FMAC Finances $119 Million in August.GREENWICH, Conn.--(BUSINESS WIRE)--Sept. 22, 1997--Franchise Mortgage Acceptance Company LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control had a record month in August, providing more than $119 million to restaurant franchisees, petroleum retailers and convenience store operators. This was the first month in FMAC's history that the company topped the $100 million mark in loan originations. FMAC's newly-formed Energy Finance Group provided more than $71.5 million in August to borrowers that represent key petroleum companies such as Texaco, Shell, BP and Exxon. The Energy Finance Group, which has provided more than $100 million in financing since its formation in June, consists of a team of 32 financial professionals who offer customized services to meet the unique needs of these retailers. With a thorough understanding of petroleum retailing and related service industries, the Energy Finance Group has developed long-term financial solutions for companies of all sizes. In August, FMAC's Restaurant Finance Group provided more than $47.5 million to borrowers that represent leading franchise concepts such as 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. , 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 and Wendy's. The Restaurant Finance Group, a leading provider of restaurant franchise financing, has provided more than $1.1 billion in financing since its inception in 1991. "This record month demonstrates the fact that franchise owners look to FMAC FMAC Find, Meet, Attract, Close FMAC Financial and Management Accounting Committee FMAC Fédération Mondiale des Anciens Combattants (French: World Veterans Federation) FMAC FEMA Map Assistance Center FMAC FPGA Mission Assurance Center as a superior solution for financing their growth," said Wayne L. Knyal, president and chief executive officer of FMAC. "FMAC's financial professionals in restaurants, convenience stores The following is a list of convenience stores organized by geographical location. Stores are grouped by the lowest heading that contains all locales in which the brands have significant presence. and retail petroleum service stations have proven that it takes more than money to win business ... it takes industry knowledge and more importantly, a concern for our customers' personal goals and dreams." Franchise Mortgage Acceptance Company LLC, founded in 1991, is a leading provider of franchise financing. The Greenwich-based company, a subsidiary of Imperial Credit Industries Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ICII ICII Information Cultures and Information Interests (UNESCO conference) ), has provided more than $1.3 billion in financing and has enabled investor participation through eight securitizations of pooled franchise loans totaling more than $900 million. FMAC has other major offices in Atlanta, Los Angeles and Denver, with regional offices in several other states across the country. CONTACT: Austin Lawrence Group Anne Young/Jason Kannon 203/961-8888, ext. 3010/3002 |
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