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FREMONT FINANCIAL PROVIDES $5 MILLION CREDIT LINE FOR GEORGIA-BASED COTTON SPINNING MILL

 FREMONT FINANCIAL PROVIDES $5 MILLION CREDIT
 LINE FOR GEORGIA-BASED COTTON SPINNING MILL
 SANTA MONICA, Calif., April 23 /PRNewswire/ -- Fremont Financial Corp., a subsidiary of Fremont General Corp. (NASDAQ: FRMT), today announced it has provided a $5.0 million line of credit to Swift Spinning Mills Inc. of Columbus, Ga.
 Founded in Columbus in 1906, Swift produces premium cotton and cotton/wool yarns used to manufacture high-quality textiles and garments. Swift's yarns are ultimately used in the garments of companies such as GAP, Banana Republic, Ruff Hewn, L.L. Bean, Land's End, i?z Claiborne, Ralph Lauren and Gerber Children's Wear.
 Swift's President and Chief Executive Officer Makoto Uehara said the company plans to use the funds for general working capital purposes. John W. Willis of Fremont Financial's Atlanta branch handled the transaction.
 Founded in 1969, Fremont Financial Corp. is a leading asset-based lending institution serving commercial clients throughout the United States. Headquartered in Los Angeles, the firm has offices in New York, Chicago, Minneapolis and Atlanta.
 -0- 4/23/92 R
 /CONTACT: Robert Tenney of Fremont Financial, 310-315-5550, or Roger Pondel or Keith Karpe of Pondel Parsons & Wilkinson, 310-207-9300, for Fremont Financial/
 (FRMT) CO: Fremont Financial Corp. ST: California IN: TEX SU:


AL -- LA016 -- 6399 04/23/92 12:32 EDT
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Publication:PR Newswire
Date:Apr 23, 1992
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