Expand Existing Lending

Relationships With Atherton Capital

Atherton Capital Incorporated is pleased to announce that it has provided more than $16 million in financing to three Taco Bell Franchisees over the past 45 days.

Two franchisees, located in Washington state and another located in South Carolina, are all repeat customers of Atherton Capital. Each applied the loan proceeds to acquire additional restaurants as part of Taco Bell Corporation's refranchising efforts.

The first transaction, which funded on August 17, 1999 was for a six-unit acquisition, refinance and working capital for Bruno Family, LLC headquartered in Hilton Head, South Carolina. Olympic Foods of Washington, Inc. in Seattle, Washington used the loan proceeds released on August 31, 1999 to acquire one unit and re-build a second. The third loan, which also closed on August 31, 1999 was made to Taco Bell Grande NW II, LLC, located in Bellevue, Washington and was for the acquisition, co-branding and remodeling of nine restaurants.

"It is very satisfying to be chosen again by your existing customers. The Atherton brand has been recognized for ten years for exceptional service before and after each loan transaction, resulting in the opportunity to expand our financial relationship as our customers grow their businesses," said David Elder, CEO of Atherton Capital Incorporated.

Atherton Capital Incorporated, a San Francisco Bay Area based specialty commercial finance company, is focused on providing commercial enterprise and real estate financing nationwide for the complete range of growth opportunities to owners, franchisees and investors in businesses. Financing programs include debt-refinancing, acquisition of existing units, new store construction, real estate acquisitions, equipment purchases and store improvements.

Atherton has provided business and franchise financing nationally to operators of quick service and casual dining restaurants, gas stations and convenience stores, lube centers and video stores. Atherton originates loan products through 13 locations, including Atlanta, Boston, Chicago, Houston, Indianapolis, Los Angeles, Minneapolis, New York, San Diego, San Francisco and Seattle.